Understand the Renzo protocol.
Ethereum has seen tremendous growth and traction in recent years as a pioneer in decentralized finance (DeFi).
However, despite its popularity, we all know that Ethereum faces high transaction fees and scalability issues.
To solve these problems, a new L2 solution called EigenLayer has been developed. EigenLayer aims to significantly increase Ethereum's transaction capacity and efficiency.
What is the Renzo Protocol?
Renzo Protocol is a Liquid Reset Token (LRT) and Strategy Manager for EigenLayer.
It provides access to the EigenLayer ecosystem by securing Actively Authenticated Services (AVS) and offers higher returns than Ethereum. Renzo aims to encourage the growth of EigenLayer and develop permissionless innovation on Ethereum.
The Renzo Protocol has great potential based on the success of EigenLayer. If EigenLayer gains widespread adoption, Renzo will also have a significant user base and liquidity. This will enable Renzo to deliver higher profits and more advanced features.
The more users use EigenLayer, the more liquidity and user base Renzo will see.
There are many other projects that offer staking and liquidity staking strategies. Renzo Protocol will need to provide innovative and valuable features to compete and stand out from these projects.
How to own?
By staking BNB and FDUSD on Binance Launchpool.
Joining Launchpool is simple, enter the launchpool section through the app