$ R - Relend Token

The path to decentralization.

The $R token will play a pivotal role in the future of Relend Network, designed to drive the platform towards decentralization while unlocking a range of utilities and incentives for its users.

As the network evolves, $R will serve as a key component in driving decentralization. Relend Network envisions a progressive transition towards a community-led protocol, with the following future milestones:

• Token Distribution: Early participants may have opportunities to acquire $R tokens through various initiatives, helping to establish an active and engaged community.

• Decentralized Governance: Over time, the governance structure will likely transition to a decentralized model, enabling token holders to have a greater say in the protocol’s direction.

• Staking: Staking mechanisms are expected to provide an additional layer of network security and governance participation, incentivizing long-term engagement. Stakers will accrue a % of the interest rate earned through rUSDC lending.

• Ongoing Decentralization: The platform intends to gradually shift more control from its founding team to the community, with the DAO model eventually becoming the cornerstone of decision-making and risk management for new and existing rUSDC instances.

Note: The token model is subject to change based on current and future tokenomic trends and best practices.