Another Restaking project launched on the market, this time it is the Renzo Protocol project.
Backed by Binance Labs, the project promises to make the Restaking trend extremely hot.
So what are the project details? Is it worth investing?
Refer to the article below!
Launchpool ends at 7:00 April 30, you should join now to farm $EZ!
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Video instructions for joining Launchpool for newbies from A-Z: https://x.com/NickyPham_HC/status/1774760727687164107?s=20
Binance users can lock BNB, FDUSD to farm EZ starting from 07:00 AM on April 24, 2024 (VN time) and ending in 6 days.
Binance will then list EZ at 7:00 p.m. on April 30 (Vietnam time).
What is Renzo?
Renzo is an LRT array project on EigenLayer.
This protocol enables easy collaboration between end users and Node Operators on EigenLayer. The project also provides Restaking service to maximize profits for investors.
Recently, Renzo also announced the launch of the $REZ token on Binance Launchpool.
Renzo's operating model
Renzo acts as an interface on EigenLayer by securing AVSs and providing higher yields compared to trading ETH.
The protocol is built to be the main gateway for relaying in and out of Ethereum for Restaking, and combines smart contracts and operating nodes to protect the best Restaking strategy.
Instead of Restaking to Eigenlayer to receive EigenLayer Points, when using Renzo, users can still Retake via EigenLayer but receive ezETH thereby helping to increase liquidity and avoid burying capital.
This app allows users to deposit native ETH, wBETH or stETH (LST) into EigenLayer. Renzo operates a distributed Ethereum validation infrastructure powered by Figment, http://P2P.org and Luganodes to enable unlimited participation on Eigenlayer. Thanks to that, users can earn ezPoints from Restaking.
For every LST or ETH deposited into Renzo, it will generate an equivalent amount of ezETH.
Information about tokens
Token Metrics
Token name: Renzo Token
Ticker: REZ
Blockchain: Ethereum
Token Standard: ERC-20
Contract: Updating…
Token Type: Governance, Utility
Total Supply: 10,000,000,000 REZ
Circulating Supply: 1,050,000,000 REZ (10.50% of total supply)
Token Allocation:
Binance Launchpool: 2.50%
Airdrop: 10.00%
Investors & Advisors: 31.56%
Team: 20%
Foundation: 13.44%
DAO Treasury: 20.00%
Liquidity: 2.50%
$EZ token payout schedule
Token utility
$REZ is the utility and governance token for the protocol, it will be used to vote on governance proposals on issues related to the Renzo protocol, including a number of measures important to its operations. protocol dynamics.
Investors & Partners
Investors
Renzo Protocol was invested in 2 rounds, with Binance Labs notably investing in February 2024.
At the first capital call, the project also raised up to $3.2M from MAVEN11, Figment, SevenX Ventures and IOSG Ventures.