Upcoming February Treasury Wallet Movements

One of the core goals of the Render Network Foundation’s formation was to provide more transparency to the community. We are going to use this post to detail Treasury wallet movements which we are expecting this week, and to explain why these movements are occurring.

What is Happening and Why?

You can expect to see a total of 16.7M RNDR being moved this week. When this happens we will update this post to link to these transactions.

These withdrawals comprise of:

• A total of 2.4M of regular monthly RNDR unlocks which will be distributed to various parties.
  UPDATE: Said distributions have begun and can be viewed at the following: 1, 2, and 3.
• A movement of 14.3M RNDR representing the entire balance of RNDR vested, held in escrow, and callable by the parties entitled to receive this RNDR (as described in our recent post about RNDR Distributions and Unlocks). Please note, this RNDR is not being distributed, it is simply being moved to a separate wallet for ease of tracking by us and the community.
  UPDATE: Said movement has been completed and can be viewed here.

What is Next?

We will continue to aim to update the community in advance of any expected Treasury wallet movements here and in our social channels.

About the Render Network Foundation

The Render Network Foundation is a not-for-profit dedicated to maintaining the core Render Network protocol and growing its community. Our foundation facilitates the governance process through the Render Network Proposal (RNP) system. We are also responsible for helping to set the strategic priorities of the network and issuing grants to support them.