RENZO

Airdrop Renzo

Renzo makes restaking on EigenLayer accessible to everyone!
Binance Labs, the venture capital and incubation arm of Binance, has invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, built to promote the widespread adoption of EigenLayer. The protocol’s mission is to develop shared security on EigenLayer and set the standard for risk management in restaking.

It is backed by Binance Labs and has recently raised $3.2 million from investors like Maven 11 Capital, OKX Ventures, and others. Renzo airdropped 7% of the total supply in Season 1 to users who had staked and earned at least 360 points, which has now ended. Season 2 of the airdrop has begun, and 5% of the REZ supply is allocated for the airdrop.

Yi He, Co-Founder of Binance and Head of Binance Labs commented: “Renzo’s technology addresses the complexities of Liquid Restaking, enabling more users to participate in Liquid Restaking. At Binance Labs, we are always seeking innovative DeFi projects that introduce novel use cases, and we look forward to witnessing Renzo’s growth in the Liquid Restaking sector.”

Step-by-Step Guide:

• Visit the Renzo website.
• Connect your MetaMask, Trust Wallet, or any of the wallets mentioned.
• Select the token and chain that you wish to stake.
• Renzo currently supports tokens from Ethereum, Arbitrum, Binance, Base, and a few other chains.
• You will need some ETH, wBETH, stETH or wETH. You can get them on Binance.
• Now, stake your tokens.
• You will get the ezETH (LRT) in return.
• Now, you will start earning yield.
• Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
• Also, get 10% of Renzo points from each referral.
• Users who had staked and earned at least 360 points were eligible for the Season 1 airdrop, which has now ended.
• Season 2 of the airdrop has begun and 5% of the REZ supply is allocated for the airdrop.
• Additionally, season 1 participants will receive a 10% boost.
• For more details about the updated airdrop conditions, visit the official announcement.

Requirements:

• You will need some ETH, wBETH, stETH or wETH
  
  
  
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  Disclaimer: This content is for educational and informational purposes only and not financial advice. Conduct thorough research before making any deposit/investment decisions (Do Your Own Research).
  
  
  
  
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