NEXT GEM COIN IN BINANCE 🔥
📢What is Renzo ?
⛔Renzo is a liquid restaking protocol that aims to provide an easy-to-use interface to the EigenLayer ecosystem. Renzo can be used by ETH holders to earn higher yields compared to simply staking ETH. Users can deposit ETH or liquid staking tokens (for example Lido's stETH) to receive an equivalent amount of ezETH tokens.
⛔ezETH is a reward-bearing token that reflects the rewards earned from decentralized services that use EigenLayer for economic security (in addition to the underlying rewards earned from ETH staking). In the EigenLayer ecosystem, these decentralized services are known as AVS (actively validated services). The Renzo protocol uses smart contracts and operator nodes to automatically identify the restaking strategy with the best risk-to-reward ratio on behalf of its users.
⛔The Renzo protocol also has a utility and governance token called REZ. This is the token that users will be able to earn on Binance Launchpool. The total supply of REZ is 10 billion tokens. Here is the planned REZ token distribution:
👉Investors & Advisors: 31.56%
👉DAO Treasury: 20%
👉Team: 20%
👉Foundation: 13.44%
👉Airdrop: 10%
👉Liquidity: 2.5%
👉Binance Launchpool: 2.5%
YOU CAN EARN Free REZ TOKENS BY #BinanceLaunchpool
