15 HOURS LEFT TO FARM & EARN RENZO REWARDS📣

Let's find out more about #RENZO :
Binance labs has once again chosen to invest in the DEFI sector by investing in RENZO protocol.

👇 To better understand how RENZO works, we first need to define the EingenLayer protocol

What is EigenLayer?
EigenLayer is a protocol built on Ethereum that introduces restaking. this new technology enables the reuse of ETH on the consensus layer.
While maintaining optimum security , this allows users to restake native ETH or Liquid staking token (LST).
To operate, it requires the use of Actively Validated Services (AVSs).

Without going into details, AVS are services built on the EigenLayer protocol that leverage Ethereum's shared security.

Remember my last review about OMNI NETWORK 🤷 ?
You were right! OMNI use to be an AVSs wich deliver services to users (AVS Consumers) and the broader Web3 ecosystem.

BUT THEN WHAT IS RENZO FOR ?

With a user-friendly interface, Renzo is a gateway to the EigenLayer ecosystem.
Renzo is a cross-chain (BNB, Arbitrum, ETH...) Liquid Restaking Token (LRT) built on EingenLayer.
"The protocol provides a secure platform for AVS, eliminates complexity for the end user and enables easy collaboration between users and EigenLayer node operators"
It uses smart contracts and operational nodes & allows users to deposit ETH and earn ezETH.
ezETH is a liquid restaking token that provides exposure to restaking while maintaining liquidity for users.

Thanks to this architecture users can participate in the cryptoeconomic security to additional applications on the network and are also able to earn additional rewards such as Renzo ezPoints & Deposit Boosts such as:
"Renzo offers 100 ezPoints boost per 1 LST deposit, April 16th to April 23rd, 2024, 16:00 UTC"⏰"Restake anywhere! Renzo offers a 100 ezPoints Boost per 1 ETH deposit until April 3rd, 00:00 UTC"⏰"Renzo offers a 200 ezPoint boost per 1 LST deposit, Feb 5th to Feb 9th, 2024, 20:00 UTC"⏰
As a result, the return on Renzo's stake is higher than that of ETH's stake.💰

🎁Referred users can also earn 10% of the points your friends make! ➡️ https://app.renzoprotocol.com/?ref=0x7c319011d3ab1e05876cb0ef208f66a47364e91a

Farm REZ by staking BNB and FDUSD on Binance Launchpool !

Don't Miss Out on Free #REZ rewards before the official listing on BINANCE !
Hurry up, there's only 5 days left to farm! ⏰

Supported Pools: 
Stake BNB: 212,500,000 REZ in rewards (85%) Stake FDUSD : 37,500,000 REZ in rewards (15%)Farming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC)⏰

REZ Launchpool Details👇:
Token Name: Renzo (REZ)Max Token Supply: 10,000,000,000 REZ Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.

Let's talk about the token price 📈!

First of all, it's important to bear in mind that the project is backed by major investors such as BINANCE LABS, OKX VETURES, MANTLE, MAVEN 11, etc...
At this time, Renzo's Total Value Locked Reaches $32.88 Billion, Ranking Second in Its Field! This means that RENZO is a solid project designed to last, and one that gives major investors confidence!
The last time a token was quoted on the launchpad binance, demand was so strong that the quotation price of OMNI exploded rom $1 to $50 in just a few minutes❗️ (That's a X50🚀!!)
On the fiest listing minutes, many were tricked into buying on market orders at very high prices❗️
Of course, the price then fell back to lower levels ($20 zone...) because early investors and token farmers took their profits!
As many have cried, it's not because OMNI is a scam! It was simply a problem of lack of liquidity, because supply couldn't keep up with demand!
In the case of RENZO, Binance will be the first exchange to list the token!
We can therefore expect buying demand to be very strong! 📈
Be aware of it and avoid market buy orders❗️

With the exposure generated by BINANCE & the current TVL (Total value locked),I think the Mcap can easily rise to several hundred million $. 💸
With around 10.50% of tokens in circulation at the listing, and 10B max supply,I would estimate that the price could stabilize at around $3 - $5.
This would represent a Mcap of approximately 300M to 500M!
I did say "stable price" and I'm not taking into account the FOMO that will take place at the listing❗️
If you intend to buy REZ on listing, I recommend that investors wait for a consolidation phase and don't FOMO at the start of listing ❗️

And you, what do you think of REZ's listing price? 🚀
If you liked this article, don't hesitate to like and share!👍

#RENZOLAUNCHPOOL #BinanceLaunchpool $BTC $ETH #binance