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Render Network Upgrade Portal FAQ

Answers to common questions regarding Solana and the upgrade
Official RENDER Solana Mint: rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof. Beware of any scams.
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.

Why is Render upgrading to Solana?

Our community voted for the move in RNP-001. Solana was chosen as it is faster, cheaper, and able to handle the broad vision of the Render Network.

How does the upgrade process work?

Step by step instructions can be found at the RENDER Network Upgrade Portal Instructions page.

Are my tokens being burned?

The RENDER Network Upgrade Portal will upgrade (or burn) your $RNDR for $RENDER.

Will the Render Network pay my gas fees?

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.

How do I know this is safe?

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.

Can I upgrade Polygon tokens to Solana directly?

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.

Do I need a Solana wallet?

Yes you do. Full instructions can be found on the RENDER Network Upgrade Portal Instructions page.

How will I pay for Render jobs?

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.

Can I transfer $RENDER back to $RNDR on ETH?

No. All token upgrades are one-way from ETH mainnet to SOL mainnet.

Do I have to upgrade all of my tokens?

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.

What are the incentives?

The incentives for porting your RNDR to $RENDER can be found at https://github.com/rendernetwork/RNPs/blob/main/RNP-006.md#rewards.

How long do I have to upgrade my tokens?

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.

Is the ETH token ($RNDR) going away?

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.

How will voting work?

Voting and governance will occur with the RENDER holders.

Can I still buy and sell $RNDR on centralized exchanges?

Yes. $RNDR token pairs on centralized exchanges are still live on many exchanges.

Will I be able to store $RENDER on my Ledger hardware wallet ?

Yes. Ledger is supported by leading Solana wallets like Phantom, Solflare, and Glow. View the guide for Phantom here.

Will I be able to store $RENDER on my Trezor hardware wallet?

No. Trezor does not support SPL tokens.

How do I qualify for upgrade incentives?

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.

When are the incentives paid out?

Incentives will be paid out to wallet addresses starting in November 2023.

What exchanges is $RENDER listed on?

RENDER will eventually be listed on major exchanges, but at the time of launch, it is only on decentralized platforms.

How long does it take for the ETH $RNDR token to burn to $RENDER?

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.

I connected both wallets, but I don't see anything. What's wrong?

There should be a transfer button and input field. Try clearing your cache, refreshing your page, or disabling browser extensions like AdBlock. Javascript must be enabled for the transfer.
You can see a walkthrough video tutorial here: https://twitter.com/PraveenJandu/status/1720112998923288951

I'm running into a problem burning tokens: After I click transfer, Render Network suggests a gas fee of $0.00 in Metamask. What should I do?

As above, try clearing cache/refreshing browser. You can see a walkthrough video tutorial above. If that fails please contact support.

How long will the upgrade option stay open?

The upgrade assistant will stay open indefinitely.

I purchased RNDR on an exchange prior to the SOL upgrade announcement, and have now transferred it over to SOL. Are there any extra steps I need to do to qualify for reimbursement, since I purchased it prior to the upgrade going live?

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.

How do I verify my RENDER on Solana is correct?

The contract address for RENDER, (SPL Address) is as follows: rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof
You can verify your transaction using SOLscan.

If I did the upgrade to "Solana Wallet A" and then transferred the $RENDER to "Solana Wallet B," will I still be included in the incentives?

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.

If my tokens are on a Ledger on an ERC-20 chain, do I need to do anything?

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.)

Can I just keep my $RNDR and not move it to the Solana chain?

Yes, but participating in emission incentives and upgrade rewards is only possible through upgrading from RNDR to RENDER.

Will redemption value on Credits change with BME, since value is moving to a non-pegged price?

Yes, the redemption value of credits and $RNDR will be replaced.

I hold RNDR and am wondering if I could just send what I have to an exchange and swap out there for the SPL version?

No. Unless your centralized exchange messages otherwise, the only way to upgrade RNDR to RENDER is located at https://upgrade.rendernetwork.com/.

How can I upgrade my RNDR from an Exodus wallet? I don't see that this is possible unless I pay ETH fees to send it to Metamask?

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.

I have my RNDR Tokens on my Ledger, do I need to do something for them?

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.

Will ERC-20 pairs stop trading / liquidity be removed?

The network does not control whether an exchange decides to list or remove pairs.

Is it possible to deposit SOL-RENDER to a centralized exchange?

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.

When will centralized exchanges (Coinbase, Binance, OKEX) release information about upgrade plans?

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.

What happens to tokens held on exchanges?

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.

Do you know if there are exchanges that have already upgraded?

As of November 9th, 2023, no centralized exchanges have listed $RENDER. We will add information as this changes in the upcoming weeks.

Is there any liquidity on Solana for RENDER?

Yes, RENDER is currently available for swap on decentralized Solana exchanges.

Is the upgrade mandatory for holding?

No.

Is the upgrade mandatory for future liquidity providers?

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.

Will we still get the rewards for bridging if we sell our RENDER once bridged?

You will need to hold RENDER to continue to get upgrade rewards.

Is the rewards snapshot based on how much we transferred?

Yes. Rewards are calculated based off of points and the total amount of tokens transferred.

Are there any holder groups excluded from the incentives? For example, the Foundation, Advisors, VCs, etc.?

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.

Is the upgrade compulsory for governance?

Yes.

Do Node Operators need to take any action today?

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.

When do Node Operators need to take action/check email & Slack?

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