**Vietnam, September 24th, 2024, Chainwire**
RENEC Lend, a decentralized finance (DeFi) platform supported by the RENEC Foundation, is thrilled to announce a limited-time airdrop for its native token, Relend Token (REL). With the anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) approaching at the end of September, this airdrop provides users an opportunity to accumulate REL tokens before public availability.
**What is RENEC Lend?**
RENEC Lend is an innovative DeFi platform that facilitates supply and borrowing services for tokens and fiat, leveraging the RENEC and Solana blockchains. It aims to offer low borrowing interest rates starting at 5% per year, bypassing traditional financial processes.
Relend Token (REL) empowers holders with various benefits, including governance, staking, and liquidity provision. As the DEX listing nears, REL is drawing significant interest within the DeFi community.
**Key Features of Relend Token (REL)**
As the listing date approaches, REL holders will enjoy several advantages:
- **Governance & Protocol Upgrades:** Participate in decisions regarding upgrades and fee adjustments by staking REL.
- **Staking:** Holders can stake REL on the platform.
- **Liquidity Provision:** Earn rewards from pool fees by supplying liquidity to REL pools on DEXs.
- **Discounted Borrowing Fees:** REL holders benefit from reduced fees and lower interest rates.
- **Exclusive Programs:** Access to unique liquidity and referral programs.
Learn more about RELâs 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 for REL holders.
- **Borrowing Fee Discounts:** Reduced fees and interest rates for REL holders.
**Airdrop of Relend Token (REL)**
From September 23 to October 7, 2024 (UTC), RENEC Lend is hosting a limited-time airdrop event. Participants can earn an APY of 30% to 60% by supplying SOL, USDT, or USDC, allowing them to accumulate REL tokens before public trading.
**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, with REL tokens accumulating daily.
- **No Supply Limits:** Unlimited supply potential for higher rewards.
- **Instant Flexibility:** Withdraw USDT/USDC/SOL and REL rewards anytime.
**How to Participate:**
1. Visit the RENEC Lend Dashboard and connect your Solana wallet.
2. Supply USDT, USDC, or SOL.
3. REL rewards will be credited instantly, with real-time tracking.
**Limited Airdrop Pool**
The total airdrop pool is limited, and the event may conclude early if all rewards are claimed. Participants can acquire REL tokens before the public listing.
**Post-Supply Benefits:**
After supplying tokens, participants can borrow additional tokens like USDT or BNB with a loan-to-value (LTV) ratio of up to 75%. With interest rates starting at 5% per year and no financial verification required, the platform offers flexible borrowing options for long-term needs.
**Holding REL Before the Listing**
Acquiring REL before its public availability allows users to engage with the token early and participate in the platformâs ecosystem.
**About RENEC Lend**
RENEC Lend is a decentralized finance (DeFi) platform that provides supply and borrowing services for tokens and fiat. Backed by the RENEC Foundation and operating on the RENEC and Solana blockchains, it aims to offer low-interest rates below 5% annually while maximizing earnings through reward airdrop events.
