Thursday, November 21

    Renzo

    2 Mins Read

    • Total value: n/a
    • ✅ Airdrop confirmed
    • Platform: ETH

    Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking. The protocol abstracts all complexity from the end-user and enables easy collaboration between them and EigenLayer node operators.

    Renzo is a liquid derivative platform built on EigenLayer. It is backed by Binance Labs and has recently raised $3.2 million from investors like Maven 11 Capital, OKX Ventures, and others.

    Users can stake ETH and earn EigenLayer points as well as Renzo points. Renzo confirmed the airdrop in a recent announcement alongside the REZ token launch.

    Step-by-Step Guide:

    1. Visit the Renzo website.
    2. Connect your MetaMask, Trust Wallet, or any of the wallets mentioned.
    3. Select the token and chain that you wish to stake.
    4. Renzo currently supports tokens from Ethereum, Arbitrum, Binance, Base, and a few other chains.
    5. You will need some ETH, wBETH, stETH or wETH. You can get them on Binance.
    6. Now stake your tokens.
    7. You will get the ezETH (LRT) in return.
    8. Now, you will start earning yield.
    9. Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
    10. Also, get 10% of Renzo points from each referral.
    11. Even though the airdrop was initially speculation, Renzo confirmed the airdrop in a recent announcement.
    12. Renzo announced the launch of their REZ token on April 30, 2024.
    13. The team is also airdropping 5% of the token supply to its participants.
    14. The current airdrop ends on April 26, and season 2 of the airdrop will begin immediately after.
    15. You still have time to participate and be eligible for season 1 of the airdrop.
    16. Season 1 airdrop claim will go live on May 2, 2024.
    17. Additionally, the largest wallets will be subject to a 50% linear vest over 6 months.
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