Renzo protocol is a liquid staking platform and strategy manager built on EigenLayer. It allows users to stake their ETH in exchange for APR from native staking and restaking on EigenLayer, as well as the liquid staking of token from Renzo (ezETH), which can be utilized in various DeFi applications. The platform's governance layer is powered by the native $REZ token, the primary role of which is granting users access to DAO votings within the platform.
Since its inception in mid-2023, the company has garnered the attention of leading funds and investors such as Binance Labs, OKX Ventures, and others, securing over $3.2 million from them.
Renzo restaking protocol aims to provide users with an interface for the EigenLayer ecosystem not only on Ethereum but also on Arbitrum, Linea, Mode, Base, BNB and OKX L2 chain networks.
As a liquid staking protocol, Renzo offers users a ezETH - Renzo liquid staking token in exchange for staking ETH on its platform. This token is equivalent in value to the amount of ETH contributed to Renzo. The APR for staking ETH can be tracked via the growth of ezETH. Initially, this ratio is 1:1, but over time, it increases in value according to the APR promised by the platform.
However, unlike the other protocols, the rise of value of the ezETH token backed up not only by rewards from the native staking on Ethereum but also by rewards from the restaking on EigenLayer, potentially leading to the higher returns for users. The token can be also used to earn additional APR by providing it into the DeFi LP and lending protocols, similarly to the other ETH staking protocols.
This innovative approach garnered the remarkable attention not only from top tier funds such as Binance Labs and OKX Ventures, but also the crypto community. Since its inception in 2023, the protocol has managed to grow its TVL (total value locked) to over $3.3B.
Renzo Token
🔥Highly demanded product, fully aligned with current market trends and narratives of "ETH restaking"
🔥Huge TVL ($3B+) prior to the token launch
🔥Low annual token inflation rate in the first year of the token release (4.5%).
🔥Listing and IEO of the token on Binance
🔥Backing from top-tier funds including Binance Labs, Maven 11 Capital, and others
🔥Security and bug bounty audit hosted by Halborn and ImmuneFi
🔥Strong performance in PR, Social Media, Growth, and Influencer marketing
🔥Experienced leadership team

What is the ezETH Token?
The ezETH token is the native token of the Renzo Protocol that represents a user’s re-stake activities. Users that deposit ETH or other approved tokens receive ezETH tokens, which hold similar value and can be used for transactions.
The ezETH token is a reward-bearing token, so its price increases relative to the underlying asset and its earned reward. These earned rewards can be in ETH, USDC, and AVS reward tokens. Users can also withdraw their staked tokens and rewards.
Withdrawing assets involves unstaking the deposited assets, and it is subject to the re-staking strategy and EigenLayer’s unstaking protocol. The withdrawal process can take at least seven days, depending on the above factors.
Directly withdrawing ezETH tokens is not enabled. Instead, users can sell their ezETH to balancers who would convert the ezETH token to ETH. That is why the token has zero circulating supply and a total supply of 282,469 ezETH.
The ezETH token provides some potential benefits to its holders. The token leverages the EigenLayer to offer higher yields than traditional staking protocols.
It also allows for flexible asset management. With the ezETH token, users can reap the benefits of staking on Ethereum while participating in DeFi transactions.
The Renzo Protocol’s strategy manager automatically selects validators based on specific criteria to minimize slashing risks associated with validator misconduct.
Finally, the protocol allows for cross-chain staking features, allowing holders to re-stake on popular layer two projects using wETH. This expands the investment opportunities open to Renzo users.
A major advantage of the Renzo Protocol is the enhanced yield combined with the ezETH token, allowing re-staking assets on multiple projects.Another advantage is the cross-chain capacity, which simplifies the staking experience. And a user-friendly Interface with reduced cost.The project also has the possibility of future multi-token support for WBETH and Lasts from other projects. Using the EigenLayer, Renzo Protocol can provide a secure, trustless staking experience.
👉 Renzo currently is super hyped especially after Binance Launchpool Announcement. I am sure we will be way above OTC Prices long-term here. Personally farming and will buy on Listing as well!
🔥 You can farm using your BNB or FDUSD:
Go to https://launchpad.binance.com/en and choose either to stake your $BNB or $FDUSD
Staking your BNB is bringing you another huge benefits. You are participating in the Binance Megadrop as well!

Megadrop,” the new program is a token launch platform where users “can subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange,” according to a Binance blog post.
IMPORTANT RECENT UPDATES FROM RENZO
🔥With the successful upgrade to EigenLayer M2 contracts, the Renzo team has prioritized working with multiple audit firms to prepare the protocol for Mainnet withdrawals:
🔥HalbornSecurity a trusted partner from Day 1 is doing a full re-audit of the protocol to be complete mid May
🔥Sigma Prime a new audit partner is scheduled to be complete by the end of May
🔥Code4rena audit contest is scheduled to begin the first week of May.
AIRDROP UPDATES
Snapshot & Claim Timeline:
👉Snapshot date remains on April 26th, 2024
👉Claim date is changing to April 30th, 2024 (1 hour before Binance listing)
Tokenomics Update:
👉Community: Total increasing from 30% to 32%
👉Total Airdrop allocation increasing from 10% to 12%
👉Season 1 increased from 5% to 7% total supply (2% increase is coming from Liquidity (MMs) & Foundation)
👉Season 2 allocation remains at 5% total supply
Binance Launch pool:
👉Remains at 2.5% total supply
Airdrop Eligibility:
👉Minimum qualification is 360 ezPoints per wallet
👉Majority of all eligible wallets, greater than 99%, are fully unlocked at TGE
👉A higher threshold is being applied for the largest wallets. Wallets with more than 500k ezPoints will unlock 50% at TGE with the remainder now vesting linearly over 3 months.
This Recent Updates about the Airdrop are really important and show how passionate Renzo team is and how they care for the Community and put them on 1st Place!
👉Still few days left to farm Renzo Folks. It's always good to start as early as you can! See some previous Binance Launchpool Projects performance. All are doing very good and will do even better with the upcoming Bull Cycle!
Happy Farming 🚜
#BinanceLaunchpool #RENZOLAUNCHPOOL

Hey Folks, time to get to know #RENZO
After the Dencun upgrade, Liquid staking surged in popularity with higher TVL. Renzo Protocol ranked in the top three in LSDfi market projects by TVL and received an investment from Binance Labs on February 22, 2024, marking the second liquid restaking protocol funded by Binance Labs after Puffer Finance.
What Is Renzo?
Renzo, a cross-chain Liquid Restaking protocol on the EigenLayer, allows users to stake ETH and other liquid staking tokens (LSTs) on platforms like Ethereum, Arbitrum, and BNB Chain. Staking rewards users with ezETH, which can earn ezPoint rewards for future airdrops and restaking.
By optimizing capital utilization, users can maximize their return on investment. Currently, Renzo ranks as the third-largest project in the Liquid Staking segment in terms of Total Value Locked (TVL), reflecting its increasing popularity and user trust.
Renzo is a Liquid Derivatives platform built on the innovative EigenLayer blockchain. As a project, it serves as a crucial interface for the entire EigenLayer ecosystem, ensuring Actively Validated Services (AVS) and, in doing so, offering significantly higher returns compared to the returns that come from simple ETH staking.

Renzo mints equivalent ezETH for each LST or ETH deposit to maintain balance. It’s designed for Ethereum restaking, previously an unserved blockchain market area. It uses smart contracts and operational nodes for effective restaking strategy implementation, serving as an on-ramp and off-ramp.
The withdrawal process, influenced by restaking strategies and EigenLayer’s requirements, takes at least 7 days and varies per AVS. Renzo guarantees users total rewards from EigenLayer. User-paid fees are used for the protocol treasury and Renzo node operator payments.
In other words, Renzo is not only a means of ingress into the world of Ethereum restaking, but it also provides an exit strategy. This dual functionality makes it an essential tool for anyone looking to explore the potential of Ethereum restaking.
Renzo ezPoints
From the official Beta launch of Renzo on December 18, 2023, users who hold ezETH in their wallets earn 1 Renzo ezPoint per hour per ezETH held. Renzo runs ezPoints promotions, such as an additional gift of 200 ezPoints for every 1 ETH deposited within a specific timeframe.
However, exploiting the system by repeatedly selling and buying ezETH to earn multiple rewards is prohibited, and any user detected doing this will be excluded from the ezPoints program. Liquidity providers earn double the ezPoints. If you provide liquidity to pools on DEX, you’ll receive 2x ezPoints. You can also earn extra ezPoints by referring new users to join and deposit ETH into Renzo. You’ll earn 10% of the ezPoints that your referred users earn.
The system has a points accumulation feature allows you to earn more Renzo Points. The more active users you refer, the more ETH you deposit into Renzo. The Renzo ezPoints system rewards users based on their activity and participation in the Renzo system, from holding ezETH to providing liquidity and referring new users.
I'm very bullish on Price here long-term since this is one of the most hyped restaking Protocols out there!
Renzo Protocol’s future, particularly its Liquid Restaking project, looks promising due to the investment from Binance Labs. This venture capital arm of Binance is renowned for supporting innovative blockchain and cryptocurrency projects. This investment provides Renzo Protocol with not just financial backing but also access to expertise and resources within the Binance ecosystem.
Renzo Protocol’s Liquid Restaking introduces a unique approach to staking in decentralized finance (DeFi). It allows users to stake their assets while preserving liquidity, addressing a significant challenge in traditional staking mechanisms. This innovative feature could attract users who want to earn staking rewards while maintaining the freedom to access their assets when necessary.
In summary, with Binance Labs’ support and the unique offering of its Liquid Restaking project, Renzo Protocol is well-positioned for growth and success in the DeFi sector’s future.
Binance will then list REZ at 2024-04-30 12:00 (UTC) and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading pairs. The Seed Tag will be applied to REZ.
REZ Launchpool Details:
👉Token Name: Renzo (REZ)
👉Max Token Supply: 10,000,000,000 REZ
👉Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)
👉Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)
👉Smart Contract Details: Ethereum
👉Staking Terms: KYC required
👉Hourly Hard Cap per User:
🔥147,569.44 REZ in BNB pool
🔥26,041.67 REZ in FDUSD pool
👉Supported Pools:
🔥Stake BNB:
https://launchpad.binance.com/en/launchpool/REZ_BNB
👉Now here comes the best Benefits for all the people that will stake their BNB to farm Renzo!
Binance has announced the launch of the Binance Megadrop. It is a token-launch platform that hosts airdrops and Web3 quests.

This new platform enables users to subscribe to BNB for locked products and complete tasks within their Web3 Wallet. Users will receive early access to rewards from selected Web3 projects before the exchange lists their tokens.
And as I said the best for all users is that you can buy and stake BNB on both Binance Launchpool and Binance Megadrop Platforms and earn a juicy Rewards which is super good in my opinion and nobody else out there is offering this!
🔥 Stake FDUSD:
https://launchpad.binance.com/en/launchpool/REZ_FDUSD
#BinanceLaunchpool #RENZOLAUNCHPOOL

Binance Megadrop of $BB is now LIVE! Complete our quest now on the Binance App.
Get Started
You will need a KYCed Binance account and have to create a Binance Web3 Wallet and get BNB & BTCB. If you already have a BinanceWeb3 Wallet, you do not need to create a new one.
Make sure that the Binance Web3 Wallet fulfills following requirements.
👉Your account bound to the wallet has passed KYC
👉You back-up your wallet
👉 Do not use an imported wallet

How to access Binance Megadrop?
Binance App > More > Others > Megadrop > BounceBit > Quest
Web3 Quests on BounceBit
The quest for our Megadrop is as follows: “Stake 0.0001 BTCB to BounceBit”
You’ll need BNB for gas fees and a little bit more than 0.0001 BTCB, since the withdrawal fee for BTCB is paid in BTCB, we suggest withdrawing at least 0.000111 BTCB.

How to complete the quest
👉Ensure you have enough BNB for the gas fee.
👉Click “Start Now” via Binance Web3 Wallet.
👉Select “BNB Chain” as your network.
👉Enter the amount of BTCB to deposit.
👉The first transaction approves your spending cap on BTCB with BounceBit.
👉The second transaction deposits your BTCB into BounceBit.
Score Calculation
Subscribing your BNB to Simple Earn’s BNB Locked Products will add to your score.
You can participate in Megadrop without subscribing to any BNB Locked Products.
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
🔥Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)
🔥Web3 Quest Multiplier: 1.5
🔥Web3 Quest Bonus: 1,000
About BounceBit
BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token — A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.
#Megadrop #BounceBit

Crypto scammers continue to defraud users, with $14 billion stolen in all of 2021 and $4 billion in 2022. Although crypto crime has fallen by 65% in 2023 and 2024, as the popularity of Web3 continues to grow, these figures could trend upward over time.
Best practices to avoid cryptocurrency scams
1) Never share your financial information or private keys
Even if you are absolutely certain that you are interacting with a trusted party—such as a wallet or another cryptocurrency provider—you should err on the side of caution and refrain from sharing sensitive information.
If you need to know this sensitive information–such as financial information or private keys–to complete a transaction or gain access to an account or wallet, do not share them with others.
2) Double check URLs and domain names
Check (and double check) any website domain name or social media handle to ensure that you do not send money or information to someone falsely posing as a legitimate individual or business.
Be sure to verify that there are no obvious misspellings, and if applicable, that the account is verified.
You can even send a message to the official channel on the social media platform to ask if the account in question is legitimate, and also let them know if there are any suspicious copycat fake accounts out there.
3) Be wary of offers that seem too good to be true
If you are promised an investment that guarantees returns that sounds too good to be true, then it’s likely a scam.
Cryptocurrency investments can be a great opportunity, but no one can guarantee instant returns. Those that make such promises are not to be trusted.
4) Never reply to people that contact you out of the blue
Not every unsolicited opportunity may be a scam, but you should always be wary of offers made with no prior contact. It is generally good practice to perform transfers through official channels that include customer support or an option to report fraudulent activity.
And when communicating with customer or tech support via chat or email, make sure that you are communicating privately through official channels only. Scammers may contact you via social media or over the phone, promising trading returns, special promotions, and other fraudulent offers.
5) Do your research on who you send crypto to
Just as you would never transfer money to a random bank account that you don’t have access to, you should only send crypto to a wallet that you or trusted third parties control. Before sending any cryptocurrency to a third party, you should ask yourself if the other party seems like a legitimate company or individual.
If they claim to be a business, you can do research to find evidence that the business is a legitimate company. Some factors you may want to consider include how long the business has existed, if they have positive reviews (on a site like Trustpilot), and if they have a good reputation.
6) Don’t feel pressured to respond to threatening messages
If the person you are in contact with is messaging you threats or warnings, this is likely an attempt to get you to send cryptocurrency quickly without fully thinking through the proposition and potential consequences. When acting out of fear or under pressure, you’re less likely to consider all facets of the situation and are prone to making rash decisions.
Pro tip personally from myself: Most cryptocurrency exchanges and digital wallets will have an option to enable two-factor authentication. This can be an added layer of security to protect your funds and authentication credentials in the event you lose access to one of your trusted devices.
The most common types of cryptocurrency scams (and how to identify them)
👉Phishing Scams
Phishing scams occur when criminals search—or fish—for confidential information and trick victims into handing over that information. Usually seen in the form of a pop-up or malicious email, these attacks are becoming more sophisticated and are intended to swipe financial or personal information from an unsuspecting person.
Traditional phishing criminals may be searching for your credit card, bank information, or personal details that can be used to gain access to that information, and cryptocurrency phishers may target you to gain access to your digital wallet or obtain your secret recovery phrase.
They may target you with an email from an alleged crypto wallet or provider that looks realistic, with an offer that contains a potentially harmful link when you click on it.
The link could ask you to provide your login credentials to a wallet you own, or trick you into providing your personal information that can be used to defraud you.
👉Giveaway scams
Winning free money can be fun. Falling victim to a fake giveaway and losing everything is not.
Giveaway scams may promise anything from free Bitcoin to a house. One victim lost £400,000 for blindly trusting a fake giveaway from someone posing as Elon Musk.
The attackers changed their profile picture on Twitter to match the same one Elon Musk was using at the time. They then replied within one of Elon’s Twitter threads that they—posing as Elon—would be giving away double the amount of Bitcoin that participants deposited.

👉Investment scams
Investment scams involve one party promising great returns or business opportunities in exchange for the simple act of you sending them crypto. Scammers will tell victims that if they invest a relatively small sum, they will see instant—and quite unrealistic—gains.
While cryptocurrency investments can yield profits for investors, it’s vital to know which investment opportunities are legitimate and which are fraudulent. Seasoned cryptocurrency investors may be familiar when an opportunity seems too good to be true, but less experienced investors may be more vulnerable to this type of scam.
👉Social engineering scams
Social engineering scams involve an attacker that gathers information about the victim, before reaching out to gain trust and eventually attempting to defraud them.
There are key red flags that occur in many social engineering attacks:
The social engineer will usually contact the victim out of the blue, requesting urgent help and employing emotional appeal to get the target to act out of empathy. Well-researched attackers will know how to manipulate victims into giving up vital information or funds.
If successful, then the attacker will disappear, never to be heard from again. Social engineers will never use their real identity, so any attempt by victims to contact them to get their cryptocurrency back will be impossible.
One variation of this attack in recent years was widespread hacks of blue-check, verified Twitter profiles of trusted public figures. Like many social engineering scams, this version assumes victims will be unaware the account was hacked and trust the figure in question.
This scam type is still dangerous, since anyone can now purchase a blue check and falsely impersonate well-known figures.
Falling victim to social engineering cryptocurrency scams is preventable, and keeping an eye out for these red flags while following our best practices above will help you to recognize and avoid cryptocurrency scams.
Example of a social engineering scam:

👉Fake app and website scams
Fake apps and websites could be a key component of any cryptocurrency scam. Once a victim takes the bait and clicks a malicious link, they have already put themselves in danger.
On the other side of fake cryptocurrency apps may be deceptive forms and links that manipulate users into disclosing confidential information that could lead to draining a wallet or sending money or cryptocurrencies to a scammer’s wallet address.
For example, a phishing or giveaway scam will usually include a link to a website that looks legitimate but is not. Fraudsters may set up a realistic website or app that uses the official layout, logos, and language of a trusted party. They may use a similar URL or domain name that is off by one character, visually tricking users into believing that the site is correct.
When victims land on fake websites, scammers will usually ask for confidential information such as private keys or secret recovery phrases.
This type of information will never be requested by a legitimate provider (unless you’re attempting to log into a wallet on a new device), and divulging it can lead to your funds being wiped out.
Example of a fake app and website scam:

My Personal Tips on how to prevent Crypto Scams
Scams that involve the transfer of cryptocurrency are irreversible given the nature of blockchain technology. Unfortunately, you may not be able to get your cryptocurrencies back and it will be difficult to track down the exact owner of the scammer wallet.
But by reporting cryptocurrency scams you can help protect others by making it difficult for scammers to strike again in the future.
If you stay alert and follow the guidelines highlighted in this article, you’ll be able to stay one step ahead of fraudsters and keep your cryptocurrency safe.
Remember, you should only send cryptocurrency to a wallet that you or a trusted party have control over, and never give your private key or personal information to.
#ScamRiskWarning