Renzo Protocol – The leading Liquid Restaking platform on EigenLayer.
Renzo Protocol is a Liquid Restaking Token (LRT) platform established in 2023 and built on EigenLayer, simplifying the Restaking process for users.
The project generates revenue by charging fees from Restaking rewards, of which: 50% of the fees are transferred to the Treasury. The remaining 50% is allocated to Node Operators.
Development Team:
Lucas Kozinski – Co-founder, previously worked at Moonwell, TokenSoft, Tezos Foundation.
James Coole – Co-founder, former CTO of TokenSoft for 5 years.
Kratik Lodha – Co-founder, formerly an analyst at Woodstock Fund, WorldQuant, Equity Research.
Funding & Investors:
Total capital raised: $20.2M. Seed round (1/2024): $3.2M, led by Maven11.
Other investors: IOSG Ventures, Figment Capital, SevenX Ventures, Binance Labs, OKX Ventures, Mantle, Edessa Capital, BODHI Ventures, Robot Ventures, Re7Capital.
Valuation: $25M.
TokenomicsToken:
REZ, ETH chain
Total supply: 10,000,000,000 REZ.
Allocation: Investors: 31.6%, Core Contributors: 20%, Community: 20%, Foundation: 13.4%. Airdrop: 12%.
Current price $0.18x ~ MC $40M
Unlock schedule:
TGE on 30/4/3024
Investors: 1-year lock, gradually unlocking over the next year.
Core Contributors: 1-year lock, gradually unlocking over the next 2 years. => Thus, there is about 1.5 months left until the unlocking schedule for Investors & Core Contributors.
Position & Potential
Renzo is currently the 3rd largest Liquid Restaking protocol, only behind Etherfi & Kelp, with a TVL of approximately $750M.
The project benefits greatly from being built on EigenLayer, the pioneering platform in the Restaking field.
Renzo is the 53rd project to be launched on Binance Launchpool and is a standout project in Restaking.
#REZ $REZ #ETH $ETH #Restaking
Renzo Protocol is a Liquid Restaking Token (LRT) platform established in 2023 and built on EigenLayer, simplifying the Restaking process for users.
The project generates revenue by charging fees from Restaking rewards, of which: 50% of the fees are transferred to the Treasury. The remaining 50% is allocated to Node Operators.
Development Team:
Lucas Kozinski – Co-founder, previously worked at Moonwell, TokenSoft, Tezos Foundation.
James Coole – Co-founder, former CTO of TokenSoft for 5 years.
Kratik Lodha – Co-founder, formerly an analyst at Woodstock Fund, WorldQuant, Equity Research.
Funding & Investors:
Total capital raised: $20.2M. Seed round (1/2024): $3.2M, led by Maven11.
Other investors: IOSG Ventures, Figment Capital, SevenX Ventures, Binance Labs, OKX Ventures, Mantle, Edessa Capital, BODHI Ventures, Robot Ventures, Re7Capital.
Valuation: $25M.
TokenomicsToken:
REZ, ETH chain
Total supply: 10,000,000,000 REZ.
Allocation: Investors: 31.6%, Core Contributors: 20%, Community: 20%, Foundation: 13.4%. Airdrop: 12%.
Current price $0.18x ~ MC $40M
Unlock schedule:
TGE on 30/4/3024
Investors: 1-year lock, gradually unlocking over the next year.
Core Contributors: 1-year lock, gradually unlocking over the next 2 years. => Thus, there is about 1.5 months left until the unlocking schedule for Investors & Core Contributors.
Position & Potential
Renzo is currently the 3rd largest Liquid Restaking protocol, only behind Etherfi & Kelp, with a TVL of approximately $750M.
The project benefits greatly from being built on EigenLayer, the pioneering platform in the Restaking field.
Renzo is the 53rd project to be launched on Binance Launchpool and is a standout project in Restaking.
#REZ $REZ #ETH $ETH #Restaking