Vietnam, Vietnam, September 24th, 2024, Chainwire

RENEC Lend is excited to announce a limited-time airdrop event for its native token, Relend Token (REL). With the anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) approaching by the end of September, this airdrop offers users a chance to accumulate REL tokens before they become public.

What is RENEC Lend?

RENEC Lend is an innovative DeFi platform providing supply/borrow services for tokens and fiat, supported by the RENEC and Solana blockchains. Users can enjoy low borrowing interest rates starting at 5% per year, eliminating traditional financial procedures.

Relend Token (REL) is the platform’s native token, offering holders benefits such as governance, staking, and liquidity provision, gaining attention in the DeFi community ahead of its DEX listing.

Key Features of Relend Token (REL)

As the listing approaches, REL holders will gain access to several valuable features:

• Governance & Protocol Upgrades: Holders can influence protocol upgrades and adjustments by staking REL.
• Staking: Users can stake REL on the RENEC Lend platform.
• Liquidity Provision: Supply liquidity in REL pools on DEXs and earn rewards from pool fees.
• Discounted Borrowing Fees: Holders benefit from reduced borrowing fees and lower interest rates.
• Exclusive Programs: Access to exclusive liquidity and referral programs.

Readers can learn more about REL’s tokenomics here.

REL Roadmap

Key milestones for Relend Token (REL) include:

• End of September 2024: Official listing on Solana and RENEC DEXs.
• October 2024: Launch of governance features to allow REL holders to participate in upgrades.
• Borrowing Fee Discounts: REL holders can enjoy reduced borrowing fees and interest rates.

Airdrop Relend Token (REL)

From September 23 to October 7, 2024 (UTC), RENEC Lend is offering a limited-time airdrop event for users to earn an APY of 30% to 60% by supplying SOL, USDT, or USDC. This event allows participants to accumulate REL before public availability.

Reward Details:

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

Participation Benefits:

• Daily Rewards: Earn interest on supplies, accumulating additional REL daily.
• No Supply Limits: No cap on amounts supplied, potentially leading to higher rewards.
• Instant Flexibility: Withdraw USDT/USDC/SOL and accumulated REL rewards anytime.

How to Participate:

1. Visit the RENEC Lend Dashboard and connect your Solana wallet.
2. Supply USDT, USDC, or SOL.
3. Earn REL rewards calculated and credited instantly, with real-time tracking available.

The total airdrop pool is limited, and the event may conclude early if all rewards are claimed, allowing participants to acquire REL before public access.

Post-Supply Benefits:

Participants can borrow tokens like USDT or BNB with a loan-to-value (LTV) ratio of up to 75%. With interest rates as low as 5% per year and no financial verification needed, flexible borrowing options cater to long-term needs.

Holding REL Before the Listing

Acquiring REL before public availability enables early engagement with the token and participation in the platform’s ecosystem.

About RENEC Lend

RENEC Lend is a decentralized finance (DeFi) platform offering token and fiat Supply/Borrow services. Backed by the RENEC Foundation and operating on the RENEC and Solana blockchains, it provides low-interest rates under 5% annually while maximizing earnings through reward airdrop events.

For more information, visit:
* Website: RENEC Lend Dashboard
* Telegram Group: RENEC Lend Community
* Twitter: Relend Official

Contact: RENEC Lend
lend@renec.foundation

This article was originally published on Chainwire.