Renzo recently raised $17 million in a funding round, with backing from Galaxy Ventures and the Brevan Howard Digital Nova Fund1. These funds will be used to expand the project's recovery services, including adding support for ERC-20 tokens. Renzo is part of a new class of restoration protocols built on top of EigenLayer. Here are some interesting details about it: Native Restaking: Renzo takes users’ ETH tokens, deposited or “staked,” as security on the Ethereum blockchain. It then reuses these tokens to secure additional networks, known as actively validated services (AVS). Liquid Derivatives Platform: Renzo describes itself as a liquid derivatives platform built on EigenLayer. It secures AVS and offers a higher yield than ETH. For every liquid staking token or ETH deposited into Renzo, it in return generates an equivalent amount of Renzo’s cashback token, ezETH. Emerging Trend: Restoration is also expanding to other assets, including ERC-20 tokens. EigenLayer now accepts its own token EIGEN to secure its internal AVS, EigenDA. Other projects, like Symbiotic, also accept ERC-20 tokens for catering. In short, Renzo revolutionizes ETH restoration and simplifies the process for users.
Renzo recently raised $17 million in a funding round, with backing from Galaxy Ventures and the Brevan Howard Digital Nova Fund1. These funds will be used to expand the project's recovery services, including adding support for ERC-20 tokens. Renzo is part of a new class of restoration protocols built on top of EigenLayer. Here are some interesting details about it: Native restaking: Renzo takes users’ ETH tokens, deposited or “staked,” as security on the Ethereum blockchain. It then reuses these tokens to secure additional networks, known as actively validated services (AVS). Liquid Derivatives Platform: Renzo describes itself as a liquid derivatives platform built on EigenLayer. It secures AVS and offers a higher yield than ETH. For every liquid staking token or ETH deposited into Renzo, it in return generates an equivalent amount of Renzo’s cashback token, ezETH. Emerging Trend: Restoration is also expanding to other assets, including ERC-20 tokens. EigenLayer now accepts its own token EIGEN to secure its internal AVS, EigenDA. Other projects, like Symbiotic, also accept ERC-20 tokens for catering. In short, Renzo revolutionizes ETH restoration and simplifies the process for users.
Renzo is a liquid staking protocol that is part of a new class of projects built on top of EigenLayer. Here are some interesting details about it: Fundraising: Renzo recently raised $17 million in a funding round. The funding took place in two rounds, led by Galaxy Ventures in the first round and Brevan Howard Digital Nova Fund in the second. These funds will be used to expand the project's recovery services, including adding support for ERC-201 tokens. How it works: Renzo describes itself as a liquid derivatives platform built on EigenLayer. It secures actively validated networks (AVS) using ETH tokens deposited by users. In return, Renzo generates cashback tokens (ezETH). Additionally, Renzo now also allows for ERC-201 tokens to be staked. Binance Launchpool: Binance announced Renzo (EZ) as the 53rd project on its Launchpool platform. Users can mine EZ by staking BNB and FDUSD. Trading pairs include EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD and EZ/TRY23. In short, Renzo aims to revolutionize liquid restaking and provide yield opportunities to users. If you have any further questions, please let me know! 😊
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Certainly! “HODL” is a term commonly used by cryptocurrency investors who refuse to sell their cryptocurrency, regardless of whether the price increases or decreases. It’s particularly prevalent during bear markets when people hold onto their coins despite price drops1. If you’re a BNB holder, you might be interested in Binance’s HODLer Airdrops program. This initiative rewards BNB holders who subscribe to Binance’s Simple Earn products (Flexible and/or Locked) with airdropped tokens from small to medium-sized projects that have strong fundamentals and large circulating supplies intending to list on Binance soon. So, keep an eye out for those rewards! 😊
According to our forecasts, the price of Binance Coin (BNB) could reach between 642.75
∗∗(at the bottom of the range) and ∗∗687.98 (at the top) by July 1, 20241. However, it is important to note that price predictions are based on technical analysis and may vary depending on market conditions . If you also want to know the longer term forecast, here are some estimates:
2025: Approximately $1,4842. 2030: Approximately $2,9462. Keep in mind that these predictions are subject to fluctuations and cryptocurrency markets are often volatile. Do your own research and invest wisely! 💰🚀