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Renzo is the 53th Project on #BinanceLaunchpool
Renzo Protocol is a liquid staking platform and EigenLayer strategy manager. It enables users to stake their ETH in exchange for staking and restaking APR, as well as ezETH LST that can be used in various DeFi applications to earn additional rewards. It is powered by the native Renzo token ($REZ), which will be used for participating in the platformโs governance voting.
To participate in the $REZ IEO on Binance, you need to have a registered account and complete KYC verification on Binance. Then, you should acquire some BNB or FDUSD tokens on your Binance account, visit the launchpool page, pick a Renzo IEO page, and stake those tokens.
On an hourly basis, you will receive rewards proportional to your share in the FDUSD and BNB staking pools, while the total rewards for each staking pool are:
212,500,000 $REZ for BNB staking pool (85% of total rewards);
37,500,000 $REZ for FDUSD staking pool (15% of total rewards).
๐ฅPRO TIP 1: While the rewards for the BNB staking pool are much higher than for FDUSD, consider that the FDUSD pool usually has much less value locked. This means that your share in the FDUSD pool might be significantly higher than in the BNB pool, leading to higher rewards.
๐ฅPRO TIP 2: Staking your $BNB also gives very good benefits cause you are enrolled also in Binance Megadrop Program where you can earn another free tokens!
IMPORTANT RECENT UPDATES FROM RENZO
๐ฅWith the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
๐ฅHalbornSecurity, a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
๐ฅSigma Prime a new audit partner is scheduled to be complete by the end of May
๐ฅCode4rena audit contest is scheduled to begin the first week of May.
๐ Around 3 days to go for Farming Folks, don't wait for the last moment! Just stake your BNB or FDUSD here:
https://launchpad.binance.com/en
#RENZOLAUNCHPOOL
Renzo Protocol is a liquid staking platform and EigenLayer strategy manager. It enables users to stake their ETH in exchange for staking and restaking APR, as well as ezETH LST that can be used in various DeFi applications to earn additional rewards. It is powered by the native Renzo token ($REZ), which will be used for participating in the platformโs governance voting.
To participate in the $REZ IEO on Binance, you need to have a registered account and complete KYC verification on Binance. Then, you should acquire some BNB or FDUSD tokens on your Binance account, visit the launchpool page, pick a Renzo IEO page, and stake those tokens.
On an hourly basis, you will receive rewards proportional to your share in the FDUSD and BNB staking pools, while the total rewards for each staking pool are:
212,500,000 $REZ for BNB staking pool (85% of total rewards);
37,500,000 $REZ for FDUSD staking pool (15% of total rewards).
๐ฅPRO TIP 1: While the rewards for the BNB staking pool are much higher than for FDUSD, consider that the FDUSD pool usually has much less value locked. This means that your share in the FDUSD pool might be significantly higher than in the BNB pool, leading to higher rewards.
๐ฅPRO TIP 2: Staking your $BNB also gives very good benefits cause you are enrolled also in Binance Megadrop Program where you can earn another free tokens!
IMPORTANT RECENT UPDATES FROM RENZO
๐ฅWith the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
๐ฅHalbornSecurity, a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
๐ฅSigma Prime a new audit partner is scheduled to be complete by the end of May
๐ฅCode4rena audit contest is scheduled to begin the first week of May.
๐ Around 3 days to go for Farming Folks, don't wait for the last moment! Just stake your BNB or FDUSD here:
https://launchpad.binance.com/en
#RENZOLAUNCHPOOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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