Binance, one of the leading cryptocurrency exchanges, announced Renzo (EZ) as the 53rd project on the Binance Launchpool platform. Renzo (EZ) is described as an innovative liquid restaking protocol that offers users the opportunity to farm tokens through staking mechanisms. Here's everything you need to know about this new offer, including ways to participate, token details and important dates.
Binance Ăyelik: https://accounts.binance.com/register?ref=K6WQ7GLJ
Renzo (EZ) Protocol Overview
Renzo (EZ) is a groundbreaking liquid staking protocol designed to increase staking flexibility and liquidity in the crypto ecosystem. This protocol offers users the ability to maintain liquidity while staking their assets; This is generally not possible in traditional staking scenarios where assets are locked.
Binance Research: https://www.binance.com/en/research/projects/renzo
Earn EZ Tokens by Farming
Starting at 00:00 UTC on April 24, 2024, users will have the opportunity to farm EZ tokens by staking BNB and FDUSD in separate pools. This farming will end at 23:59 UTC on April 29, 2024.
EZ'nin Tokenomisi
- Maximum Token Supply: 10 billion EZ tokens
- Launchpool Token Rewards: 250 million EZ tokens (2.5% of maximum supply)
- Initial Circulating Supply: 1.05 billion EZ tokens (10.5% of maximum supply)
Staking Details
Participants must complete Know Your Customer (KYC) procedures to be eligible. Additionally, there are hourly limits on the number of EZ tokens a user can earn, set at 147,569.44 EZ in the BNB pool and 26,041.67 EZ in the FDUSD pool.
Supported Repositories
- BNB Pool: 212.5 million EZ rewards (85% of total rewards)
Stake BNB: https://launchpad.binance.com/en/launchpool/EZ_BNB
- FDUSD Pool: 37.5 million EZ rewards (15% of total rewards)
Stake FDUSD: https://launchpad.binance.com/en/launchpool/EZ_FDUSD
Listing and Trading
Binance plans to list EZ tokens at 12:00 UTC on April 30, 2024. Available trading pairs will be EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD and EZ/TRY. This listing will occur immediately after the farming period, allowing users to immediately trade the tokens they have farmed.
Smart Contract and Security
EZ token is built on the Ethereum blockchain, known for its robust security and wide acceptance in the cryptocurrency market. It is particularly important for users to do their own research to ensure the safety of their investments.
Key Points
- Binance Launchpool's 53rd Project: Renzo (EZ) introduces an innovative liquid restaking protocol.
- Farming Period: From April 24, 2024 to April 29, 2024.
- Staking Requirements: KYC and hard hourly limits.
EZ Farming Accumulation;
- Token Listing: April 30, 2024 on Binance with multiple trading pairs.
Detail:https://www.binance.com/en/support/announcement/introducing-renzo-ez-on-binance-launchpool-farm-ez-by-staking-bnb-and-fdusd-b1e64410cc9c4ab29687392f5581a61b
As with any investment in cryptocurrency, it is crucial that participants conduct thorough research and understand the risks they may face. Binance has warned against misleading claims regarding the early sale of EZ tokens and advised that users should only rely on official communications regarding such matters.
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