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Renzo Protocol is a liquid staking platform and EigenLayer strategy manager. It enables users to stake their ETH in exchange for staking and restaking APR, as well as ezETH LST that can be used in various DeFi applications to earn additional rewards. It is powered by the native Renzo token ($REZ), which will be used for participating in the platform’s governance votings.
On April 23, 2024, the platform announced token IEO followed by listing on Binance, allocating 2.5% of the $REZ total supply for sale.
CoinLaunch Score:
Last update:
Very High
23 Apr 2024
Renzo Protocol - IEO Round on Binance Overview
start date:
24 Apr
end date:
30 Apr
price:
N/A
tokens for sale:
250,000,000
Raise:
N/A
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Service
Lock-up:
Launchpad
No Lock-Up
Binance Launchpad
How to join Renzo Protocol - IEO Round on Binance?
To participate in the $REZ IEO on Binance, you need to have a registered account and complete KYC verification on Binance. Then, you should acquire some BNB or FDUSD tokens on your Binance account, visit the launchpool page, pick a Renzo IEO page, and stake those tokens.
On an hourly basis, you will receive rewards proportional to your share in the FDUSD and BNB staking pools, while the total rewards for each staking pool are:
- 212,500,000 $REZ for BNB staking pool (85% of total rewards);
- 37,500,000 $REZ for FDUSD staking pool (15% of total rewards).
❗️PRO TIP: While the rewards for the BNB staking pool are much higher than for FDUSD, consider that the FDUSD pool usually has much less value locked. This means that your share in the FDUSD pool might be significantly higher than in the BNB pool, leading to higher rewards.
Also, make sure you are aware of price fluctuations of $BNB usually related to the IEOs before purchasing and staking $BNB. The CoinLaunch team always advocates for doing your own research and running your own numbers before participating in any projects, while using CoinLaunch as a foundation for your research.
If you would like to dive deeper into the Renzo crypto project, visit our project review.
Good Luck!
Step-by-step Guide
Log in or sign up on Binance;
Complete KYC verification;
Purchase some FDUSD or BNB;
Visit the Binance launchpad page;
Tap on the $REZ IEO;
Stake BNB or FDUSD;
Wait for the end of farming period;
Receive your tokens.
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