💥Food post: 6 "most" things about Renzo's listing on Binance

The biggest hot spot these days is Renzo's listing on Binance, which has attracted a lot of attention and has a lot of ups and downs.

As the second leader in the LRT track, Renzo is a liquidity re-staking protocol based on EigenLayer. By introducing the derivative token ezETH, it effectively releases the liquidity of re-staking ETH. At the same time, it uses algorithms to balance returns and risks in real time, automatically making the best configuration choices for users, and ensuring stable and considerable investment returns.

Renzo launched its mainnet in October last year. The current TVL exceeds US$3 billion. There are two known rounds of financing:

· In January this year, Renzo completed a seed round of financing of US$3.2 million with a valuation of US$25 million, led by Maven11, and participated by OKX, IOSG, SevenX, etc.

· In February this year, Binance Labs announced an investment in Renzo, and the specific amount was not disclosed.

The total amount of the official token $REZ is 10 billion, with an initial circulation of 1.05 billion, of which 2.5% is allocated to Binance Lanchpool, allowing users to mine by staking BNB or FDUSD until April 30, portal: https://launchpad.binance.com/zh-CN/

Renzo's valuation can be directly benchmarked against ether.fi, because the two have comparable TVLs, similar initial circulations, and both are first launched on Binance Lanchpool.

According to the calculation of the Daily Planet, based on the real-time price of ETHFI of $3.9, the corresponding $REZ price calculated with the same FDV is $0.39, and the weighted FDV difference is $0.34; the corresponding $REZ price calculated with the same MC is $0.43, and the weighted FDV difference is $0.37.

On the eve of Binance's launch of Renzo, let's take stock of the six "most" belonging to Renzo.

1. The fastest growing LRT protocol

Renzo officially launched its product on December 18 last year, and in the following 13 weeks, it received over $2 billion in TVL, becoming the fastest growing liquid re-staking protocol + top EigenLayer ecological project.

According to Deflama statistics, Renzo's current TVL is 3.25 billion, ranking second in the LST track for a long time, second only to ether.fi (current TVL 3.845 billion).

Judging from the TVL alone, Renzo is indeed strong enough to be listed on Binance.

2. The most likely Binance new project

Renzo received Binance investment, and the first launch of Lanchpool was a high probability event. This speculation was almost 100% verified when Binance announced the launch of $ETHI.

The reason is simple. Ether.fi is the leader in the LRT track. It was able to be launched on Binance without Binance investment, which sent an important signal: Binance is long on this track and has started the listing trend of LRT head projects.

In terms of TVL, Renzo and Puffer are following ether.fi closely. Both of them have received investment from Binance, and it is only a matter of time before they are listed on Binance.

3. The fastest token code change

Renzo's original token code was $EZ, but there was another project in the market that used EZ as the token code, which caused confusion in the community.

A few hours after the Binance mining announcement was released, it was decided to update Renzo's token code from "EZ" to "REZ" after consultation with the Renzo team.

Through this episode, we can't help but worry about @zksync: $ZK and $ZKS have been taken away by others, what is your token called?

4. The most dramatic depegging

On April 24, Renzo announced the token model, which caused dissatisfaction in the community because the distribution plan was too centralized and the airdrop collection time was later than the Binance opening.

This move not only triggered a community siege, but also caused a large amount of selling pressure on ezETH, and the short-term depegging fell to $688. During this period, a whale purchased 2,499 ezETH with 2,400 ETH, making a net profit of 99 ETH.

5. The team that listens to the community the most

On April 25, after extensively listening to the community's opinions, the Renzo team modified the token economics, increasing the total community token allocation from 30% to 32%, and the airdrop share from 10% to 12% (the total supply in the first quarter increased from 5% to 7%, and the additional 2% was borne by liquidity and the foundation), and the claim date was changed to 1 hour before Binance opened.

In addition, the minimum qualification for each wallet airdrop is 360 ezPoints, and most airdrop addresses can be fully unlocked after TGE. Wallets with more than 500,000 ezPoints will unlock 50% at TGE, and the rest will be unlocked linearly within 3 months.

Soon, the community's evaluation of Renzo reversed in two levels. It has to be said that the Renzo team is a model of listening to advice the most. Compared with some projects that insist on their own way and ignore the voice of the community, the pattern is N times larger.

6. The most worthwhile project to ambush after Renzo

Renzo is listed, bouncebit has also been officially announced, Babylon is too early, and the only Binance-based staking projects that can be heavily invested in are Puffer and StakeStone.

I have participated in both projects, but Puffer is too competitive and has stopped adding positions. It is estimated that it is not far from the top. If you don’t have a large amount of funds, it is not recommended for new users to enter the market at this time.

As for StakeStone, the TVL is only more than 600 million, and the cost-effectiveness may be the highest.I have been buying multiple accounts recently, starting from 0.25E for each account, so I can kill five birds with one stone, and I can also buy the unissued coins Scroll and L0.

#binancepool #Renzo #新币挖矿 #内容挖矿 #空投大毛