Binance has just announced the addition of Renzo Protocol (REZ) as the latest project on their Binance Launchpool platform! This is your chance to earn REZ tokens by staking BNB or FDUSD. Here's what you need to know:
What is Renzo Protocol (REZ)?
Renzo is a liquid restaking protocol that simplifies the process of earning higher yields on your ETH holdings. By depositing ETH or liquid staking tokens, you receive ezETH tokens, which reflect rewards from decentralized services using EigenLayer for economic security.
How to Participate?
Stake BNB or FDUSD: You can stake your BNB or FDUSD stablecoin to earn REZ tokens.
Duration: The staking period is from April 24 (00:00 UTC) to April 29 (23:59 UTC).
Withdraw Anytime: You have the flexibility to withdraw the coins you've staked at any time and keep the REZ token rewards.
Token Distribution
Total Supply: 10 billion REZ tokens.
Launchpool Allocation: 2.5% of the total supply, which is 250 million REZ tokens.
Distribution: 85% to BNB stakers and 15% to FDUSD staking pool.
Trading Pairs
Starting April 30 at 12:00 UTC, REZ will be available for trading on Binance in pairs against BTC, USDT, BNB, FDUSD, and TRY.
Seed Tag
Binance will list REZ with the "Seed Tag" to indicate that it's an early-stage project with potential for higher volatility and risk.
Don't miss out on this opportunity to be part of the Renzo Protocol's journey and earn REZ tokens through Binance Launchpool! Remember, always do your own research and invest wisely.
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