Binance Launches Renzo (EZ): Liquid Restacking Protocol

Starting from April 30, 2024 (UTC), Binance, a well-known cryptocurrency exchange, will introduce Renzo (EZ) as its newest project in the Launchpool program. Renzo brings something new to the crypto world with its innovative liquid staking protocol for mining. Instead of traditional mining methods, users can now participate by simply depositing BNB and FDUSD. The total supply of Renzo coins is capped at 10 billion, with an initial circulation of 1.06 billion coins.

Starting April 24, 00:00 (UTC), Renzo’s system lets users deposit BNB and FDUSD into separate pools to earn EZ tokens over a six-day period. This method not only distributes tokens but also encourages active user involvement, boosting community engagement within the Renzo platform.

Prior to now, Binance Labs demonstrated their confidence in the Renzo project by making an investment. This action served as a sign of reliability within the community. As the initial exchange to list Renzo, Binance will offer trading pairs such as REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY.

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2024-04-24 01:56