Renzo is a strategy manager and interface for the Eigen layer ecosystem without needing to handle the complexity of the Eigenlayer. With one click you can get yield & reward from Eigenlayer.
$REZ is Renzo Token Governance
$ezETH is Ethereum / stEth staked on Renzo (fully reserved 1:1 with proof of reserve)
What makes it different from another Liquid Staking Protocol?
1. Support Multichains
Renzo supports Ethereum and stEth on Arbitrum, BNB Chain, Base, Linea, Mode and OKX. Means the gas fee required is much cheaper on Layer 2.
2.Get Triple Yield, APR, Eigenlayer Points & EZPoints
You can get Eigenlayer points + EZPoints including with their APR reward on Renzo. Eigenlayer points could be redeemed into token on Eigenlayer TGE.
3.Liquid
ezETH is liquid and available in several DEX protocol such as Balancer, Curve Morpho, Pancakeswap, & Aura
4. Collateralable
Utilize your ezETH & get point booster. ezETH is easily collateralized at Kinza, Orbit Lending, & Zerolend
5.$REZ Price Target
Renzo will be listed on Binance via Launchpool at 2024-04-30 12:00 (UTC).
My target is around $0.3 to $0.6.
Total supply of $REZ is 10 billion tokens with initial supply of 1 billion 50 million tokens. If we compare it with other similiar projects, with a price of $1, Renzo's FDMC will reach $10 Billion. (5x than Lido)
$LDO TVL of 29 Billion, it's FDMC only 1.99 Billion.
$ETHFI TVL $3,8B. it's FDMC 3.6 Billion.
With a price of $0.5, it means Renzo's marketcap at launch reaches $575,000,000.
But it should be noted that Renzo is different, as it work as interface for the Eigenlayer as well.
What do you think?
