Finally @RenzoProtocol is also launched on @binance

Some time ago I deposited 0.2 ETH on several protocols for a potential airdrop, including Renzo and I am glad to see that they will also offer an incentive for those who did this.

What is @RenzoProtocol?

@RenzoProtocol is a liquid restaking protocol for $ETH

It is currently ranked 11th just above Binance Stake ETH and immediately below Ether.fi

On January 1, 2024, the protocol had a TVL of just under 10 million.

Now it is at almost 3.5 BILLION

So that you have some degree of comparison.

ENA with their protocol is in 13th place, 2 places below @RenzoProtocol in terms of TVL.

It's the kind of project that will hold on to the airdrop and I have no intention of selling it, and if it drops further, I intend to buy more.

Renzo had 2 financing rounds, one on January 15 at a valuation of 25 million and one in February from @BinanceLabs but it is not known at which valuation

This is also the reason why it is probably listed there

At the listing, @RenzoProtocol will have 10.5% of the supply in circulation

That is, a number of 1.05 billion tokens.

Taking into account the history of the projects that were listed on @binance, I expect it to reach a price of approx. 50 cents upon listing