The post RENEC Lend Announces Limited-Time Airdrop Event for Relend Token (REL) appeared on BitcoinEthereumNews.com.

[PRESS RELEASE – Vietnam, Vietnam, September 24th, 2024] RENEC Lend, a decentralized finance (DeFi) platform backed by the RENEC Foundation, is excited to announce a limited-time airdrop event for its native token, Relend Token (REL). As the anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) approaches by the end of September, this airdrop offers an opportunity for users to accumulate REL tokens before they become available to the public. What is RENEC Lend? RENEC Lend is an innovative DeFi platform that provides supply/borrow services for tokens and fiat, supported by the RENEC and Solana blockchains. The platform aims to provide users with low borrowing interest rates starting at 5% per year, eliminating the need for traditional financial procedures. Relend Token (REL) is the native token of the platform, designed to empower holders with a variety of benefits, including governance, staking, and liquidity provision. REL is gaining attention within the DeFi community as it prepares for 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: REL holders can participate in decisions regarding protocol upgrades and fee adjustments. By staking a specified amount of REL, users can propose and influence changes within the ecosystem. Staking: Holders have the opportunity to stake REL on the RENEC Lend platform. Liquidity Provision: By supplying liquidity to REL pools on DEXs, holders can try to earn rewards from pool fees. Discounted Borrowing Fees: REL holders are eligible for reduced borrowing 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 on Solana and RENEC DEXs. October 2024:…

---

Filed under: News - @ September 24, 2024 5:22 am