Another week, another Launchpool and another Restaking project is listed on Binance Launchpool!

With just under 2 minutes, read this post to understand Renzo Protocol and its huge potential in Restaking Narrative - the potentially hottest trend of the year!

#RenzoLaunchpool #RENZOLAUNCHPOOL #BinanceLaunchpool

I. Renzo Protocol Overview
How does it work? 
Renzo's restaking protocol is designed to offer users access to the EigenLayer ecosystem across various networks including Ethereum, Arbitrum, Linea, Mode, Base, BNB, and OKX L2 chains. This would enable users a chance to skin and have activity on new blockchain for potential airdrop. 

Functioning as a liquid staking protocol, Renzo enables users to receive ezETH - Renzo liquid staking tokens by staking ETH on its platform. The APR for staking ETH can be monitored through the growth of ezETH tokens. Initially, the exchange ratio is 1:1, but it appreciates over time based on the platform's promised APR. 

Unlike its counterparts, the value appreciation of ezETH tokens is supported not only by rewards from native staking on Ethereum but also from restaking on EigenLayer, potentially leading to higher returns for users. Additionally, the token can be utilized to earn extra APR by providing liquidity into DeFi LP and lending protocols, akin to other ETH staking protocols.

Achievements:
$3.3B in Total Value Locked833M EigenLayer Points33.5% Restaking Market ShareTop 10 DeFi protocol by TVL7 Supported Networks250k+ active community members

Fundraising
Renzo raised $3.2M in Seed round at the valuation of $25M, led by Maven 11 Capital and participated by OKX Ventures, IOSG, BitScale,....Most recently, Binance Labs invested in Renzo with an disclosed round and raised amount.
II. Launchpool & Token Information  

Token Name: Renzo (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: EthereumFarming Period: 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).Supported Pools: Stake $BNB: 212,500,000 REZ in rewards (85%) Stake $FDUSD: 37,500,000 REZ in rewards(15%)

$REZ Utility:

REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:
General risk management frameworksDeposits, collateral assets, and concentration amountsOperator whitelistingActively Validated Services (AVS) whitelistingTreasury and community grant
Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now

Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇 
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III. Price Prediction & Our POV

Price Prediction

Make a comparison with recent Restaking Project - ETHFI and consider OTC price on Whales Market, we believe $REZ price could be around $0.38 at the listing ATH price and traded mostly around $0.28 - $0.38 with market cap around $280M - $380M
Our POV
Pros: 
Restaking Narrative - one of the hottest trend this year Ability to attract a huge amount of potential users and money with 7+ supported network, including chains that haven't released tokens.Strong backing from Tier-1 investorsLow annual token inflation rate in the first year of the token release (4.5%).

Cons: 
High annual token inflation rate in the second year after release (45%)Possibility of ezETH depeg
In our POV, the sell force at the listing date won't be so high due to the long cliff in token allocation of foundation, team and investors. Moreover, for the airdrop distribution, the largest wallets holding greater than 500k ezPoints will be subject to a 50% unlock at TGE and 50% linear vesting over 3 months. Our advice is patiently waiting until the majority of the airdrop tokens are claimed then we can start buying $REZ at the price range of $0.15 - $0.25 and waiting for the Restaking narrative to explode.

Don’t fade on Renzo, start farming your $REZ now 👇
Join REZ Launchpool Now

Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇 
Trade Now With a Permanent 10% Reduced Fee

#bouncebit #Megadrop #BinanceWeb3Wallet

Up to now, more than 14 thousand users have participated in the Bouncebit Megadrop Quest using their Binance Web3 Wallet and TVL has reached 9.7 million USD. The quest opened at 00:00 UTC on April 26, meaning those numbers were reached in just 10 hours (as of press time). So impressive!

The most notable thing here is that, according to TK Research, 60% of the total participants made their first transaction on the BNB chain through the Binance Web3 Wallet, which means that this campaign attracted many users to use the Web3 Wallet on Binance, which can be considered a success for both Bouncebit and Binance Web3 Wallet.

Dashboard link for further information (https://flipsidecrypto.xyz/tkvresearch/bouncebit-megadrop-binance-web3-quest-MTzoq3 )

What are you waiting for? Start creating your Binance Web3 Wallet and complete the quest NOW (cost you only 10$ maximum) 
Link: https://www.binance.com/en/megadrop?ref=KCLHB03N 
How to participate? 

Create Binance Web3 Wallet:
In Wallet -> Click on Web3 -> Create WalletBack up with both icloud and QR code

Transfer BNB to Web3 Wallet (for gas)
Buy BNB on Binance ExchangeIn Web3 Wallet -> TransferSelect withdrawal amount ($3 should be enough)Confirm

Transfer BTC to Web3 Wallet (Must use BEP20)
Buy BTC on Binance ExchangeTransfer in Web3 Wallet → Choose BTC in BEP20 NetworkSelect withdrawal amount (Must receive at least 0.0001 BTC)Confirm

Stake BTCB in Bouncebit
In Web3 Wallet -> DiscoverSelect Bouncebit in Trending Dapps -> OpenConnect Wallet -> Stake only 0.0001 BTCB to get points. Stake more will NOT give you more points.If success -> Done

Stake BNB in Simple Earn
In Binance Exchange -> MoreChoose Simple Earn -> Select LockedSelect BNB poolChoose any pool from 30D to 120D. More locking period gives more multiplier.Select BNB amount -> Confirm. Do not unstake before the event ends, it will lower your points.

What are you waiting for? Start creating your Binance Web3 Wallet and complete the quest NOW (cost you only 10$ maximum) 👇

Link: https://www.binance.com/en/megadrop?ref=KCLHB03N 

Don’t have an account? Register & Trade Now to Get a 10% Fee Discount 👇
Trade Now With a Permanent 10% Reduced Fee