Renzo Protocol has successfully garnered attention in the crypto community, particularly with the debut of its native crypto token,
REZ. Interestingly, Renzo's token launched with an impressive
$289M market cap, but later encountered market resistance, causing it to plummet over 35% after its listing on
Binance. However, traders remain optimistic, predicting a significant pump soon. In an effort to boost user engagement, Renzo released details about
REZ Tokenomics and ezPoints claiming process. Additionally, Binance has declared Renzo as the 53rd project in its launchpool, allowing users to farm EZ over six days. REZ has managed to raise $17M from prominent figures like Galaxy and Brevan Howard by capitalizing on the restaking frenzy. Despite the earlier price slump, REZ was able to maintain its trajectory due to the launchpool initiative coupled with new staking protocols simplified by Renzo. Nevertheless, it is crucial to be alerted that scammers targeted Renzo's Discord recently. The
ezETH from Renzo also experienced a sudden depeg to $688, following the end of its
airdrop farming window. In its pursuit to expand reach, the REZ Governance Token debuted on Solana, leveraging Wormhole. Binance has also released a distribution plan for Renzo's governance token, providing clarity to token holders. Amid these developments, it's essential to consider that Renzo had to endure two rounds of funding raising $17 Million, and it witnessed alarmingly disparities in TVL/Market Cap.
REZ Coin News Analytics from Fri, 10 Feb 2017 08:00:00 GMT to Mon, 14 Oct 2024 08:11:56 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor 4
