Basics

Rena is a community-driven DeFi ecosystem dedicated to innovation, powered by the RENA utility token.

Website: https://rena.finance App: https://app.rena.finance Twitter: https://twitter.com/rena_finance Telegram: https://t.me/RenascentDefi Discord: https://discord.gg/4SgAYYwAzp Medium: https://rena-finance.medium.com/ Old App: v1.rena.finance

Disclaimer: The entire Rena protocol, its smart contracts, website, RENA & ITS utility tokens, rStaking, rBonds and rGov are in ALL in Beta, and are highly experimental. The contracts are audited, however please understand the risks and use this product accordingly. Use at own risk and Rena is delivered "as-is" with no warrants or guarantees.

Introduction to Rena

Rena is a decentralized finance (DeFi) protocol governed by its community. Its unique reward mechanism for rStaking participants is directly tied to the volume of the rBond Marketplace. When users purchase tokens (often at a discount) via the rBond Marketplace, it not only generates revenue for Rena's Decentralized Autonomous Organization (DAO) but also contributes to rStaking rewards with the marketplace volume. This creates a self-sustaining ecosystem, where increased marketplace activity fuels higher rewards, thereby incentivizing participation. The DAO aims to utilize revenue to further develop web3-based products that add value to the Rena ecosystem and community.

Vision for Rena

A scalable, trustless and resilient DeFi protocol managed through decentralized on-chain governance, via the Rena DAO which is mandated to innovate in the DeFi space for the betterment of its community and DeFi on a global scale.

Rena prioritizes ecosystem growth through research and development of new DeFi revenue streams, as well as by fostering strong relationships with key strategic partners in the space.

The DAO's policy goals are to optimize the governance model continually to further maximize transparency, participation, scalability and decentralization. By fostering a decentralized environment, the DAO taps into the collective expertise and curiosity of its community and outside players across the DeFi landscape.

The Parts of Rena

RENA & ITS Tokens—Both are non-inflationary utility tokens with a 1% transaction tax. (Note: The 1% transaction tax for RENA Token is sent to the rBalancer.)

rBond Marketplace—An interface offering dynamic, self-adjusting discounted tokens via rBonds.

rStaking—RENA tokens can be staked to earn participatory rewards from the rBond Marketplace.

rGov—ITS tokens can be staked to mint rGov, the non-transferrable governance token for the Rena DAO.

rBalancer—A function that is periodically called, triggering the reset of rBond target discounts and distribution of rBond Marketplace rewards and RENA transaction taxes to rStakers and the Rena DAO treasury.