REZ by Staking BNB and FDUSD
Introducing Renzo (REZ) on Binance Launchpool!
Binance is excited to announce the 53rd project on Binance Launchpool - Renzo (REZ), a liquid restaking protocol. The webpage is estimated to be available in 5 hours, before the Launchpool starts.
Users will be able to stake their BNB and FDUSD into separate pools to farm REZ tokens over six days, with farming starting from 2024-04-24 00:00 (UTC).
Listing
Binance will then list REZ at 2024-04-30 12:00 (UTC) and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading pairs. The Seed Tag will be applied to REZ.
REZ Launchpool Details:
Token Name: Renzo (REZ)
Max Token Supply: 10,000,000,000 REZ
Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)
Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)
Smart Contract Details: Ethereum
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The protocol abstracts all complexity from the end-user and enables easy collaboration between them and EigenLayer node operators.
Renzo strongly advocates for EigenLayer and its goal of facilitating permissionless innovation on Ethereum, and programmatically acquiring trust for the ecosystem. Renzo is built to promote the widespread adoption of Eigenlayer.