Brothers and sisters, let's learn about Renzo with May:

1. What is Renzo?

Renzo is a liquid staking protocol built on top of EigenLayer.

This protocol helps users access EigenLayer products easily, while also providing liquidity for LSTs when participating in staking.

2.Outstanding Usecase product features

Cross-chain staking on Layer 2s: Renzo has partnered with Connext Network to allow users to staking wETH tokens on L2s like Arbitrum. In the future, the project will continue to expand to new L2s, to provide users with a seamless and simple experience.

Integrating a variety of protocols: Such as Pendle, Balancer, Gearbox, Curve... helps users use ezETH to participate in protocols in DeFi such as providing liquidity, swap...

Friendly interface: Renzo's interface design is quite intuitive and easy to see, allowing users to easily experience it with just a few operations.

Token Release Schedule

• Fundraising (31.56%): Tokens will be locked for the first year, then unlocked by 10% and linearly vested every month for 1 year.

• Community (32%): 7% will be unlocked at TGE according to Renzo's Season 1 airdrop program.

• Core Contributors (20%): 1 year lock, monthly linear vesting for 2 years.

• Foundation (12.44%): Vesting schedule is unknown.

• Binance Launchpool (2.5%): 100% unlocked at TGE.

• Liquidity (1.5%): 100% unlocked at TGE.

Renzo Protocol's tokenomics has encountered many negative reactions from the community in recent days. As the majority of tokens are essentially in the hands of the team, this has made many retail investors feel unfair with tokenomics designed as above.

With such tokenism, the team will most likely push quickly after the floor list and then have a big adjustment afterward