Renzo protocol is a liquid staking platform and strategy manager built on Eigenlayer. It allows users to stake their ETH in exchange for APR from native staking and restaking on EigenLayer, as well as the liquid staking of token from Renzo (ezETH), which can be utilized in various DeFi applications.
PRICE PREDICTION
In my opinion, after listing REZ's MC will be around $250M - $350M with Initial Circ. Supply 1,150,000,000
$REZ price will be around $0.22 to $0.30
The price will adjust down a bit due to selling pressure from Launchpool Farmers and Airdrops so we should wait for the next price movement of BTC to decide whether to invest in $REZ
Remember that Restaking is a recent emerging trend, Binance Labs and other major funds in the market are currently heavily investing in restaking projects. So they has great potential in the future. REZ's Market Cap is completely comparable to some large projects in the same category at their ATH MC: Altlayer ($735M MC), ETHFI ( $900M) & Pendle ($1.76B) in this bullrun