Renzo (REZ) is a token based on Ethereum, specifically designed for its protocol's governance and utility functions. This token features multi-chain capabilities, enabling operation across multiple blockchain platforms, thus improving the accessibility and liquidity of assets and services in the decentralized finance (DeFi) sector. REZ is not only a governance token but also a Liquid Restaking Token (LRT), part of EigenLayer's strategic management tools. Through this token, users can safely access the EigenLayer ecosystem, participate in Actively Validated Services (AVSs), and enjoy higher returns than ETH staking.
The Renzo protocol simplifies the collaboration process between users and EigenLayer node operators, abstracting all complex operational details. REZ not only supports the Renzo protocol but is also backed by the Liquid Restaking Token ezETH, enhancing its position and functionality within the cryptocurrency ecosystem. This model enhances the connectivity of the cryptographic ecosystem, providing users with a secure and efficient way to manage cryptographic assets.
Token abbreviation: REZ
Chain: Ethereum
Contract address: 0x3b50805453023a91a8bf641e279401a0b23fa6f9
Maximum supply: 10,000,000,000
The total supply of REZ tokens is set at 10 billion, with an initial circulating supply of 1.15 billion, approximately 11.5% of the total supply. This distribution structure is intended to stimulate and maintain long-term community engagement. In terms of fundraising, 31.56% of REZ is allocated to early investors, undergoing a two-year lockup period, including a full lockup in the first year and a 10% monthly linear unlock in the second year.
The community portion accounts for 32%, used to support and develop the Renzo ecosystem. The initial 7% of the community allocation is distributed as rewards to participants in the first season of the ezPoints campaign. The remainder is reserved for the second season of the incentive campaign and various cross-chain initiatives.
Team and advisors are allocated 20%, as a reward for the Renzo Labs team and advisors who brought ezETH to market. All core contributors' tokens are fully locked in the first year, followed by a two-year linear monthly unlock.
The foundation accounts for 12.44% of the allocation, used to drive further development, risk assessments, and audits of ezETH. Additionally, 2.5% of the tokens are used in the Binance Launch Pool to promote initial liquidity.
Liquidity funds make up 1.5%, primarily used for liquidity campaigns, exchange partnerships (including centralized and decentralized exchanges), and market makers.
The core functionality of REZ includes governance voting, where token holders can vote on key operational issues, such as overall risk management frameworks, deposit and collateral asset limits, operator whitelisting, and actively validated services (AVS) management, as well as financial and community grants. These governance functions ensure that community members play a key role in the development of the protocol, enhancing the transparency and participation of the entire ecosystem.
EigenLayer is a platform that enables innovators to easily collaborate with Ethereum stakers and node operators. It allows multiple parties who do not trust each other to work together and create meaningful outcomes. EigenLayer essentially provides a simple way to utilize Ethereum's "decentralized trust" module, promoting open innovation, allowing various protocols to easily access Ethereum's computing and financial resources without developing their own validator sets.
In the EigenLayer ecosystem, there are four main components: first, Actively Validated Services (AVS), which inherit Ethereum's security through EigenLayer's support and can accommodate various networks, including sidechains and data layers. By leveraging Ethereum's resource pool, EigenLayer enhances security for activities such as middleware services, block building, and transaction ordering, paving the way for innovation in areas like MEV and PBS.
Second, Ethereum stakers can protect multiple networks by restaking their ETH, meaning they can use their existing capital to support multiple networks through smart contracts. While this offers additional yields, there is also a risk of slashing if stakers fail to meet the conditions set by the services they choose to support.
Third, node operators provide computational resources to securely run various services, including decentralized applications (DAs), oracles, and bridges. Operators have the freedom to choose the services they work for and implement the recommendations provided by the AVS.
Lastly, the EigenLayer protocol consists of a series of Ethereum smart contracts that facilitate trustless collaboration between stakers, node operators, and services. These contracts allow users to restake their assets, delegate them to node operators, and interact with on-chain service modules. Service modules have preset conditions for rewards and slashing to ensure smooth interactions between operators and services.
Website: https://www.renzoprotocol.com/
Twitter: https://twitter.com/RenzoProtocol
Discord: https://discord.gg/FMwGPDXXtf
Telegram: https://t.me/RenzoProtocolChat
Purchasing REZ tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for REZ: Use the search function within the trading platform to find "REZ", locate the trading pair, such as REZ/USDT, and click to enter its dedicated page.
3. Place an order: In the REZ/USDT trading page's spot trading area, enter the amount of REZ you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased REZ will automatically be deposited into your LBank spot wallet.
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