Renzo has been officially announced as the 53rd project highlighted on the Binance Launchpool, allowing users to stake BNB and FDUSD for EZ tokens.

Cryptocurrency exchange Binance Renzo has chosen its liquid restaking protocol as part of its project announcement. Renzo (EZ) has been selected as the 53rd entry on Binance's Launchpool platform, providing participants the opportunity to farm EZ tokens over a six-day period, starting at 00:00 UTC on April 24th.

In the ecosystem, Renzo functions both as a liquid restaking token (LRT) and serves as a Strategy Manager, facilitating connections between users and EigenLayer node operators while enhancing security for Actively Validated Services (AVSs) and offering superior yield compared to traditional ETH staking. EigenLayer Once the staking period concludes, Binance intends to list the EZ token for trading at 12:00 UTC on April 30th, with trading pairs that include BTC, USDT, BNB, FDUSD, and TRY.

Keep up with the latest cryptocurrency distributions by checking our platform.

Details about Renzo's EZ token were unveiled, including insights on its supply and practical uses. Airdrops Calendar .

The EZ token has a total cap of 10 billion, with an initial circulating amount of 1.05 billion. Among this, 250 million tokens are designated as incentives for Launchpool participants, making up 2.5% of the total supply.

As the core utility and governance token of the Renzo protocol, EZ allows holders to participate in governance decision-making impacting the protocol's future. These decisions are vital for the protocol's performance. Furthermore, ezETH, Renzo's liquid restaking token, lets users partake in restaking opportunities while maintaining liquidity.

Over 40% of the total token supply is planned for the DAO treasury and team, while 31.56% is allocated for investors and advisors. Furthermore, 13.44% will benefit the foundation, 10% is set aside for airdrops, and the remaining 5% will be split between liquidity provisions and the Binance Launchpool.

In delineating EZ tokenomics, Renzo Earlier in the year, Binance Labs, the venture capital branch of Binance, made an undisclosed investment to reaffirm its commitment to emerging businesses in the sector.

Currently, Renzo boasts a total value locked (TVL) of $3.31 billion, as noted on the official project site. provided Renzo Please remember that the information presented here should not be construed as legal, tax, investment, financial, or any other type of professional advice. Always invest within your financial means and seek independent advice if uncertain. For comprehensive details, please refer to the issuer's terms and conditions and the support resources provided. MetaversePost is dedicated to delivering accurate and impartial reporting, but please understand that market conditions may adjust without prior notification. staking and restaking Alisa, a passionate journalist at Cryptocurrencylistings, specializes in the cryptocurrency landscape, zero-knowledge proofs, investments, and the broader context of Web3. With an eye for emerging trends and innovations, she brings insightful coverage to keep readers informed in the fast-paced world of digital finance.