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Render Network

Foundation



Upgrade RNDR to RENDER

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Render Network

Foundation



Upgrade RNDR to RENDER

GPU Onboarding

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Render Network

Foundation



Upgrade RNDR to RENDER

GPU Onboarding

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Blog

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Upgrade RNDR to RENDER

Connect Wallet

The Render Network Foundation facilitates the governance of the project. Two big
votes passed in 2023 impacting the future of the Render Network. In RNP-002 the
community voted to move to Solana to power the network as the Layer 1
infrastructure. RNP-006 the community voted on incentives for the community to
upgrade their RNDR to RENDER.� 

Cloud-rendered by

Vaveili

The Upgrade Tool From RNDR to RENDER

The Render Network was launched in 2017 as an Ethereum (ETH) project, and
changed over to a Solana (SOL) project in 2023 after a community vote. The
Solana switch was proposed for faster transactions, cheaper fees, and the needs
of the project to achieve more ambitious goals with more on chain data and
transactions.

As of November 2nd, 2023 RENDER, a new SPL token, is live and users can choose
to Upgrade.





INCENTIVES TO UPGRADE

In RNP-006, the community voted on incentives for users choosing to upgrade RNDR
to RENDER. 1.14 million RENDER was set aside for those that upgrade. The
earliest users that upgrade will be awarded a share of the 1.14M RNDR based on a
points system, broken down in cohorts of 40M until 220M. This will be paid out
every month to the original upgrading RENDER address, starting with November and
lasting until October of 2024. Users in the first 40M RENDER cohort will receive
5 points per RENDER, users in the 40-80M cohort will receive 4 points per
RENDER, users in the 80-140M cohort will receive 3 points per RENDER, users in
the 140-180M cohort will receive 2 points per RENDER, 180M-230M cohort will
receive 1 points per RENDER, and users upgrading after 230M will not receive any
incentives.

Example: If 10,000,000 RNDR have been upgraded in month one, a wallet holder of
100,000 RENDER will receive 100,000 x 5 points = 500,000 points. 500,000 points
divided by 50 million total points x 95,071 RENDER = 950.71 RENDER paid to that
wallet at the end of month one. In month two, when more RNDR have been upgraded,
the total points allocated will be higher and this wallet will receive a smaller
proportion, and so on. This will go on for 12 months.

Note for clarity: the Foundation will upgrade RNDR to RENDER in order to fund
upgrade incentives until the BME model is launched, and will opt out of
incentives.


GAS AND UPGRADE FEES

This offer has expired as of January 31, 2024. The Render Foundation covered
upgrade gas fees for every ETH wallet, captured as of Oct 30, 2023, that has
$RNDR tokens, for the first 90 days of the Upgrade. Wednesday, January 31, 2024
was the last day gas fees were eligible for reimbursement.





HOW TO UPGRADE

A step by step guide can be found at Using the Solana Upgrade Assistance Tool.

The Upgrade Tool can be found at https://upgrade.rendernetwork.com

Please double check the URL and be aware that scammers are sharing similar
looking URLs.



CENTRAL EXCHANGE UPGRADE OPTIONS

If I hold onto RNDR on a Central Exchange (CEX like Binance, Coinbase, or
Crypto.com) how do I upgrade?

That depends on the Exchange. Every one will be different. Please check with
where you hold your RNDR to see what their plan is. Here is an example of how a
few exchanges handled it:

 * Coinbase announced support of RENDER, but did not upgrade users.

 * Binance upgraded all users from RNDR to RENDER automatically.

 * OKX is upgrading all users from RNDR to RENDER automatically.

 * Kraken is upgrading all users from RNDR to RENDER automatically.

 * HTX is upgrading all users from RNDR to RENDER automatically.

 * MEXC is upgrading all users from RNDR to RENDER automatically.

 * Crypto.com is upgrading all users from RNDR to RENDER automatically.



THE UPGRADE TUTORIAL

As voted on by the Render Network community in RNP-002, the Render Network will
be building out an expansion onto the Solana Blockchain. This guide will cover
what you need to know to continue to use the Render Network without a hitch as
it expands and grows in the coming months.

One of the most important changes for the everyday user is that Metamask wallets
are not supported on the Solana Blockchain, so Node Operators will need to setup
Solana compatible wallets in order to continue receiving tokens in exchange for
rendering work.

A full Wallet Tutorial is here.





UPGRADE TIMING AND HISTORY

The Upgrade tool launched November 1st, 2023. The following are the dates of the
epoch (we are defining 30 days as a month). Users upgrading in an Epoch will see
their rewards paid out in the following days after the end of that epoch. In the
first few epochs some users saw combined rewards, resulting in just one
transaction for two epochs. Users should expect one payment per epoch after
their upgrade epoch.

Epoch 1: Nov 1 - 26th, 2023

94872.36 RENDER distributed between 18474635.47 RENDER that had been upgraded,
all in the 5 point tier. 1000 RENDER upgraded would have resulted in 5.14 RENDER
as a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
94872.36/18474635.47*1000. Or multiply your upgraded total by ~0.0051.

The epoch ended early to get with the rest of the BME schedule.

Epoch 2: Nov 26th - Dec 19th

94864.22 RENDER distributed between 20801781.6 RENDER that had been upgraded,
all in the 5 point tier. 1000 RENDER upgraded would have resulted in 4.56 RENDER
as a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
94864.22/20801781.6*1000. Or multiply your upgraded total by ~0.0045.

The epoch ended early to get with the rest of the BME schedule.

Epoch 3: December 19- January 18, 2024

91244 RENDER distributed between 23,375,525 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 3.9 RENDER as a
upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
91244/23375525*1000. Or multiply your upgraded total by ~0.004.

Epoch 4: January 18- February 17

92,071 RENDER distributed between 25,725,392 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 3.57 RENDER as
a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
92071/25725392*1000. Or multiply your upgraded total by ~0.00357.

Epoch 5: Feb 17-March 18, 2024

92,071 RENDER distributed between 29,412,245 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 3.13 RENDER as
a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
92071/29412245*1000. Or multiply your upgraded total by ~0.00313.

Epoch 6: March 18- April 23, 2024

91,583 RENDER distributed between 29,885,522 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 3.08 RENDER as
a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
91583/29885522*1000. Or multiply your upgraded total by ~0.00306.

Epoch 7: April 23- May 23, 2024

90,953 RENDER distributed between 30,955,497 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 2.94 RENDER as
a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
90953/30955497*1000. Or multiply your upgraded total by ~0.00294.

Epoch 8: May 23- June 23, 2024

91,268 RENDER distributed between 31,131,288 RENDER that had been upgraded, all
in the 5 point tier. 1000 RENDER upgraded would have resulted in 2.92 RENDER as
a upgrade reward for this month. To calculate this you would divide the total
rewards by the total upgraded and multiply that by the amount you upgraded, or
90953/31131288*1000. Or multiply your upgraded total by ~0.00292.

Epoch 9 June 23 - July 23

91,268 RENDER yet to be distributed.

Epoch 10: July 23 - August 23

91,268 RENDER yet to be distributed.

Epoch 11: August 23 - September 23

91,268 RENDER yet to be distributed.

Epoch 12: September 23 - October 23

91,268 RENDER yet to be distributed.





STILL MORE QUESTIONS?

Where is the FAQ?� 

The Render Network Upgrade Portal FAQ is here.� 


Is there a walkthrough of the process?

Yes, check out Using the Solana Upgrade Assistance Tool.� 

Do I have to upgrade? Can I keep my RNDR?

You don't have to upgrade. You can keep your RNDR, and if you want to upgrade to
RENDER you can do so 1:1 via the Upgrade Tool. The Upgrade Tool can be found at
https://upgrade.rendernetwork.com


How many RNDR have been upgraded to RENDER?

As of July 10, 2024 there have been 32M RNDR upgraded to RENDER. A live view can
be found on Dune.




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© 2024 Render Foundation

Get Involved

Knowledge Base

Github

Tutorials

Network

RNDR to RENDER Upgrade Tool

The Foundation

Team

Jobs

Governance

Whitepaper

Support

Stats

Community

Twitter

Instagram

Telegram

Discord

Facebook

Reddit

Medium

© 2024 Render Foundation