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🔥💥Binance 53 Launchpool Project Renzo overview #BNB Staking use case review
Overview of the Renzo (#REZ ) Protocol
Renzo (REZ) is a groundbreaking liquid repurchase protocol designed to increase staking and liquidity in the crypto ecosystem. This protocol offers the possibility of maintaining stake liquidity while protecting assets, which is usually not possible in traditional staking scenarios where objects are locked.
Earning REZ Tokens by Farming
Starting at 00:00 UTC on April 24, 2024, users will have the opportunity to farm REZ tokens by staking BNB and FDUSD in separate pools. This ploughing will end at 23:59 UTC on April 29, 2024.
The Tokenomics of REZ
- Maximum Token Supply: 10 billion REZ tokens
- Launchpool Token Rewards: 250 million REZ tokens (2.5% of the maximum supply)
- Initial Circulating Supply: 1.05 billion REZ tokens (10.5% of the maximum supply)
Staking Details
In order for participants to be eligible, the Know Your Customer (KYC) procedures must be completed. In addition, there are restrictions on the REZ token exchange periods that a student can earn, which are set at 147,569.44 REZ in the BNB pool and 26,041.67 REZ in the FDUSD pool.
Supported Pools
- BNB Pool: worth 212.5 million REZ (85% of the total prices)
Staking BNB
- FDUSD Pool: worth 37.5 million REZ (15% of total prices)
Stake FDUSD
Listing and Trading
Binance plans to list REZ tokens on April 30, 2024, at 12:00 UTC. The available trading pairs will be REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY. This listing will take place immediately after the development of farming, allowing users to immediately trade tokens of farming activities.
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