$REZ is a utility token of the Renzo protocol, playing a key role in the new wave of decentralized finance based on Ethereum. Renzo is positioned as a liquid restaking protocol, allowing users to earn additional income from staking ETH while simplifying the technical aspects of the process.
What is Renzo?
Renzo is a strategy manager for the EigenLayer platform, which provides security for Actively Validated Services (AVS). The protocol allows users to stake ETH or liquid staking tokens (LST), receiving in return the ezETH token, which yields rewards in ETH, USDC, and AVS tokens.
The Role of the REZ Token
The REZ token is used for protocol governance: voting on updates, participating in decision-making, and incentivizing activity within the ecosystem. Its maximum supply is 10 billion tokens, with over 2.6 billion already in circulation.
Integration with Binance
In April 2024, REZ was launched on Binance Launchpool, where users could farm tokens by staking BNB and FDUSD. After the farming was completed, REZ became available for trading on Binance in pairs with USDT, BTC, BNB, and others.
Prospects
Renzo aims to make restaking accessible to everyone by integrating with ecosystems such as EigenLayer, Symbiotic, and Jito Network. With a simple interface, high profitability, and active development, $REZ it has the potential to become an important element of DeFi infrastructure.
This token is not just a tool, but part of a strategy that changes the approach to staking in Ethereum.
