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Renzo on Binance Launchpool - Price Prediction & Growth Potential!
Another week, another Launchpool and another Restaking project is listed on Binance Launchpool!
With just under 2 minutes, read this post to understand Renzo Protocol and its huge potential in Restaking Narrative - the potentially hottest trend of the year!
#RenzoLaunchpool #RENZOLAUNCHPOOL #BinanceLaunchpool
I. Renzo Protocol Overview
How does it work?
Renzo's restaking protocol is designed to offer users access to the EigenLayer ecosystem across various networks including Ethereum, Arbitrum, Linea, Mode, Base, BNB, and OKX L2 chains. This would enable users a chance to skin and have activity on new blockchain for potential airdrop.
Functioning as a liquid staking protocol, Renzo enables users to receive ezETH - Renzo liquid staking tokens by staking ETH on its platform. The APR for staking ETH can be monitored through the growth of ezETH tokens. Initially, the exchange ratio is 1:1, but it appreciates over time based on the platform's promised APR.
Unlike its counterparts, the value appreciation of ezETH tokens is supported not only by rewards from native staking on Ethereum but also from restaking on EigenLayer, potentially leading to higher returns for users. Additionally, the token can be utilized to earn extra APR by providing liquidity into DeFi LP and lending protocols, akin to other ETH staking protocols.
Achievements:
$3.3B in Total Value Locked833M EigenLayer Points33.5% Restaking Market ShareTop 10 DeFi protocol by TVL7 Supported Networks250k+ active community members
Fundraising
Renzo raised $3.2M in Seed round at the valuation of $25M, led by Maven 11 Capital and participated by OKX Ventures, IOSG, BitScale,....Most recently, Binance Labs invested in Renzo with an disclosed round and raised amount.
II. Launchpool & Token Information
Token Name: Renzo (REZ)Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)Smart Contract Details: EthereumFarming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).Supported Pools: Stake $BNB: 212,500,000 REZ in rewards (85%) Stake $FDUSD: 37,500,000 REZ in rewards(15%)
$REZ Utility:
REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:
General risk management frameworksDeposits, collateral assets, and concentration amountsOperator whitelistingActively Validated Services (AVS) whitelistingTreasury and community grant
Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. Price Prediction & Our POV
Price Prediction
Make a comparison with recent Restaking Project - ETHFI and consider OTC price on Whales Market, we believe $REZ price could be around $0.38 at the listing ATH price and traded mostly around $0.28 - $0.38 with market cap around $280M - $380M
Our POV
Pros:
Restaking Narrative - one of the hottest trend this year Ability to attract a huge amount of potential users and money with 7+ supported network, including chains that haven't released tokens.Strong backing from Tier-1 investorsLow annual token inflation rate in the first year of the token release (4.5%).
Cons:
High annual token inflation rate in the second year after release (45%)Possibility of ezETH depeg
In our POV, the sell force at the listing date won't be so high due to the long cliff in token allocation of foundation, team and investors. Moreover, for the airdrop distribution, the largest wallets holding greater than 500k ezPoints will be subject to a 50% unlock at TGE and 50% linear vesting over 3 months. Our advice is patiently waiting until the majority of the airdrop tokens are claimed then we can start buying $REZ at the price range of $0.15 - $0.25 and waiting for the Restaking narrative to explode.
Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
With just under 2 minutes, read this post to understand Renzo Protocol and its huge potential in Restaking Narrative - the potentially hottest trend of the year!
#RenzoLaunchpool #RENZOLAUNCHPOOL #BinanceLaunchpool
I. Renzo Protocol Overview
How does it work?
Renzo's restaking protocol is designed to offer users access to the EigenLayer ecosystem across various networks including Ethereum, Arbitrum, Linea, Mode, Base, BNB, and OKX L2 chains. This would enable users a chance to skin and have activity on new blockchain for potential airdrop.
Functioning as a liquid staking protocol, Renzo enables users to receive ezETH - Renzo liquid staking tokens by staking ETH on its platform. The APR for staking ETH can be monitored through the growth of ezETH tokens. Initially, the exchange ratio is 1:1, but it appreciates over time based on the platform's promised APR.
Unlike its counterparts, the value appreciation of ezETH tokens is supported not only by rewards from native staking on Ethereum but also from restaking on EigenLayer, potentially leading to higher returns for users. Additionally, the token can be utilized to earn extra APR by providing liquidity into DeFi LP and lending protocols, akin to other ETH staking protocols.
Achievements:
$3.3B in Total Value Locked833M EigenLayer Points33.5% Restaking Market ShareTop 10 DeFi protocol by TVL7 Supported Networks250k+ active community members
Fundraising
Renzo raised $3.2M in Seed round at the valuation of $25M, led by Maven 11 Capital and participated by OKX Ventures, IOSG, BitScale,....Most recently, Binance Labs invested in Renzo with an disclosed round and raised amount.
II. Launchpool & Token Information
Token Name: Renzo (REZ)Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)Smart Contract Details: EthereumFarming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).Supported Pools: Stake $BNB: 212,500,000 REZ in rewards (85%) Stake $FDUSD: 37,500,000 REZ in rewards(15%)
$REZ Utility:
REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:
General risk management frameworksDeposits, collateral assets, and concentration amountsOperator whitelistingActively Validated Services (AVS) whitelistingTreasury and community grant
Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
III. Price Prediction & Our POV
Price Prediction
Make a comparison with recent Restaking Project - ETHFI and consider OTC price on Whales Market, we believe $REZ price could be around $0.38 at the listing ATH price and traded mostly around $0.28 - $0.38 with market cap around $280M - $380M
Our POV
Pros:
Restaking Narrative - one of the hottest trend this year Ability to attract a huge amount of potential users and money with 7+ supported network, including chains that haven't released tokens.Strong backing from Tier-1 investorsLow annual token inflation rate in the first year of the token release (4.5%).
Cons:
High annual token inflation rate in the second year after release (45%)Possibility of ezETH depeg
In our POV, the sell force at the listing date won't be so high due to the long cliff in token allocation of foundation, team and investors. Moreover, for the airdrop distribution, the largest wallets holding greater than 500k ezPoints will be subject to a 50% unlock at TGE and 50% linear vesting over 3 months. Our advice is patiently waiting until the majority of the airdrop tokens are claimed then we can start buying $REZ at the price range of $0.15 - $0.25 and waiting for the Restaking narrative to explode.
Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now
Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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