According to BlockBeats, RenzoProtocol's native token, REZ, is now live on Pendle as of July 3rd. Users who stake their REZ tokens can earn 0.0002 ezPoints per hour. The functionality of Pendle LP's YT-REZ/SY-REZ is similar, with both also offering the opportunity to earn 0.0002 ezPoints per hour.
Through PT-REZ, users can earn more REZ from fixed income while maintaining a price exposure similar to regular spot REZ. This development provides an additional avenue for REZ holders to generate income from their holdings, while also maintaining the potential for capital appreciation.
This move is part of a broader trend in the cryptocurrency space, where protocols are increasingly offering staking and yield farming opportunities to attract and retain users. These strategies provide users with the potential for passive income, while also incentivizing them to hold onto their tokens rather than selling them. This can help to stabilize the price of the token and potentially lead to price appreciation over time.