1. Log in to your Binance account and click the navigation button - [More].

Then, scroll down to find [Launchpool] and the list of available and completed projects.

You can also access Launchpool by clicking[Finance] - [Binance Earn].

Scroll down and click [View More] under [Launchpool].

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The leading cryptocurrency exchange, #Binance , has announced Renzo as the next project featured on their Binance Launchpool staking platform.
Until April 30, you can earn #Renzo (REZ) tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the REZ token rewards.
You can earn REZ on Binance #Launchpool  between April 24 (00:00 UTC) and April 29 (23:59 UTC). The amount of token rewards you earn will depend on how many coins you stake.
Binance plans to distribute 2.5% of the total REZ token supply to users on Launchpool. This translates to 250 million REZ tokens out of a total supply of 10 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more REZ if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool. 
In addition to featuring the REZ coin on its Launchpool platform, Binance will also be listing the token for trading on the Binance exchange. The token will be available for trading starting on April 30 at 12:00 UTC in trading pairs against BTC, USDT, BNB, FDUSD, and TRY. 
It is worth noting that Binance will be listing REZ with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone.” The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
What is Renzo (REZ)?

Renzo is a liquid restaking protocol that aims to provide an easy-to-use interface to the EigenLayer ecosystem. Renzo can be used by ETH holders to earn higher yields compared to simply staking ETH. Users can deposit ETH or liquid staking tokens (for example Lido's stETH) to receive an equivalent amount of ezETH tokens.
ezETH is a reward-bearing token that reflects the rewards earned from decentralized services that use EigenLayer for economic security (in addition to the underlying rewards earned from ETH staking). In the EigenLayer ecosystem, these decentralized services are known as AVS (actively validated services). The Renzo protocol uses smart contracts and operator nodes to automatically identify the restaking strategy with the best risk to reward ratio on behalf of its users. 
The Renzo protocol also has a utility and governance token called REZ. This is the token that users will be able to earn on Binance Launchpool. The total supply of REZ is 10 billion tokens. Here is the planned REZ token distribution:
Investors & Advisors: 31.56%DAO Treasury: 20%Team: 20%Foundation: 13.44%Airdrop: 10%Liquidity: 2.5%Binance Launchpool: 2.5%
How to earn REZ tokens on Binance Launchpool
If you want to earn Renzo farming rewards, you’ll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in REZ token farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat. 

After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpad & Launchpool."
Then, find the available Renzo farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange. 

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Saga and what you should know about this protocol.
Saga is a Layer 1 Blockchain developed on Cosmos, Saga's main mechanism is POS (Proof-of-Stake) similar to ETH at the present time. Saga's main goal is to optimize resources for launching other Blockchains.

Saga is a blockchain used to launch other blockchains, in the Saga ecosystem these blockchains are called “Chainlets” . Chainlets are secured by Saga's validator through a mechanism called Interchain Security, a common security system from Cosmos.
Potential and risks of this project?
Potential:
Supports many different virtual machines: Saga Chainlet supports EVM and aims to support many different VMs such as CosmWasm, Javascript VM in the future.
Additional profits for validators: The Musical Chair Auction model ensures all validators in the ecosystem receive fair rewards, while also helping to determine the cost of operating Chainlet in a competitive and transparent manner.
Risk:
The Musical Chair Auction model is new and untested.
There are currently many projects implementing Parallel Execution on the market, notably Sei Network, Monad, NeonEVM, etc. These will be serious competitors to a project that has not been around for a long time, Saga.
Tokenomic:

SAGA tokens are allocated as follows:
Binance Launchpool: 4.5%
Ecosystem & Development: 30%
Airdrop: 15.5%
Selling to investment funds: 20%
Main Contributor: 20% Foundation
Reserve: 10%
Vesting Calendar:

At the time of listing, 9% of the total supply will be unlocked, of which 9% includes 2 categories: Binance LaunchPool and Airdrop.
From April 2025, will begin to linearly unlock 40% of the total supply for Investors and Core Contributors until April 2027
Foundation Reserve (10%) and Ecosystem & Development (30%) will be unlocked from release until April 2031.
Token Use Case
Notable uses of SAGA:
– Pay fees to validators to operate Chainlet
– Pay rewards to validators 
– Staking: Staking helps secure the network and receives rewards of $SAGA  tokens as well as tokens of projects built on Saga
– Governance: SAGA token holders will be able to vote on network governance decisions.
We can see that the initial 9% of $SAGA in circulation mostly came from Retailers receiving Airdrops and Farming Launchpools. It is more difficult for the price to be pushed up by the creation teams because it has to absorb large selling pressure from Airdrop and Launchpool.
Usecase Token creates demand when people who Stake $SAGA are ready to buy and Lock $SAGA to have a chance to receive Airdrop.
General assessment: Saga is a project that is determined to go a long way because investors and the Foundation can only unlock it 1 year after listing. Token Use Case is attractive to investors. The initial selling pressure will not be strong because the majority are small investors and can be gathered by Market Maker teams to support the price.
The best time to buy and hold for a long time, in my opinion, will be at the end of 2024, early 2025 in the condition that there is already a cumulative price base and the Tokens of investment funds are about to be unlocked.

On February 16, 2024, Ethena Labs successfully raised $14 million in capital at Strategic Round with the appearance of Dragonfly Capital,. Binance Labs, Paypal and Fidelity….
Recently, Ethena Labs announced the opening of a new USDe deposit pool with a maximum limit of $50 million and announced that it will airdrop ENA tokens to users on April 2.
So what is Ethena? What are the potential projects?
Let's find out through the article below!

What is Ethereum?
Ethena Labs is a decentralized stablecoin issuance protocol project built on the Ethereum platform.
The project focuses on providing a stablecoin solution that does not depend on the traditional banking system, accompanied by a USD saving tool called Internet Bond. Ethena's stablecoin (USDe) uses a delta-hedging strategy and is fully transparently collateralized on-chain, allowing for free use across DeFi applications.
Internet Bond, developed on USDe, combines profits from Liquid Staking Token (LST), futures markets and perpetual swaps. This product is the first bond on the chain that can act as a USD saving tool for global users.
What is Delta-Hedging?
Delta-Hedging or Delta Neutral Trading Strategy, is a trading strategy used to generate income in markets without a clear trend. Despite its definition, in reality there are many different methods to apply, with the common goal of eliminating price fluctuations and profiting from it.
This method keeps the user's position constant when the market experiences volatility. In the context of the cryptocurrency market, the main method is to adjust the total investment portfolio of the user to zero, create an insurance and take advantage of various opportunities such as IDO, Airdrop, Staking, Farming to achieve profit.
Outstanding features of Ethena
Popular stable assets in the cryptocurrency market are often easily affected when financial institutions encounter problems, especially the risk of depeg of stablecoins such as USDC, USDT,...
Ethena introduces USDe as a solution to solve these problems. This Stablecoin is developed with the following features:
Scalability through the use of derivatives without the need for overcollateralization, as LST used as collateral can be hedged with an equivalent short position.Ensure stability through taking unleveraged short positions on LST as soon as USDe is released, ensuring position neutrality.Resist censorship by separating collateral from the banking system and storing collateral in decentralized platforms that can be easily audited on-chain.
Highlights of USDe

USDe issuance mechanism
Users can deposit Liquid Staking Tokens (LST) such as stETH, rETH into Ethena in exchange for USDe. During this process, inflation and execution fees will be charged to users' mint or redeem USDe transactions.
After receiving LST from the user, Ethena will open a non-leveraged short order on derivatives exchanges with a value equivalent to the amount of assets the user has deposited into the protocol.
Protect against price fluctuations with a balanced Short position
When talking about algorithmic stablecoins, surely you cannot help but remember the collapse of the Terra LUNA network when the UST stablecoin depeg showed high fluctuations in the market. Ethena has improved from the above lesson using LSTs as the main collateral.
LSTs (stETH, rETH, WBETH) are used as collateral to mint USDe. However, LST are highly volatile altcoins, so Ethena needs to open a short position to hedge against price fluctuations for this asset.
If the value of LSTs in the market drops sharply, the profit from the unleveraged short position will offset the decrease in the price of these LSTs, ensuring their value does not change.
Security elements on the USDe chain
Ethena uses a collateral distribution mechanism through a series of diverse on-chain MPC custody contracts. This ensures that collateral deposits do not rely on centralized servers, thereby minimizing counterparty risk.
Additionally, seamless connectivity to major liquidity venues helps manage underlying risk and optimize capital, while users retain full custody of USDe.
Unlock flexible leverage
USDe generates fixed profits for users through staking rewards from LST and funding rate of short positions. Ethena also continues to allow USDe mints based on LSTs to maintain long-term exposure to Ethereum and at the same time create liquidity for USDe.
Finally, USDe does not have the same liquidation risk as other stablecoins because it is issued based on a delta-neutral mechanism, not using a debt position (CDP) mechanism, helping to avoid this risk.
Information about project tokens 
Token Metrics
Token name: Ethena TokenTicker: ENABlockchain: EthereumToken Standard: ERC-20Contract: Updating…Token Type: Utility, GovernanceTotal Supply: 15,000,000,000 ENAInitial Supply: 1,425,000,000 ENA
Allocation of tokens

Core Contributors: 30%Investors: 25%Foundation: 15%Ecosystem: 30%
Token payment schedule

Token utility
ENA will be used to vote on governance proposals on issues related to the ETH protocol, some of which will be key measures of the protocol's operation, such as:
General risk management frameworkUSDe supportCommunity grantsSupport for new products
Roadmap 
Updating….
Project team
Ethena's core members have extensive experience in traditional finance and crypto-engineering such as…

Investors and partners
Ethena Labs investment rounds are led by DragonFly Capital, Binance Labs,…

On February 16, 2024, the project successfully raised $14M in capital at Strategic Round with the appearance of Paypal and Fidelity....

Frequently asked questions
What is the project's official information channel?
WebsiteTwitterDiscord
What is the sUSDe token used for?
After receiving USDe, users can stake this stablecoin to receive sUSDe. User profits from sUSDe come from the staking reward of LSTs and the funding rate of short positions. sUSDe is a token that accumulates value, does not require any additional user action, and will increase in value over time.
summary
Allinstation answered your question about what Ethena is and provided information surrounding the project. Let's learn and evaluate together to make the wisest investment decisions. Wish you luck!!!
Please note that this is not investment advice.