Introduction
Renzo is a revolutionary Liquid Restaking Token (LRT) and Strategy Manager designed specifically for EigenLayer. It serves as the interface to the EigenLayer ecosystem, securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking. The protocol is designed to abstract all complexity from the end-user, enabling easy collaboration between them and EigenLayer node operators.
Backing and Investment
Renzo is a liquid derivative platform built on EigenLayer. It is backed by Binance Labs and has recently raised a significant $3.2 million from investors. This includes prominent names like Maven 11 Capital, OKX Ventures, and others, demonstrating a strong vote of confidence in the platform’s potential.
Airdrop Announcement
In exciting news, Renzo is airdropping 7% of the token supply to its participants. Users can now begin claiming their REZ, the governance token of the Renzo platform. The claim window will be open for 30 days, providing ample time for users to claim their tokens. Additionally, the second round of the airdrop has begun, offering even more opportunities for users to participate.
Step-by-Step Guide to Claiming REZ Airdrop
- Visit the Renzo Airdrop Claim Page – The first step is to navigate to the Renzo airdrop claim page.
- Connect Your Wallet – Connect your wallet to claim the REZ governance token. Renzo supports various wallets, including MetaMask and Trust Wallet.
- Check Eligibility – If you have met the requirements that must have been met before April 26, 2024, you will be able to claim your share of REZ tokens. Users who had staked and earned at least 360 points are eligible for the airdrop.
- Claim Your REZ Airdrop – You’ll have 30 days to claim your REZ airdrop. Wallets with more than 500k ezPoints will unlock 50% at TGE, with the remainder now vesting linearly over 3 months.
Season 2 of the Airdrop
The team has also ramped up the airdrop allocation from 5% to 7% of the token supply. Season 2 of the airdrop has begun, with 5% of the REZ supply allocated for this season. Additionally, season 1 participants will receive a 10% boost, and the team has increased the token allocation for the community from 30% to 32%.
How to Stake Tokens on Renzo
- Visit the Renzo Website – Start by visiting the Renzo website.
- Connect Your Wallet – Connect your MetaMask, Trust Wallet, or any of the wallets mentioned.
- Select Token and Chain – Select the token and chain that you wish to stake. Renzo currently supports tokens from Ethereum, Arbitrum, Binance, Base, and a few other chains.
- Acquire Necessary Tokens – You will need some ETH, wBETH, stETH or wETH. You can get them on Binance.
- Stake Your Tokens – Now stake your tokens. You will get the ezETH (LRT) in return.
- Start Earning Yield – Now, you will start earning yield. Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
Referral Bonus
Renzo also offers a referral bonus. You can get 10% of Renzo points from each referral, providing an additional incentive to participate in the platform.
Conclusion
Renzo strongly advocates for EigenLayer and its goal of facilitating permissionless innovation on Ethereum, and programmatically acquiring trust for the ecosystem. Renzo is built to promote the widespread adoption of Eigenlayer, making it an exciting platform to watch in the crypto space.
For more details about the updated airdrop conditions, visit the official announcement.
