🔥 Renzo Protocol Spotlights
$3.3B Total Value Locked
833M EigenLayer Points
33.5% Restaking Market Share
Top 10 DeFi protocol by TVL
7 Networks
250k+ active community members
What is the next for $REZ?
🔹 Firstly, Farming Free $REZ on Binance Launchpool, Don’t miss it👇
https://launchpad.binance.com/en/launchpool/REZ_FDUSD?ref=KCLHB03N
🔹 Secondly, Take a deep dive into LRT & Renzo Ecosystem
A thread: 🧵🔽
#REZLAUNCHPOOL #BinanceLaunchpool #RENZOLAUNCHPOOL
1/ Renzo Protocol Overview
Renzo is built to promote the widespread adoption of Eigenlayer.
It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The protocol abstracts all complexity from the end-user and enables easy collaboration between them and EigenLayer node operators.
2/ $REZ Tokenomics - Price Prediction
$REZ Token Allocation:
Binance Launchpool: 2.50%
Airdrop: 10.00%
Investors & Advisors: 31.56%
Team: 20.00%
Foundation: 13.44%
DAO Treasury: 20.00%
Liquidity: 2.50%
2.1/ $REZ Utility
REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:
General risk management frameworks
Deposit & collateral asset & concentration amounts
Operator whitelisting
Actively Validated Services (AVS) whitelisting
Treasury and community grants
2.2/ Price Prediction
The total supply of $REZ is 10,000,000,000 and the circulating supply upon listing will be 1,050,000,000 (~10.50% of the total token supply.)
🔹 Compared with the most recent EtherFi fundraising, Renzo's seed round valuation of around $25M in Jan 2024 is not too impressive.
🔹However, Renzo TVL reached $3.33B ( EtherFi at $3.82B)
Besides, Renzo supports 7 Networks including ETH - ARB - BNB- MODE - BLAST - Linea - BASE with 250k+ active community members
🔹 $REZ is now OTC traded at 0.12$ on Whales Market with a market cap of $126M, but I think it could reach $0.2 - $0.25 at the listing due to the hype of restaking narrative on Binance.
3/ Key DeFi Integrations
Renzo Protocol has integrated with notable DeFi Dapps including Morpho, Balancer, Curve, Pendle, Gearbox, and Compound.
Besides, Renzo’s ezETH integration with Chainlink allows for new DeFi integrations that require Chainlink price feeds, including Compound Finance.
After reviewing various Oraclere solutions, Renzo integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
High-Quality Data
Secure Node Operators
Decentralized Network
Reputation System
4/ $REZ is Now Live on Binance Launchpool
Binance users and the community can now Earn $REZ by easily staking $FDUSD and $BNB from April 24th to 29th.
85% of $REZ rewards are distributed to the $BNB Pool
15% of $REZ rewards are distributed to the $FDUSD pool
Seize the huge opportunity to earn FREE $REZ now
https://launchpad.binance.com/en/launchpool/REZ_FDUSD?ref=KCLHB03N
5/ How to Earn 2x - 3x ezPoints on DEX LP
For EigenLayer Restaking points, the pool can only accumulate 1 point per hour per ezETH in the pool. This will get redistributed pro-rata to the LPs.
For Renzo ezPoints, LPs receive 2x the value in the pool per hour. The pool will accumulate 2 points per ezETH or wETH per hour held in the pool. This will get redistributed pro-rata to the LPs.
5.1/ 3x ezPoints Boost on selected DEX LP!
Users who supply liquidity between April 20th-27th, 9PM UTC on the following DEXs will receive 3x ezPoints:
• Aura
• Balancer ETH
• Balancer ARB
• Kim Mode
• Nile Linea
• Thruster BLAST
• Juice v3
• Pendle ETH (new pools)
• Pendle BNB (new pools)
Find more pools
https://docs.renzoprotocol.com/docs/integrations/defi