(04-26 19:42) Supplement: 2 token model updates, mining data updates, expected coin price revisions. Correction: 4 token model diagrams.
Let’s simply calculate the expected return of this #Launchpool #新币挖矿 #Renzo participation using $FDUSD and $BNB .
FDUSD current circulation: 4.412 billion (04-25 20:00)
3.822 billion (04-23 23:00)
Replenish:
I just read Renzo's official Twitter and saw that the first round of airdrops was collected on 05-02, which means that the circulation volume was only 5.5% a few days before the exchange went online, which is conducive to market makers. The subsequent airdrop big holders will also lock up half of their positions and release them linearly. Although Whales OTC trading data is available, there is no trading volume (there are tens of thousands of US dollars), and the current average price is about $ 0.31.Renzo’s official Twitter account has important news, updating the token model: the initial circulation has been changed to 1,150,000,000 (1.15 billion), the market maker only has 1.5%, the first phase of the airdrop share has been increased to 7%, and the airdrop collection time has been changed to one hour before the Binance trading time.
Since #Megadrop is expected to have a large number of listings (I estimate that if the liquidity is not bad, there should be at least 2-3 times a month). BNB is currently a very safe token that can kill three birds with one stone (regular income + Launchpool + Megadrop). It is estimated that more and more BNB will flow back to the exchange, and the total amount of Launchpool BNB pool deposits will increase in the future. If you buy, please pay attention to the volatility risk.
The BNB users have in the “BNB Revenue Pool” and “BNB Regular Products” will automatically participate in this Launchpool.
Briefly explain the project: Renzo is the strategy manager of EigenLayer, belonging to the LRT (Liquid Restaking Token) track. Simply put: using the EigenLayer protocol, re-staking the ETH deposited by users to obtain higher returns than native ETH staking (native staking or other rewards + first-level re-staking rewards including project parties and airdrop rewards (refer to the airdrop model of the cosmos community, and then switch to EigenLayer, the project that has sent airdrops to EigenLayer: OMNI)). The function of the project feels very simple, and I personally feel that it does not have much potential.
At present, some projects have used EigenLayer components for services (such as: eoracle, AltLayer, Omni network, etc.), but because there are so many projects in this field, the future will be very competitive. Currently, there are more than 4.7 million ETH staked on EigenLayer.
If you read the project white paper specifically, you may have some misunderstandings. If there are any mistakes, please feel free to correct me.
Purpose of the REZ token: governance.
The current market capitalization of ETHFI, the leader in the same field, is about $450 million. The overall market is not very good at present. The circulation ratio of market making is unexpectedly the same as Launchpool at 2.5%.
(May be underestimated by me) Finally, assuming that the circulating market value after listing is about $250 million, the expected coin price is about $0.217 and the total circulating market value is about $2.17 billion.
(Please note: This mining will last for 6 days! From 08:00 on April 24, 2024 to 07:59 on April 30, 2024, Beijing time)
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FDUSD pool daily output: 6,250,000 (6.25 million) REZ
Number of tokens deposited in the FDUSD pool: 3.56 billion.
Deposit 1000 FDUSD, you can get: (1000 / 3,560,000,000) * 6,250,000 = 1.755 REZ per day
The expected daily return per 1000 FDUSD is: 1.755 * 0.217 = 0.38 $
The expected annualized rate of return of the FDUSD prize pool is: (0.38 / 1000) * 365 = 13.87%
The expected return on capital of the FDUSD pool is: (0.38 * 6) / 1000 = 0.228%
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BNB pool daily output: 35,416,666.67 (35 million) REZ
Number of tokens deposited into the BNB pool: 18.5 million.
Deposit 1 BNB, get: (1 / 18,500,000) * 35,416,666.67 = 1.914 REZ per day
The estimated daily income per 1 BNB is: 1.914 * 0.217 = 0.415 $
BNB is calculated based on a reference price of $600
The expected annualized rate of return of the BNB reward pool is: (0.415 / 600) * 365 = 25.24%
The expected return on capital of the BNB prize pool is: (0.415 * 6) / 600 = 0.415 %
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Trading opening time: Beijing time 2024-04-30 20:00
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Calculate the interest costs incurred during the pledge process and the asset impairment caused by exchange rate fluctuations that may occur after or even before the end of the activity
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Total quantity: 10,00,000,000 REZ (10 billion).
Initial circulation is 11.5%, 1,150,000,000 (1.15 billion). Among them, Binance Launchpool accounts for 2.5% of the total, 250,000,000 (250 million); market makers account for 1.5%; airdrops account for 7%, and the foundation accounts for 0.5%. The token issuance schedule model in the attached figure is still inaccurate (the proportion is wrong), and it is estimated that the research report will not be updated.
Reference data sources for this article
https://mirror.xyz/renzoprotocol.eth/gwO9wyZoOTg79yUw1hnS6q_eJGvfCj1CkmQFa8z32zU
Tutorial on how to participate in Launchpool
The data is for reference only, please refer to the actual data!
