Users will be able to Stake BNB and FDUSD into separate pools to farm REZ Token over a period of 6 days, with farming time starting at 07:00 on April 24, 2024 (Vietnam time).
Binance will then list REZ at 19:00 on April 30, 2024 (Vietnam time) and open trading with the trading pairs REZ/ BTC, REZ/ USDT, REZ/ BNB, REZ/FDUSD and REZ/ TRY. Seed Tag will be applied to REZ.
Detailed information about Renzo Protocol (REZ) Launchpool:
Token name: Renzo (REZ)
Total supply: 10,000,000,000 REZ
Launchpool reward: 250,000,000 REZ (2.5% of total supply)
Initial circulating supply: 1,050,000,000 REZ (10.5% of total supply)
Smart Contract Addresses: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per user:
147,569.44 REZ in BNB pool
26,041.67 REZ in FDUSD pool
Supported pools:
Stake BNB : Reward 35,416,666.67 REZ (85%)
Stake FDUSD : Reward 6,250,000 REZ (15%)
Farm time: 07:00 April 24, 2024 to 6:59 April 29, 2024 (Vietnam time)
Renzo Protocol is a Liquid Derivatives platform on EigenLayer, an AVS (Actively Validated Service) node security service application that brings higher ETH reStaking profits than simple projects.
Normally, Validators on Ethereum can bring Stake ETH through the Eigen Layer to reStaking again for the purpose of earning profits when participating in a service chain such as Data Availability Layer through a type of node called Actively Validated Service (AVS). ).
Renzo Protocol will allow reStaking of ETH or LST (Liquidity Staking Token) that have been Stake into EigenLayer AVSs to receive ezETH. Or it can be simply called Re-re- Staking -.-
Up to now, Renzo has achieved 3.33B Total Value Staked with an APR of 1.39%. Thanks to being listed on Binance Launchpool, the current project has climbed to 2nd place in terms of Total Value Staking in the Liquidity Staking niche after Ether.fi.
VIC Crypto compiled
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