ezETH lost peg and Renzo's actions

Renzo is the next project on Binance Launchpool. However, after announcing the tokenomics project, it encountered a wave of criticism from the community, Renzo also had to make changes.

What's going on with Renzo

A quick overview of Renzo

Renzo is a cross-chain staking project built on the EigenLayer platform. The project allows users to participate in retake ETH on many chains of Ethereum, Arbitrum, Linea... to receive ezETH. Holding ezETH will help users receive reward points and project tokens in the future.

On February 22, 2024, Renzo Protocol received an undisclosed amount of investment from Binance Labs. On April 23, 2024, Binance Launchpool continued to announce Renzo as the 53rd project on the platform.