Newcoin mining project No. 53 - #REZ mining has started
Don't forget to participate, dear friends
BNB📷 and FDUSD holders, don't forget to invest⛏Now put BNB and FDUSD into the SAGA mining pool to start mining #REZ :
👉🏻 launchpad.binance.com/zh-CN
Next, let's take a quick look at what #Renzo is
What is #Renzo ?
•Renzo is a liquidity re-staking protocol based on EigenLayer, which abstracts all the staking complexities of end users, and stakers don't have to worry about the active selection and management of operators and reward strategies.
• Unlike traditional staking, Renzo allows users to obtain higher returns. Renzo effectively releases the liquidity of re-staking ETH by introducing the derivative token ezETH; secondly, it uses advanced algorithms to balance returns and risks in real time, so as to automatically make the best configuration choices for users and ensure stable and considerable investment returns.
What are the highlights of #Renzo ?
• After re-staking, the liquidity of ETH will be locked. Renzo’s solution is to use the derivative token ezETH to release the liquidity of re-staking ETH;
• With the increase in the number of EigenLayer Active Verification Services (AVS), different verification configuration strategies will have different returns and risks, and Renzo can use its algorithm to balance returns and risks in real time, replace users to make complex configuration choices, and help users achieve stable high returns.
Financing and token circulation?
Binance Labs participated in the investment in Renzo. In January this year, Renzo announced the completion of a $3.2 million seed round of financing, led by Maven11, with participation from IOSG Ventures, Figment Capital, SevenX Ventures, etc.
As of April 23, 2024, the total supply of $REZ is 10,000,000,000, and the circulating supply after listing will be 1,050,000,000 (approximately 10.50% of the total token supply)
Binance will list Renzo (REZ) at 20:00 Beijing time on April 30, and the current over-the-counter price is between 1.2-1.6
