Binance today launched a new project on Launchpool called Renzo (REZ), which is the governance token of the liquidity re-collateralization protocol Renzo. The maximum supply of REZ is 10 billion tokens, with Launchpool accounting for 2.5% of the token supply. The event started today (4/24), and investors can stake FDUSD or BNB to receive REZ tokens.
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Launchpool New Project – Renzo (REZ)
REZ Airdrop to be Launched on 4/30
The supported currencies for staking are as follows:
BNB: Rewards 212,500,000 REZ (85%)
FDUSD: Rewards 37,500,000 REZ (15%)
Activity Period: From 4/24 8:00 (Taiwan time) to 4/30 7:59, a total of six days.
Renzo is a liquidity re-collateralization protocol that abstracts away all the complexities of collateralization for end users and supports easy collaboration with EigenLayer node operators and Authentication Verification Services (AVS). Its ezETH allows users to re-collateralize while maintaining liquidity. REZ, on the other hand, is the native utility and governance token of the Renzo protocol, which will be used for voting on governance proposals for the Renzo protocol.
The total supply of REZ is 10 billion tokens, and the circulating supply after listing will be 1.05 billion tokens (approximately 10.5% of the total token supply), with 2.5% allocated in Binance Launchpool.
Binance will also list the REZ token at 8 PM on the evening of the Launchpool end date (4/30), including trading pairs such as REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY.
Launchpool
Renzo
REZ
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