Renzo (REZ) is a cryptocurrency that operates as a Liquid Restaking Token (LRT) and Strategy Manager within the EigenLayer ecosystem. It aims to simplify the staking process on Ethereum, offering users the ability to stake and restake assets for potentially higher yields. The protocol abstracts complexity, enabling seamless collaboration between users and EigenLayer node operators.
As of February 8, 2025, REZ is trading at approximately $0.0159, with an intraday high of $0.0159 and a low of $0.0141. The current market capitalization is around $30 million, with a circulating supply of about 2 billion REZ tokens out of a maximum supply of 10 billion.
REZ reached an all-time high of $0.2638 on April 30, 2024, and an all-time low of $0.0142 on February 3, 2025.
In April 2024, REZ was listed on Binance's Launchpool as the 53rd project, allocating 250 million REZ tokens (2.5% of the total supply) for the reward program. Following the listing, the token experienced significant volatility, with its price dropping from an initial $0.2578 to $0.1908 within 40 minutes.
In June 2024, Renzo completed a $17 million financing round, which led to a short-term surge in the REZ token's value, temporarily reaching $0.1017.
Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and exercise caution when making investment decisions.
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