Summary of the Tokenomics controversy causing discontent with @RenzoProtocol's early user community after announcing the LP on Binance:
1. As shown in the image below, instead of the initially announced Tokenomics having an allocation rate like Pic1, Renzo gave Pic2, which when criticized by the community, was deleted and replaced with Pic3 but still not honest about the ratio.
2. Allocation is quite biased towards investors & project team (the portion of tokens that actually belong to the community is quite small).
3. Users who participate early in#restakingon Renzo must wait 2 days after TGE to claim, but they cannot claim in advance like those who farm Launchpool on Binance (forever the best 🥰)
=> raises concerns => ezEth depeg (sometimes down to $700) due to being sold off on some dex pools, causing many leverage users to liquidate their assets.
Renzo has given the airdrop condition that#ezEthcannot be sold before TGE and the price has recovered to peg.
In general, when it comes to stake farms and that, I'm still only loyal to BNB. Use cases, mechanisms,..bla..bla.. all have to be called chairs because they are not tables.
Trust Binance 💋