Renzo is a decentralized finance (DeFi) project focused on liquid staking technology.
• How it works:
• Users deposit tokens like ETH.
• They receive alternative tokens like ezETH that represent their assets.
• These tokens can be used and traded without losing yields.
• Advantages of Renzo:
• User-friendly.
• Offers higher returns than traditional staking.
• Provides high liquidity.
• The REZ token is used for governance.
• Project team:
Developers from financial technology experts supported by investment firms, and the project is open-source.
• Currency performance:
• The price of REZ is around $0.013.
• Market capitalization in the tens of millions.
• TVL exceeds $700 million.
• ezETH is one of the prominent liquid staking tokens.
• Challenges:
• Price volatility.
• Liquidity issues on some platforms.
• Dependence on specific networks like Ethereum.
• In summary:
A promising project that provides liquidity and yields without complication, but it carries risks like any project in the cryptocurrency market