↘ Renzo Coin Soars and Dips Amidst Restaking and Binance Listing

Renzo Protocol has been involved in some dramatic actions. With the recent 'ezSOL' initiative, it has jumped into Restaking on Solana, while, the teaming up with Jito for the LRT token launch. Meanwhile, the REZ token, Renzo's signature cryptocurrency, has experienced an over 35% drop since its listing on Binance. The protocol also has managed to handle an impressive $150m volume following a spectacular airdrop. The Earn Renzo Protocol (REZ) Tokens initiative mix it up with BNB or FDUSD staking options. The REZ token debuted with a sizeable market capitalization of $289 million, only to dip after the airdropping event, getting exposed to backlash from the community. As a result, Renzo’s ezETH depegs to $688 following the end of this airdrop farming window. Binance highlighted Renzo (REZ) as their 53rd Launchpool Project. In return, this brought some cost to Renzo Restaked ETH, which suffered a brief crash on Uniswap. However, efforts are still ongoing to stabilize the token and streamline ETH liquid restaking on EigenLayer. Finally, Binance revealed a distribution plan for Renzo's governance token REZ, whereas Renzo's ezETH token depeg initiated liquidations across various DeFi platforms.

Renzo Coin News Analytics from Tue, 06 Sep 2022 07:00:00 GMT to Wed, 14 Aug 2024 20:03:31 GMT - Rating -2 - Innovation 5 - Information 7 - Rumor -1