Renzo Protocol and Binance Launchpool: Overview
- Renzo Protocol is a decentralized finance (DeFi) protocol that provides staking services for Ethereum (ETH). The protocol acts as a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, allowing users to earn yield on their ETH without having to lock up their assets for an extended period.
- Renzo simplifies the ETH staking process and offers higher returns compared to traditional ETH staking.
- Binance Launchpool is a platform that allows users to earn new cryptocurrencies by staking other tokens. Binance Launchpool has selected Renzo Protocol as the 53rd project to be featured on the platform.
Binance Launchpool Renzo Protocol Event:
Time: April 24 (00:00 UTC) - April 29 (23:59 UTC)
How to participate: Stake BNB or FDUSD
Rewards: REZ tokens
Total rewards: 250 million REZ tokens (2.5% of total supply)
Reward allocation:
BNB staking pool: 85%
FDUSD staking pool: 15%
Listing: REZ token will be listed on Binance on April 30 at 12:00 UTC with EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY trading pairs.
Benefits of participating in Binance Launchpool Renzo Protocol:
Earn REZ tokens for free
Participate in a promising DeFi project
Benefit from the potential increase in value of REZ tokens
