RENEC Lend announces a limited-time airdrop event for Chainwire's Relend (REL) token

Vietnam, Vietnam, September 24, 2024, Chainwire

RENEC loana decentralized finance (DeFi) platform backed by the RENEC Foundation, is pleased to announce a limited time airdrop event for its native token, Relend Token (REL)As expected REL Listing in and RENEC decentralized exchanges (DEX) As the end of September approaches, this airdrop offers an opportunity for users to accumulate REL tokens before they are available to the public.

What is RENEC Lend?

RENEC loan is an innovative DeFi platform that provides Supply/loan of services for tokens and fiat, backed by the RENEC and Solana BlockchainsThe platform aims to provide users with low interest rates for loans starting at 5% per year, eliminating the need for traditional financial procedures.

Relend Token (REL) REL is the platform’s native token, designed to grant holders a variety of benefits, including governance, staking, and liquidity provision. REL is gaining attention within the DeFi community as it prepares for DEX listing.

Key Features of Relend Token (REL)

As the quote approaches, REL Headlines You will get access to several valuable features:

Governance and Protocol Updates:REL holders can participate in decisions related to protocol upgrades and fee adjustments. By staking a specific amount of REL, users can propose and influence changes within the ecosystem.
Stake:Holders have the opportunity to stake REL on the RENEC Lend platform.
Provision of liquidityBy providing liquidity to REL pools on DEXs, holders can attempt to earn rewards from pool fees.
Discounted loan rates:REL holders are eligible for reduced loan fees and lower interest rates.
Exclusive programs:REL holders will have 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 in Solarium and RENEC DEX.
October 2024:Launching governance features, allowing REL holders to participate in platform upgrades and fee adjustments.
Discounts on loan fees:REL holders can benefit from reduced borrowing fees and interest rates, optimizing their experience on the platform.

Relend (REL) Token Airdrop

Of From September 23 to October 7, 2024 (UTC)RENEC Lend is offering a limited-time airdrop event, where users have the chance to win a APY from 30% to 60% by supplying SOL, USDTeither US DollarThis event offers participants the opportunity to accumulate REL tokens before they are available to the public

Reward details:

60 REL For every 1 USDT supplied during a year (APY up to 60%).
60 REL For every 1 USDC supplied during a year (APY up to 60%).
30 REL For every 1 SOL supplied during a year (APY up to 30%).

Benefits of participation:

Daily Rewards:Participants can earn interest on their USDT/USDC/SOL supplies, with additional REL tokens that accumulate daily.
No supply limitsThere is no limit to the amount participants can supply, and higher supply can yield higher rewards.
Instant Flexibility:Users can withdraw their USDT/USDC/SOL and accumulated REL rewards at any time.

How to participate:

Users can visit the RENEC Loan Panel and connect their Solana Wallet.

Supply USDT, USDCeither SUN.

Users’ REL rewards will be calculated and credited instantly, with real-time tracking available.

Limited Airdrop Pool (NASDAQ:)The total number of prizes available is limited and the event may end early if all rewards are claimed. Participants have the option to purchase REL tokens before the token is available to the public.

Post-supply benefits:After providing tokens, participants also have the opportunity to borrow additional tokens as USDT either BNB with a loan-to-value (LTV) ratio of up to 75%. With Loan interest rates as low as 5% per year and requires no financial verification, the platform offers flexible lending options, perfect for long-term needs.

Maintaining REL before listing

Purchasing REL before it is available to the public can allow users to interact with the token early and participate in the platform’s ecosystem before it is publicly listed.

About RENEC Lend

RENEC Lend is a decentralized finance (DeFi) platform that offers token and fiat currency supply and lending services. Backed by the RENEC Foundation and operating on the RENEC and Solana blockchains, the platform allows users to take advantage of low interest rates below 5% per annum while attempting to maximize profits through prize-giving events.

For more information, readers can visit: