RENZO, which was invested by Binance Labs in February this year, was originally called EZ. It was forced to change its name to REZ because of a project with the same name. Maybe I prefer the two letters EZ, which is easier to remember than calling it. For me who speaks Northeastern English, these two letters represent "simple Eazy", so I can remember it. After changing it to REZ, it killed 500 brain cells. Our Northeastern English memory method is R=ah, EZ=simple, so I can only call it "ah simple dead".
REZ's Lanchpool has a total of six days, with three days left. During these days, everyone is sweating in the mines, watching their harvests every day. I am basically lying down in the Lanchpool mine, waiting for REZ to go online and start eating.
This year, the re-staking projects of EigenLayer, similar to REZ, are quite popular, but many people who are in a hurry to eat don’t quite understand the meaning of Eigenlayer. Generally speaking, people only think about the meaning of some English words when they are full. But if someone talks about the meaning of eating before eating, they may enjoy the meal more. As for the spelling of Eigenlayer, it is not English at all but German. It is translated into English as Ownlayer, and Chinese as "own layer". The currency circle dictionary should be understood as re-staking. When many people are confused about staking, there is another re-staking. Many people's brains are burned out and they don't understand the meaning of re-staking at all. If something has no meaning, it naturally cannot generate value, let alone economic value. So here we have to give meaning to Eigenlayer.
The meaning of Eigenlayer is to use food coupons to get free eggs.
I believe 99.99% of my friends will understand instantly when I say this.
It makes sense to exchange food for food coupons, and it also makes sense to save food coupons to give you eggs to improve your diet. So we think REZ is the eggs I want.
If we replace food with ETH, it will be easy for us to understand what RENZO is going to do.
The first ETH pledge will get the liquidity staked ETH token. Commonly used staked tokens are: 1. wBETH (Binance) 2. osETH (Stakewise) 3. swETH (Swell) 4. AnkrETH (Ankr) 5. EthX (Stader) 6. oETH (Origin ETH). These staked certificates are equivalent to food stamps.
Then, we can re-stake ETH or the tokens obtained after staking ETH on RENZO to get EZETH.
We can understand the EZETH here as the certificate obtained after pledging the food coupons. ETH is valuable as food, food exchanged for food coupons is valuable, and the certificate exchanged for food coupons is also valuable.
Through secondary staking, we just need to wait for the receipt of REZ eggs.
Then why is RENZO the golden goose that can lay eggs?
This is another question that many people can’t figure out.
Because we are a blockchain, and blockchain requires verification nodes.
This is a huge deal for Bitcoin and Ethereum.
Bitcoin does not have verification nodes. Verification is performed through mining machines across the entire network, and the POW algorithm greatly reduces its efficiency.
ETH also had to pass POW verification before, so everyone took out their graphics cards to do the computing power and verify the blocks.
After the Cancun upgrade, ETH has entered the era of POS verification. In the past, the more work you did in POW verification, the more verification authority you had. After ETH Cancun, it entered the POS era, and the more you hold, the more you have the right to verify.
RENZO will do this. He will use the ETH we pledge, or the food coupons exchanged from ETH, or the EZETH exchanged from the food coupons, to be our spokesperson on the blockchain.
Now everyone understands that in the POW era, mining machines are justice. In the POS era, having currency, food coupons, and food coupon vouchers is justice.
Once RENZO has an important voice, it will allow those who pledge ETH and food coupons to obtain GAS.
GAS is easy to understand. Every transaction on the blockchain requires a fee to be paid to the miners. In the POW era, we paid fees to the mining machines. In the POS era, we paid GAS fees to those who pledged ETH and ETH food coupons.
The more you stake, the more you get. Secondary staking like RENZO makes it easier and more convenient for us to get this fee.
RENZO allows us to simply and directly obtain ETH and then pledge the eggs laid by the laying hen, which makes REZ generate value.
The cryptocurrency world is about storytelling, and with stories, value is created.
At the same time, the cryptocurrency world is also about human relationships. Only with human relationships can we avoid the fighting and killing in the underworld. Defillama data shows that Ether.fi's TVL is 3.8 billion US dollars, ranking first in the LRT track. Renzo's TVL is 3.3 billion US dollars, ranking second in the LRT track. So in this story, we saw ETHFI listed on Binance, and we will soon see REZ coming to Binance through Launchpool.
According to the price estimate of ETHFI after its listing on Binance, the price of REZ after listing will be in the range of US$0.4-0.6.
In addition to being able to receive REZ by staking BNB through Lauchpool, it is also possible to obtain it through Megadrop in the future.
Maybe many people have just figured out what Lauchpool is, which is to use BNB and FUSD to pledge in exchange for pocket money.
The word Megadrop is too difficult to spell, and many friends are confused again.
This word, translated into Chinese by Google, means giant howitzer, which makes my head buzz when I hear it.
But I, who speaks Northeastern English, recognize the word "drop" here, which obviously means to smash. The prefix Mega, in Northeastern English, means beautiful garden, Memei, ga=garden, which means to dig in a small garden, plant big seeds and grow big flowers.
It's over, guys. Simple and direct Northeastern English will let you know what Megadrop is doing in a second. It's just to short the market. It's a literary name, with a giant howitzer and waiting for air raid in the garden. To put it bluntly, it's not much different from Lauchpool. One is to pledge money to eat, and the other is to eat by posing.
Well, well, Bitcoin has just reduced its production in the past two days, and it is taking a breather to adjust. You don’t need to stick to it, just come to Megadrop Garden or lauchpool to plant seeds and wait for them to bloom and bear fruit.
#REZ $REZ #lauchpool #Megadrop
