Here's a comprehensive overview of Renzo, the new Binance Launchpool project:
Renzo (REZ) serves as a Liquid Restaking Token (LRT) for the EigenLayer protocol. Unlike traditional staking, LRTs offer liquidity, enabling trading while Ethereum is staked. EigenLayer secures blockchain networks through Active Validation Services (AVSs), rewarding users for network security contributions. Renzo simplifies staking and facilitates participation in AVSs. Launched on Binance Launchpool, users can stake BNB and FDUSD to earn REZ tokens. REZ will be officially listed on Binance, promising higher yields than traditional ETH staking.
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