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

[PRESS RELEASE – Vietnam, Vietnam, September 24th, 2024]

RENEC Lend, a decentralized finance (DeFi) platform supported by the RENEC Foundation, is thrilled to reveal a limited-time airdrop event for its native token, Relend Token (REL). With the much-anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) nearing the end of September, this airdrop presents an excellent opportunity for users to gather REL tokens ahead of their public release.

What is RENEC Lend?

RENEC Lend is a cutting-edge DeFi platform that offers supply/borrow services for tokens and fiat currencies, leveraging the RENEC and Solana blockchains. This platform aims to provide users with low borrowing interest rates starting at just 5% per year, thereby removing the need for conventional financial processes.

Relend Token (REL) serves as the native token of the platform, designed to offer holders numerous benefits, including governance, staking, and liquidity provision. The token is drawing attention within the DeFi community as it gears up for its DEX listing.

Key Features of Relend Token (REL)

As the listing date approaches, REL holders will enjoy several valuable features:

• Governance & Protocol Enhancements: REL holders can take part in decisions related to protocol upgrades and fee modifications. By staking a designated amount of REL, users can propose and influence changes within the ecosystem.
• Staking: Holders can stake REL on the RENEC Lend platform.
• Liquidity Contribution: By providing liquidity to REL pools on DEXs, holders can earn rewards from transaction fees.
• Discounted Borrowing Costs: REL holders qualify for lower borrowing costs and minimized interest rates.
• Exclusive Offers: REL holders gain access to unique liquidity and referral programs.

Readers can discover more about REL’s tokenomics here.

REL Roadmap

Important milestones for Relend Token (REL) include:

• End of September 2024: Official listing on Solana and RENEC DEXs.
• October 2024: Rollout of governance features enabled for REL holders to partake in platform upgrades and fee adjustments.
• Borrowing Fee Reductions: REL holders can take advantage of lowered borrowing costs and interest rates, enhancing their platform experience.

Airdrop Relend Token (REL)

From September 23 to October 7, 2024 (UTC), RENEC Lend is hosting a limited-time airdrop event, allowing users to earn an APY of 30% to 60% by supplying SOL, USDT, or USDC. This event provides participants the opportunity to gather REL tokens prior to their public availability.

Reward Breakdown:

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

Participation Advantages:

• Daily Earnings: Participants can earn interest on their USDT/USDC/SOL supplies, with additional REL tokens accruing daily.
• No Supply Restrictions: There are no limits on the amount participants may supply, with larger supplies potentially yielding higher rewards.
• Instant Flexibility: Users can withdraw their USDT/USDC/SOL and earned REL rewards at any time.

How to Join:

1. Users can head to the RENEC Lend Dashboard to connect their Solana wallet.
2. Supply USDT, USDC, or SOL.
3. Users’ REL rewards will be calculated and credited immediately, with real-time tracking enabled.

Limited Airdrop Pool

The airdrop pool is limited, and the event may conclude earlier if all rewards are distributed. Participants can seize the chance to acquire REL tokens before they are accessible to the public.

Post-Supply Benefits:

After supplying tokens, participants also have the option to borrow additional tokens such as USDT or BNB with a loan-to-value (LTV) ratio of up to 75%. With loan interest rates as low as 5% per year and no monetary verification required, the platform offers flexible lending options ideal for long-term needs.

Holding REL Prior to the Listing

Acquiring REL before its public release enables users to engage with the token early and participate in the platform’s ecosystem prior to it being traded publicly.

About RENEC Lend

RENEC Lend is a decentralized finance (DeFi) platform that provides token and fiat Supply/Borrow services. Endorsed by the RENEC Foundation and operating on both the RENEC and Solana blockchains, the platform allows users to leverage low-interest rates, under 5% annually, while aiming to maximize earnings through reward airdrop events.

For additional information, readers can explore: