Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The protocol abstracts all complexity from the end-user and enables easy collaboration between them and EigenLayer node operators.
Step-by-Step Guide:
- Visit the Renzo website.
- Connect your MetaMask, Trust Wallet, or any of the wallets mentioned.
- Select the token and chain that you wish to stake.
- Renzo currently supports tokens from Ethereum, Arbitrum, Binance, Base, and a few other chains.
- You will need some ETH, wBETH, stETH or wETH. You can get them on Binance.
- Now stake your tokens.
- You will get the ezETH (LRT) in return.
- Now, you will start earning yield.
- Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
- Also, get 10% of Renzo points from each referral.
- Even though the airdrop was initially speculation, Renzo confirmed the airdrop in a recent announcement.
- Renzo announced the launch of their REZ token on April 30, 2024.
- The team is also airdropping 5% of the token supply to its participants.
- The current airdrop ends on April 26, and season 2 of the airdrop will begin immediately after.
- You still have time to participate and be eligible for season 1 of the airdrop.
- Season 1 airdrop claim will go live on May 2, 2024.
- Additionally, the largest wallets will be subject to a 50% linear vest over 6 months.
Renzo is a liquid derivative platform built on EigenLayer. It is backed by Binance Labs and has recently raised $3.2 million from investors like Maven 11 Capital, OKX Ventures, and others.
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