REZ Coin, the token of Renzo Protocol, recently airdropped and entered the market with a strong $289M cap. This remarkable debut was shortly followed by the coin experiencing a 35% plunge after it was listed on Binance. Details about REZ tokenomics and the procedures for ezPoints claiming were released as part of Renzo's growth strategy. The move may be influenced by Changpeng Zhao's projected bolster to certain altcoins, with REZ making its entrance into Binance's Launchpool as the 53rd project. Expected trends and predictions for REZ have sparked investor interest, with some analysts speculating a significant pump soon.
Renzo protocol capitalized on the current restaking frenzy to raise $17M successfully from Galaxy and Brevan Howard. This boost aligns with Renzo's positioning as a leading ETH liquid restaking protocol with an impressive $3.3B already locked in Total Value Locked (TVL). Following the airdrop and Binance listing, however, REZ experienced a dip.
Renzo's ezETH suffered a brief crash on Uniswap, followed by an eventual depegging to $688 post the airdrop farming window. Amidst these happenings, Binance revealed its plan for distributing REZ, Renzo's governance token. Renzo Protocol has also successfully raised $17M across two funding rounds and continues to be a vital player in the altcoin market.
REZ Coin News Analytics from Thu, 05 Jan 2017 08:00:00 GMT to Sat, 09 Nov 2024 23:45:18 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -3
