RENEC Lend Proclaims Restricted-Time Airdrop Occasion for Relend Token (REL)

Vietnam, Vietnam, September twenty fourth, 2024, Chainwire

RENEC Lend, a decentralized finance (DeFi) platform backed by the RENEC Basis, is happy to announce a limited-time airdrop occasion for its native token, Relend Token (REL). Because the anticipated REL itemizing on and RENEC decentralized exchanges (DEXs) approaches by the top of September, this airdrop provides a possibility for customers to build up REL tokens earlier than they turn out to be out there to the general public.

What’s RENEC Lend?

RENEC Lend is an revolutionary DeFi platform that gives provide/borrow companies for tokens and fiat, supported by the RENEC and Solana blockchains. The platform goals to offer customers with low borrowing rates of interest beginning at 5% per yr, eliminating the necessity for conventional monetary procedures.

Relend Token (REL) is the native token of the platform, designed to empower holders with a wide range of advantages, together with governance, staking, and liquidity provision. REL is gaining consideration throughout the DeFi group because it prepares for its DEX itemizing.

Key Options of Relend Token (REL)

Because the itemizing approaches, REL holders will achieve entry to a number of invaluable options:

• Governance & Protocol Upgrades: REL holders can take part in selections concerning protocol upgrades and price changes. By staking a specified quantity of REL, customers can suggest and affect adjustments throughout the ecosystem.
• Staking: Holders have the chance to stake REL on the RENEC Lend platform.
• Liquidity Provision: By supplying liquidity to REL swimming pools on DEXs, holders can attempt to earn rewards from pool charges.
• Discounted Borrowing Charges: REL holders are eligible for lowered borrowing charges and decrease rates of interest.
• Unique Packages: REL holders could have entry to unique liquidity and referral packages.

Readers can study extra about REL’s tokenomics right here.

REL Roadmap

Key milestones for Relend Token (REL) embody:

• Finish of September 2024: Official itemizing on Solana and RENEC DEXs.
• October 2024: Launch of governance options, permitting REL holders to take part in platform upgrades and price changes.
• Borrowing Charge Reductions: REL holders can profit from lowered borrowing charges and rates of interest, optimizing their platform expertise.

Airdrop Relend Token (REL)

From September 23 to October 7, 2024 (UTC), RENEC Lend is providing a limited-time airdrop occasion, the place customers have the prospect to earn an APY of 30% to 60% by supplying SOL, USDT, or USDC. This occasion provides individuals the chance to build up REL tokens earlier than they turn out to be out there to the general public

Reward Particulars:

• 60 REL for each 1 USDT equipped over one yr (APY as much as 60%).
• 60 REL for each 1 USDC equipped over one yr (APY as much as 60%).
• 30 REL for each 1 SOL equipped over one yr (APY as much as 30%).

Participation Advantages:

• Day by day Rewards: Members could earn curiosity on their USDT/USDC/SOL provides, with extra REL tokens accumulating day by day.
• No Provide Limits: There isn’t a cap on the quantity individuals can provide, with higher provide doubtlessly resulting in greater rewards.
• Instantaneous Flexibility: Customers can withdraw their USDT/USDC/SOL and collected REL rewards at any time.

How you can Take part:

Restricted Airdrop Pool (NASDAQ:)The whole airdrop pool is proscribed, and the occasion could finish earlier if all rewards are claimed. Members have the choice to amass REL tokens earlier than the token is open to the general public.

Publish-Provide Advantages:After supplying tokens, individuals even have the chance to borrow extra tokens corresponding to USDT or BNB with a loan-to-value (LTV) ratio of as much as 75%. With mortgage rates of interest as little as 5% per yr and no monetary verification required, the platform provides versatile borrowing choices good for long-term wants.

Holding REL Earlier than the Itemizing

Buying REL earlier than it turns into out there to the general public can permit customers to interact with the token early and take part within the platform’s ecosystem earlier than it’s publicly traded

About RENEC Lend

RENEC Lend is a decentralized finance (DeFi) platform providing token and fiat Provide/Borrow companies. Backed by the RENEC Basis and working on each the RENEC and Solana blockchains, the platform permits customers to reap the benefits of low-interest charges, below 5% yearly, whereas aiming to maximise earnings via reward airdrop occasions.

For extra info, readers can go to:

• Web site: RENEC Lend Dashboard
• Telegram Group: RENEC Lend Group
• Twitter: Relend Official

ContactRENEC LendRENEC Lendlend@renec.basis

This text was initially printed on Chainwire