2024.04.24
Background of the project
Renzo Protocol is a liquidity re-staking protocol built on EigenLayer. It simplifies complex staking mechanisms for end users and enables fast collaboration with EigenLayer node operators and Active Verification Services (AVSs).
Users can stake ETH to get ezETH, then deposit ezETH into the operator of Renzo partner nodes to get rewards. At the same time, Renzo also supports native ETH, stETH, cbETH and rETH, and allows users to earn rewards that are included in the basic deposit pool.
Currently, Renzo has received investments from many institutions including Binance Labs, Maven11, SevenX Ventures, Figment Capital, OKX Ventures and IOSG.
Why is it worth it?
The total supply of $REZ is 10,000,000,000 (10 billion), and the initial coin offering is approximately 10.50% of the total supply (1,050,000,000). Binance Launchpool allocates a total of 2.50% (250,000,000).
Token issuance schedule
According to E-E's calculations, the annualized yield of SAGA and OMNI staking BNB in the last two periods is around 170%-180%~
In the previous OMNI tutorial, the opening price was 41U, the total market value was about 4 billion, and the circulating market value was about 410 million. Therefore, in this calculation, E-E-E also uses similar data for estimation.
This assumption is based on the estimated REZ opening price of 0.4u, and the yield of staking bnb is about 64.64%. According to the opening price of 0.7U, the yield is about 113.11%. Data is for reference only
If you have idle BTC or ETH, you can also go to https://venus.io/
You can borrow BNB from Launchpad to participate. Generally, the interest rate of BNB loan during Launchpad is about 80%, but this time the interest rate is only 17%. The cost-effectiveness of this loan is greatly improved!
Operation Tutorial
⭐️An An registration link:
https://www.suitechsui.io/zh-CN/join?ref=RB1GCG3B, invitation code: RB1GCG3B
Browser Operation
If you already have an account, just click to log in. After logging in, find Launchpad and coin mining in the upper left corner. Click to enter.
Friends can choose the currency they want to stake for mining. FDUSD is a stable currency, BNB is the Binance platform currency, and is also the golden shovel for Launchpool mining. You can buy it directly on the pledge page, or go to Venus to pledge U, BTC, ETH, etc. to borrow BNB for pledge mining.
Mobile APP operation
Find the new coin launch page on the homepage, click REZ (new coin mining) to enter the Launchpad page, then select FDUSD or BNB and click Stake again to enter the Stake page to stake~
REZ staking mining will end at 8:00 (UTC+8) on April 30, and REZ trading will be launched at 22:00 (UTC+8) on the same evening. Don’t miss it!
It is recommended that friends who hold idle BNB and FDUSD come to mine. If you have BTC/ETH that has just been unlocked from some good projects, you can also borrow it to mine. One more day of mining means one more day of free and safe. Students, go for it!
