#REZCOIN #informative #Fed #ViralTopic About Renz Couin In Details

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The overall DeFi sector has witnessed a phenomenal surge with its total value locked (TVL) reaching a two-year high of ~ $172 billion in the Q1 2024. This growth can be attributed in large part to the rise of liquid restaking protocols (LRTs). LRTs allow users to lock up their staked Ether/LST or liquid staking tokens to earn rewards without losing the flexibility to use them in other DeFi applications.  Liquid restaking protocols bridge this gap by offering liquid tokens (e.g., ezETH for Renzo) in exchange for staked assets 

The meteoric rise of liquid restaking is evident in data from DeFiLlama. The TVL of LRTs reached an all-time high of $10.6 billion in Q1 2024.  As of writing, the TVL of LRTs sits at a staggering ~ $10.36 billion, a monumental increase compared to just ~ $281 million on January 1st, 2024. This represents a growth of over 3,600% in just four months. Among the top players in the liquid restaking landscape is Ether.fi, a restaking protocol which saw a staggering 3,544% growth during the same period. This surge highlights the increasing demand for diverse solutions in the liquid restaking space.   

What is Renz The project from LRT

Source – dune.com 

Introducing Renzo

Renzo is another LRT protocol which emerged as a prominent player in the burgeoning world of liquid restaking. Launched in January 2024, the protocol has quickly gained traction within the DeFi ecosystem with a total value locked (TVL) of $3.3 billion. Renzo ranks as the second-largest liquid re-staking protocol, trailing only the established giant Ether.fi. 



The REZ Token Launch

Renzo takes a significant step towards decentralization with the launch of its native token, REZ, scheduled for April 30, 2024. This launch marks a pivotal moment, fostering a thriving Renzo ecosystem empowered by community governance. Notably, the REZ token will be distributed through Binance Launchpool. Kind like and Follow my channel Thanks