Renzo (REZ), a brand new liquid restaking protocol, is launching on Binance today, April 30th, 2024, at 12:00 UTC. Get ready to trade REZ with various pairs including REZ/BTC, REZ/#USDT , REZ/$BNB , REZ/$FDUSD , and REZ/TRY.
Renzo (#REZ ) is a new project on Binance Launchpool!
It's a liquid restaking protocol that allows users to earn rewards by staking their BNB and FDUSD tokens.
Here's a quick rundown of the key points:
Farming starts on April 24th, 2024 (today!) at 00:00 UTC. ⏰
You can stake your $BNB and $FDUSD into separate pools to farm #REZ tokens over six days. ️
Binance will list REZ on April 30th, 2024 at 12:00 UTC and open trading with multiple trading pairs.
Important things to note:
Binance will be the first platform to list REZ. Be cautious of any offers to buy REZ before the official listing date.
Do your own research before making any investment decisions.
For more information, check out the official Binance announcement: https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-renzo-to-support-liquid--restaking-on-the-eigenlayer-ecosystem-5456922013853091014
Ethereum ($ETH ) is the world's second-largest cryptocurrency by market capitalization.
It's a platform that allows for various decentralized applications (dApps) to be built and run on its blockchain.
Here's a quick rundown on what's happening 😲 with Ethereum:
Recent Upgrade: The Ethereum network recently underwent an upgrade called the Shanghai upgrade, which introduced features like stake #ETH withdrawals and fee optimizations.
Security Concerns: Some experts raised concerns about scalability and transaction fees on the Ethereum network during a recent conference.
Potential Price Movement: Analysts have mixed predictions on Ethereum's price following the recent Bitcoin halving event. Some speculate a bullish breakout for $ETH .
Cryptocurrency experts predict the price of SAGA in May 2024 to range from a minimum of $6.12 to a maximum of $6.72, with an average price around $6.36.
It's important to remember that these are just predictions and the actual price could be higher or lower.
The $TAO project, represented by the TAO token, is a new listing on Binance that utilizes a peer-to-peer machine learning protocol.
This project aims to decentralize AI platform development through a distributed network. TAO tokens act as an incentive for users to participate in training and running machine learning models.
Binance recently listed TAO with a “Seed Tag,” signifying its status as a novel project with potentially high volatility. This means users will need to pass a quiz about TAO before trading it.
Binance recently launched Ethena (#ENA ), a synthetic dollar protocol, as its 50th Launchpool project. Users were able to farm ENA tokens by staking BNB and FDUSD tokens from March 30, 2024. ENA was listed on the exchange on April 2 with several trading pairs.
Ethena's prelaunch futures surged on Aevo, a decentralized exchange, reaching 73 cents. This implied a market capitalization of over $500 million at inception. However, the current price of ENA might be different. You can find the latest price information on cryptocurrency websites like CoinMarketCap or CoinGecko.
Ether.Fi's $ETHFI Jumps 50% to Record, May Boost Valuations for Liquid Restaking Token Airdrops: Analyst
Restaking has become one of the hottest sectors in DeFi, with new protocols leveraging Ethereum's proof-of-stake blockchain to secure other networks.
$ETHFI hit a record high $7.2 Wednesday, withstanding the declines in ether and the broad-market CoinDesk 20 Index. The performance could bolster valuations for other liquid restaking tokens ahead of their airdrops, one analyst noted.
Ether.fi ($ETHFI ) Up 9.98% Tuesday: What's Next 🔥?
Ether.fi ($ETHFI ) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Decentralized Finance has added 9.98% to $4.75.
Highly Volatile
I give ether.fi a high volatility rank of 82, placing it in the top 18% of cryptos on the market.
The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ETHFI's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
Ether.fi price is trading above resistance. With support around $3.96 and resistance set at $4.68. This leaves ether.fi out of range and potentially in a volatile position if the rally burns out.
Ether.fi $ETHFI Initiates Season 2 StakeRank with Enhanced Loyalty Rewards 🎉🎁
Ether.fi launches Season 2 StakeRank, offering boosted loyalty points for staking, with a 5% $ETHFI token supply allocation and new conditions for participants.
The decentralized finance platform, Ether.fi, has officially rolled out Season 2 of its StakeRank program, ushering in a new era for ETH stakers. The initiative, which commenced on March 25, 2024, follows the successful completion of Season 1, and is set to run until June 30, 2024.
StakeRank is designed to incentivize users to stake their ETH for longer durations with Ether.fi by offering them loyalty points that boost their overall rewards. A notable 5% of the total ETHFI token supply has been allocated to this season's participants, marking a significant commitment to the platform's users.
Revamped Level System and Loyalty Boosts
The program introduces a tiered level system comprising 8 ranks. Users climb one rank level for every 100 hours they stake their ETH with Ether.fi. Each rank confers a progressively increasing loyalty points rate boost, encouraging sustained participation.
To be eligible for advancing ranks, a user's staking balance must remain above 0.1 eETH. Season 1 participants have a head start in Season 2, as they begin at Rank II. Additionally, holders of Ether.Fan NFTs are automatically advanced to Rank III, a benefit applied only once per NFT holder.
The Bitcoin price is $64,098.16, a change of -2.58% over the past 24 hours as of 10:13 p.m. The recent price action in Bitcoin left the tokens market capitalization at $1.24T. So far this year, Bitcoin has a change of 49.42%. Bitcoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
$BTC is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority.
The Bitcoin network (with an upper-case “B”) was launched in January 2009 by an anonymous computer programmer or group of programmers under the pseudonym “Satoshi Nakamoto.”
The network is a peer-to-peer electronic payment system that uses a cryptocurrency called bitcoin (lower case “b”) to transfer value over the internet or act as a store of value like gold and silver.
Each bitcoin is made up of 100 million satoshis (the smallest units of bitcoin), making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.S. dollar.