Renzo Protocol logo

Renzo Protocol (REZ)

Active Retrodrop 🔥
Total Raise: $3,200,000
Date: 15 Jan - 26 Jul 2024

Renzo protocol is a liquid staking platform and strategy manager built on EigenLayer. It allows users to stake their ETH in exchange for APR from native staking and restaking on EigenLayer, as well as the liquid staking of token from Renzo (ezETH), which can be utilized in various DeFi applications. The platform's governance layer is powered by the native $REZ token, the primary role of which is granting users access to DAO votings within the platform.

Since its inception in mid-2023, the company has garnered the attention of leading funds and investors such as Binance Labs, OKX Ventures, and others, securing over $3.2 million from them.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Renzo Protocol Overview

Ticker: REZ
Country: United States
Industry: Blockchain Service
Founded: 2023
Whitelist: No
Blockchain Network: Ethereum, Arbitrum, Mode, Base, OKX, Binance Smart Chain.
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: Yes

Renzo Protocol Review

Renzo restaking protocol aims to provide users with an interface for the EigenLayer ecosystem not only on Ethereum but also on Arbitrum, Linea, Mode, Base, BNB and OKX L2 chain networks. 

As a liquid staking protocol, Renzo offers users a ezETH - Renzo liquid staking token in exchange for staking ETH on its platform. This token is equivalent in value to the amount of ETH contributed to Renzo. The APR for staking ETH can be tracked via the growth of ezETH. Initially, this ratio is 1:1, but over time, it increases in value according to the APR promised by the platform.

However, unlike the other protocols, the rise of value of the ezETH token backed up not only by rewards from the native staking on Ethereum but also by rewards from the restaking on EigenLayer, potentially leading to the higher returns for users. The token can be also used to earn additional APR by providing it into the DeFi LP and lending protocols, similarly to the other ETH staking protocols. 

This innovative approach garnered the remarkable attention not only from top tier funds such as Binance Labs and OKX Ventures, but also the crypto community. Since its inception in 2023, the protocol has managed to grow its TVL (total value locked) to over $3.3B

Renzo token: Recently, the platform announced the release of and IEO on Binance for its native $REZ token, which according to Binance research, will power the governance infrastructure within the Renzo protocol. 

Additionally, the tokenomics of the project mention allocation for Renzo airdrop campaigns, likely intended for ETH stakers on Renzo, allocating 10% of the total token supply.

Taking into consideration this information, the CoinLaunch team decided to conduct a comprehensive research on the project and gathered biggest pros and cons of $REZ public sale: 

 

Renzo’s Token Sale pros:

  • Highly demanded product, fully aligned with current market trends and narratives of "ETH restaking";
  • Huge TVL ($3B+) prior to the token launch; 
  • Low annual token inflation rate in the first year of the token release (4.5%).
  • Listing and IEO of the token on Binance;
  • Backing from top-tier funds including Binance Labs, Maven 11 Capital, and others;
  • Security and bug bounty audit hosted by Halborn and ImmuneFi;
  • Strong performance in PR, Social Media, Growth, and Influencer marketing;
  • Experienced leadership team;

Renzo’s Token Sale cons:

  • High annual token inflation rate in the second year after release (45%);
  • Lack of transparency in tokenomics: no information regarding the private round token amount sold and their price;
  • Weak marketing infrastructure and poor SEO performance;
  • No roadmap provided by the Renzo team.

Renzo Protocol Token Economy

Total Raise: $3,200,000
Total Supply: 10,000,000,000
Private/Pre-sale: 3,156,000,000 (31.56%)
Public Sale: 250,000,000 (2.5%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Renzo Protocol Token Sale (ICO & IDO) Rounds

Seed: Jan 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $3,200,000
Lock-Up: 12 months cliff, then ~8.3% unlocked every month.
Strategic: Feb 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: 12 months cliff, then ~8.3% unlocked every month.
IEO: Apr 2024 Past

Price: N/A
Tokens for sale: 250,000,000
Raise: N/A
Lock-Up: No Lock-Up
Retrodrop is active now! 🔥🔥🔥 Read More

Renzo Protocol Token Release Schedule

Renzo Token Release Schedule

Renzo Protocol Funds and Backers
(3/5)

Submit
binance labs logo
Binance Labs
Score: Very High
11 numbers of
investment
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IOSG Logo
IOSG Ventures
Score: High
7 numbers of
investment
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6 numbers of
investment
Read More
View All

Renzo Protocol Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  23 Apr 2024 Upgrade

Renzo Protocol Team

Kratik Lodha
Kratik Lodha
Founding Contributor
James Poole
James Poole
Founding Contributor
Cameron Michael Smith
Cameron Michael Smith
Core Contributor

Renzo Protocol News

Renzo Protocol Airdrop & Retrodrop & Bounty

Airdrop Phase 2
Renzo Protocol logo
funds
Start Date:
27 Apr 2024
End Date:
26 Jul 2024
Difficulty:
Medium
Winners:
N/A
Rewards:
N/A

Description

Renzo protocol is an EigenLayer strategy manager and native staking platform with its own Renzo liquid staking token - ezETH. It enables users to earn combined rewards from native staking and restaking while retaining liquid funds in the form of ezETH tokens. It is powered by the native Renzo coin ($REZ), primarily used for participating in the platform’s governance votings.

On April 24th, 2024, the Renzo crypto project announced the public release and airdrop of $REZ, allocating 7% of the total supply for the first phase. Then, on April 27th, it disclosed details about the second phase of $REZ airdrop, where the project allocated an additional 5% of the token supply for the airdrop. 

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