Introduction to Renzo (REZ) Renzo is a decentralized finance (DeFi) protocol founded byย James Pooleย andย Lucas Kozinski. It brings a simplified approach to restaking onย EigenLayer, offering users a more accessible and liquid method to engage with the process. As an innovative liquid restaking token (LRT) and strategy manager, Renzo aims to enhance the DeFi experience for crypto enthusiasts.
Binance Launchpool and Renzo Binanceโs Launchpool provides users with opportunities to participate in early-stage projects and earn rewards through staking. Renzoโs inclusion in the Launchpool underscores Binanceโs commitment to fostering innovation and supporting promising blockchain projects within its ecosystem. Staking with FDUSD and BNB Starting fromย Wednesday, April 24, users can farm Renzoโs native crypto, known asย REZ, by staking theirย BNBย andย FDUSDย holdings into separate pools. Renzo has allocated approximatelyย 2.5%ย of its token supply for this event, which will run forย six daysย untilย April 29 at 23:59 UTC. 15% of total reward is allocated for $FDUSD Staking and 85% of total reward is allocated for $BNB Staking. Megadrops on Binance Binance Megadropย is an exciting initiative that combinesย Binance Simple Earnย and theย Binance Web3 Wallet, revolutionizing the airdrop experience for users. Hereโs what you need to know: What is Binance Megadrop?Binance Megadrop serves as aย token launch platform.It providesย early accessย to selectย Web3 projectsย before they are officially listed on Binance.Users can participate in Megadrop to receive rewards from these projects.How Does It Work?Lock BNB: Users can subscribe their BNB toย Locked Productsย in Binance Simple Earn.Web3 Quests: Users complete tasks within theirย Binance Web3 Walletย to boost their airdrop rewards.Rewards: Users receive new token rewards proportional to their accumulated score. $BNB Staking on Binance Launchpool Project Selection:Binance periodically introduces new projects on Launchpool.Users can stake their BNB into specific pools associated with these projects.Each project has its unique token (e.g., Saga, Bella Protocol, Flamingo).Staking Process:Visit the Binance Launchpool page.Explore the available staking options for the current project.For instance, as the project isย RENZO (rez), youโll find options likeย โStake BNBโย andย โStake FDUSDโ.Clickย โStake Nowโย to participate.