💵Renzo is the 53rd project on Binance Launchpool

🚀On April 23, Binance announced its intention to list REZ at 7:00 p.m. on April 30 and open trading for REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY pairs. The project has a Seed Tag attached. Initially, the project's token name was EZ. However, the name EZ is used by many projects as the ticksize. Therefore, the exchange changed its name to REZ.

🚀Details about the pool

- Token name: Renzo (REZ token)

- Total supply: 10,000,000,000 REZ

- Launchpool reward: 250,000,000 REZ (2.5% of total supply)

- Initial circulating supply: 1,050,000,000 REZ (10.50% of total supply)

- Staking terms: KYC required

Hourly hardcap per user:

+ 147,569.44 REZ in BNB pool

+ 26,041.67 REZ in FDUSD pool

🚀Users can stake BNB and FDUSD into separate pools to farm REZ for six days, starting at 7:00 a.m. on April 24. The site is estimated to be available for 5 hours, before the launchpool begins. Supported pools:

- Stake BNB (site will be available in about 5 hours): 212,500,000 REZ (85%) reward

- Stake FDUSD (site will be available in about 5 hours): Reward 37,500,000 REZ (15%)

🚀Farming time: 7am on April 24 to 6:59am on April 30

🚀Renzo is the liquid staking token (LRT) and strategic manager for EigenLayer. The project serves as an interface to the EigenLayer ecosystem, championing active authenticated services (AVSs), offering higher yields than ETH staking.

🚀Renzo generates an amount of ezETH equivalent to each LST or ETH staked into the platform. The project builds the main on-ramp/off-ramp for Ethereum staking through a combination of smart contracts and operator nodes. This ensures the best profit strategy after the staking process.

🚀Renzo also announced adjustments to the tokenomics, schedule and conditions for receiving airdrops in response to a "wave" of criticism from the community. The snapshot deadline is April 26, the airdrop claim portal opens on April 30 instead of May 2 as previously announced.

🚀The amount allocated to the community increased from 30% to 32%, airdrop accounted for 12% instead of 10% as before. Airdrop season 1 increased from 5% to 7%, season 2 kept 5% of total supply.

#Renzo #binance