Renzo (REZ) Investment Research Report: Simplifying the pledge process and empowering governance of REZ tokens
Renzo (REZ) has been launched on HIBT on April 30. Renzo is a protocol designed to simplify the staking process for users and supports collaboration with EigenLayer node operators and verification services (AVS). With ezETH, a liquid re-mortgage token, users can re-mortgage while maintaining liquidity. $REZ is the native utility and governance token of the Renzo protocol and will be used to vote on the protocol’s governance proposals. REZ is currently open for trading on HIBT.
Token information:
Token name: Renzo (REZ)
Maximum supply of tokens: 10,000,000,000 REZ
Initial circulation: 1,050,000,000 REZ (10.50% of the maximum supply of the token)
Total mining volume: 250,000,000 REZ (2.5% of the maximum supply of the token)
Token distribution:
Binance Launchpool: 2.50% of total token supply
Airdrop: 10.00% of total token supply
Investors and advisors: 31.56% of total tokens
Team: 20.00% of total tokens
Foundation: 13.44% of total tokens
DAO Treasury: 20.00% of total tokens
Liquidity: 2.50% of total token supply
Financing status:
Renzo Protocol completed a $3.2 million seed round of financing in January, with a valuation of $25 million, led by Maven11, with participation from OKX Ventures, IOSG Ventures, Figment Capital, SevenX Ventures and others. In February, binance labs also invested in Renzo, but the specific investment amount is unknown.
Project Benefits:
Simplified operation: Renzo provides a simple and easy-to-use interface, users can easily deposit native ETH and LST, and interact with the EigenLayer protocol without knowing the complex underlying details.
High level of abstraction: As part of EigenLayer, Renzo successfully abstracts away the complexity of the protocol, allowing users to focus on the core goals without worrying about technical details.
Flexible deposit and delegation mechanism: Renzo supports users to deposit native ETH and LST and delegate them to multiple operators in EigenLayer, realizing a flexible deposit and delegation mechanism.
Upgradeability and continuous development: Renzo’s smart contracts adopt an upgradeable design, allowing them to flexibly adapt to changes and developments in the EigenLayer protocol.
Reward mechanism and points system: Renzo motivates users’ participation and contribution by providing deposit promotion plans, reward mechanisms and points systems, enhances users’ sense of participation and loyalty, and promotes the healthy development of the ecosystem.
Future outlook:
The Renzo protocol will continue to expand its user base, integrate with more projects, and continuously optimize and improve the protocol to meet the growing needs of users and the ecosystem. With the development of DeFi and encrypted financial markets, Renzo is expected to become a leader in the field of liquidity re-hypothecation, providing users with more financial services and application scenarios.
Summarize:
As an important player in the field of liquidity re-hypothecation, Renzo Protocol has attracted the attention of many users and investors through its advantages such as simplified operations, high abstraction, flexible deposit and delegation mechanisms, upgradeability and continuous development, as well as reward mechanisms and points systems. focus on. As the protocol continues to develop and improve, Renzo is expected to become an indispensable part of the DeFi and crypto financial markets, providing users with more convenient and efficient liquidity re-hypothecation services.