#Renzo is now the 12 largest protocol ranked by TVL (total value locked) having more than $3 billion in staked assets.

This project reminds me of etherfi ($3.8 bil in TVL) - same niche of 'liquid restaking' - $3.6 bil in fully diluted marketcap & $420 million marketcap by circulating supply.

REZ Tokenomics:

- Max Token Supply: 10,000,000,000 REZ (10 billion tokens)

- Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)

Judging by Total Value Locked/Staked, REZ sits just below etherfi - $3.19 vs $3.80 billion, 19.1% lower to be more precise.

If we take fully diluted marketcap of etherfi ($3.6 bil) and substract 19.1%, we end up with a potential fully diluted marketcap of REZ of $2.9 bill.

We divide the fully diluted marketcap by total supply and we end up with price: 2.9 bil / 10 bil = 0.29$ / token.