RENEC Lend Unveils Limited-Time Airdrop Event for Relend Token (REL)

Vietnam, September 24th, 2024

RENEC Lend, a decentralized finance (DeFi) platform supported by the RENEC Foundation, is thrilled to announce a limited-time airdrop event for its native token, Relend Token (REL). With the anticipated REL listing on decentralized exchanges (DEXs) approaching by the end of September, this airdrop presents users with a chance to acquire REL tokens ahead of their public availability.

What is RENEC Lend?

RENEC Lend is an innovative DeFi platform providing supply and borrow services for both tokens and fiat currencies, built on the RENEC and Solana blockchains. The platform aims to offer users competitive borrowing interest rates starting at 5% per year, simplifying the traditional financial process.

Relend Token (REL) serves as the platform’s native token, designed to grant holders various benefits such as governance participation, staking opportunities, and liquidity provision. As the DEX listing approaches, REL is gaining traction within the DeFi community.

Key Features of Relend Token (REL)

As the listing date nears, REL holders can look forward to several valuable features:

• Governance & Protocol Upgrades: Holders can engage in decisions related to protocol improvements and fee alterations. By staking a certain amount of REL, users can propose and influence changes within the ecosystem.
• Staking: Opportunities are available for holders to stake REL on the RENEC Lend platform.
• Liquidity Provision: By adding liquidity to REL pools on DEXs, holders can earn rewards from fee distributions.
• Discounted Borrowing Fees: REL holders will benefit from reduced borrowing fees and lower interest rates.
• Exclusive Programs: Access to unique liquidity and referral programs is available for REL holders.

REL Roadmap

Notable upcoming milestones for Relend Token (REL) include:

• End of September 2024: Official listing on Solana and RENEC DEXs.
• October 2024: Introduction of governance features enabling REL holders to engage in platform updates and fee adjustments.
• Borrowing Fee Discounts: Returns will be improved for REL holders with lower fees and interest rates.

Airdrop Relend Token (REL)

From September 23 to October 7, 2024 (UTC), RENEC Lend is hosting a limited-time airdrop event, where users can earn an APY of 30% to 60% by supplying SOL, USDT, or USDC. This event allows participants to accumulate REL tokens before they are released to the public.

Reward Details:

• 60 REL for every 1 USDT supplied over a year (APY up to 60%).
• 60 REL for every 1 USDC supplied over a year (APY up to 60%).
• 30 REL for every 1 SOL supplied over a year (APY up to 30%).

Participation Benefits:

• Daily Rewards: Participants can earn interest on their USDT/USDC/SOL supplies, with additional REL tokens accumulating daily.
• No Supply Limits: There are no caps on the amount participants can supply, which can lead to higher rewards.
• Instant Flexibility: Users are free to withdraw their USDT/USDC/SOL and accumulated REL rewards at any time.

How to Participate:

1. Users should connect their Solana wallet on the RENEC Lend Dashboard.
2. Supply USDT, USDC, or SOL.
3. REL rewards will be calculated and credited instantly, with real-time tracking available.

Limited Airdrop Pool: The total airdrop pool is limited, and the event may conclude earlier if all rewards are claimed. Participants have the opportunity to acquire REL tokens before they are publicly listed.

Holding REL Before the Listing

Acquiring REL before its public availability allows users to engage with the token early and participate in the platform’s ecosystem ahead of its public trading.

About RENEC Lend

RENEC Lend operates as a decentralized finance (DeFi) platform providing supply and borrow services for tokens and fiat currencies. Backed by the RENEC Foundation and operating on the RENEC and Solana blockchains, the platform helps users leverage low-interest rates, under 5% annually, while maximizing earnings through reward airdrop events.

For more insights into REL’s tokenomics, community discussions, and updates, use the applicable channels associated with RENEC Lend.

Contact Information:
For inquiries, please reach out via email.