Binance Unveils Renzo (EZ) as the 53rd Addition to Binance Launchpool

Binance Launches Renzo (EZ) on Binance Launchpool

In an official announcement, Binance revealed Renzo (EZ) as the 53rd project on Binance Launchpool. The exchange announced the liquid staking protocol with its webpage estimated to become available in about five hours, before the Launchpool begins. Users will be able to stake their BNB and FDUSD into separate pools in order to farm EZ tokens over the next six days.

Key Dates and Details

  • Farming begins on April 24 at 00:00 UTC.
  • EZ listing on Binance is scheduled for April 30 at 12:00 UTC.
  • Trading pairs include: EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY.
  • The token will have a Seed Tag applied, indicating higher volatility and risks.
  • The maximum token supply is 10 billion EZ, with 250 million EZ allocated for Launchpool Token Rewards.
  • The initial circulating supply will be 10.5% of the maximum supply.

Renzo (EZ) Overview

Renzo is an Ethereum restaking protocol based on EigenLayer. It simplifies the complexities of restaking on EigenLayer, offering users a more accessible and liquid way to engage with the process. Renzo allows users to deposit ETH and, in the future, LSTs (liquid staking tokens), in exchange for ezETH, a liquid staking token (LRT) usable in DeFi applications.

The protocol, which recently launched its beta mainnet, aims to support more blockchains and expand its services to Layer 2 networks and other Layer 1 networks as well.

Renzo’s Future Plans and Backing

Back in February, Binance Labs invested in Renzo to support liquid restaking on the EigenLayer ecosystem.

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