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Render Network Upgrade Portal FAQ
Answers to common questions regarding Solana and the upgrade
The Render Network Foundation is facilitating the upgrade from ETH to SOL for the technical architecture of the Render Network. The Render Network Foundation has put together these frequently asked questions for the community to have clear and official answers. Please be aware of scams and verify all links on official channel.
Yes. The Render Foundation will be covering upgrade gas fees for every ETH wallet, captured as of Oct 30, 2023, that has $RNDR tokens.
Gas fees will be repaid on a weekly basis.
The Render Foundation has collaborated with Otter Security, best-in-class auditors, who have reviewed the bridge code. Ensure you are on the proper URL for your upgrade at all times, as scams can be rampant.
No, you must bridge your tokens back to ETH mainnet to transfer your tokens. Please use the existing Polygon bridge to transfer tokens to mainnet. The Render Foundation will not cover fees for Polygon bridging back to Ethereum.
All jobs on the Render Network (both 3D and AI) will be paid for and paid out in $RENDER. $RNDR credits can be upgraded to $RENDER. Soon, the Render Credits program will be depreciated in favor of new credits used in the Burn-Mint-Equilibrium.
No. All token upgrades are one-way from ETH mainnet to SOL mainnet.
No. Users can select their own desired amount of tokens to upgrade at any given time. Fees will only be covered for the first transfer if users opt to upgrade in multiple transactions.
You can use the Render Network Upgrade Portal at any time, but incentives will only be available for users who upgrade from October 2023 until October 2024.
No. But, the token will no longer be maintained by the Render Foundation and the token will not be able to be used on the Render Network.
Voting and governance will occur with the RENDER holders.
Yes. $RNDR token pairs on centralized exchanges are still live on many exchanges.
No. Trezor does not support SPL tokens.
Any wallet upgrading $RNDR to Solana will be able to participate in upgrade rewards. The incentives for porting your RNDR to $RENDER can be found at https://github.com/rendernetwork/RNPs/blob/main/RNP-006.md#rewards.
Incentives will be paid out to wallet addresses starting in November 2023.
RENDER will eventually be listed on major exchanges, but at the time of launch, it is only on decentralized platforms.
When you upgrade from RNDR to RENDER, your ETH RNDR will be burned in advance of receiving your RENDER transfer. This process should take approximately 15-20 minutes, but may take longer depending on Ethereum congestion and gas fees paid for the transaction.
If you experience times exceeding 1 hour, please reload the page. Your transaction should remain queued up. If you have any issues, please reach out to admins in our Telegram.
As above, try clearing cache/refreshing browser. You can see a walkthrough video tutorial above. If that fails please contact support.
The upgrade assistant will stay open indefinitely.
If you used the upgrade assistant within the specified timeframe, you will be reimbursed for the ETH gas fees from your first upgrade. Should you chose to continue to hold your RENDER, you will continue to qualify for upgrade rewards as outlined in RNP-006.
The contract address for RENDER, (SPL Address) is as follows: rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof
If you used the upgrade assistant within the specified timeframe, you will be reimbursed for the ETH gas fees from your first upgrade. Should you choose to continue to hold your RENDER, you will continue to qualify for upgrade rewards as outlined in RNP-006. If you transfer your RENDER out of the wallet into which it was upgraded, you will not qualify for rewards.
Should you decide to optionally upgrade to RENDER, you will be able to use your Ledger to store your new RENDER as Ledger is compatible with Solana wallets including Phantom (Similar to how you can connect Ledger to Metamask.)
Yes, but participating in emission incentives and upgrade rewards is only possible through upgrading from RNDR to RENDER.
Yes, the redemption value of credits and $RNDR will be replaced.
Exodus wallets are not supported by the upgrade assistant. You will need to transfer your RNDR from your Exodus to a compatible wallet in order to upgrade.
There is no requirement for you to do anything. Should you decide to upgrade to RENDER, you will be able to continue to use your Ledger to store your new RENDER as Ledger is compatible with Solana wallets including Phantom. You can read instructions for setting up your Ledger for Solana compatibility here.
The network does not control whether an exchange decides to list or remove pairs.
The network does not control whether an exchange decides to list or remove a token. $RNDR is an ETH token, $RENDER is a SOL token. RENDER is currently available for swap on decentralized Solana exchanges.
The network does not control whether an exchange decides to list or remove a token. When the network knows more about exchange upgrade plans, we will share across relevant social channels.
Same as above. The network does not control whether an exchange decides to list or remove pairs. RNDR is an ETH token, RENDER is a SOL token. RENDER is currently available for swap on decentralized Solana exchanges.
As of November 9th, 2023, no centralized exchanges have listed $RENDER. We will add information as this changes in the upcoming weeks.
Yes, RENDER is currently available for swap on decentralized Solana exchanges.
The upgrade is not mandatory, however you will need to upgrade within the terms outlined in RNP-006 in order to be able to qualify for rewards incentives. Only holders of RENDER will be able to participate in RENDER liquidity pools.
You will need to hold RENDER to continue to get upgrade rewards.
Yes. Rewards are calculated based off of points and the total amount of tokens transferred.
The incentives are for all community members who comply with the terms outlined in RNP-006. Anyone who upgrades will also have the ability to opt-out of incentives. Whether a community member intends to, or has opted out, is a question for them, not the Foundation.
No, but node operators will need to provide Solana compliant wallets to be paid out in RENDER once the new BME model goes live. The Render Network will institute a process to reach out to Node Operators and coordinate prior to the switch, so nothing needs to be done now.
It's recommended to keep up with Discord, Email, Slack, and socials for any messages regarding necessary actions for the upgrade.
Last modified 18d ago