Binance Launches Launchpool for Renzo (REZ), a Liquid Staking Protocol

Binance welcomes Renzo (REZ) as its 53rd Launchpool project, a restaking protocol. From April 24th, users can farm REZ tokens by staking BNB and FDUSD for six days. Binance will list REZ on April 30th with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY.

Binance Announces Launchpool Event for Renzo (REZ), a Liquid Restaking Protocol

Binance, the world's leading cryptocurrency exchange, is proud to announce the launch of its 53rd Launchpool project, Renzo (REZ), a groundbreaking liquid restaking protocol.

Users can stake their Binance Coin (BNB) and Fiat-backed Digital USD (FDUSD) into separate pools to earn REZ tokens over six days, with farming commencing on April 24th.

Renzo (REZ) Overview:

• 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 is required for participation.

• Hourly Hard Cap per User:

  • 147,569.44 REZ in BNB pool
  • 26,041.67 REZ in FDUSD pool

Reward Allocation:

• From April 24th to 29th, users can stake BNB to share 212,500,000 REZ in rewards or stake FDUSD to split 37,500,000 REZ in rewards.
• The rewards are proportionate to the amount staked.

Binance Exclusive Offer:

Binance is extending a special offer to BeInCrypto readers. Sign up on the platform and complete KYC to participate in a free allocation. Only the first 50 users will be eligible for this allocation.

General Launchpool Information:

• Snapshots of user balances will be taken periodically to calculate user rewards.
• Rewards will be updated hourly.
• Users can claim their rewards directly to their spot accounts anytime.
• Each pool's annual percentage yield (APY) and total pool balance will be updated in real time.
• Tokens can be staked in only one pool at a time.
• Users can unstake their funds and participate in other pools at any time without delay.
• Tokens staked and unclaimed rewards will be transferred to users' spot accounts at the end of the farming period.
• Binance BNB Vault and Locked Products support the Launchpool. Users who hold BNB in these products will automatically participate and receive rewards.
• User participation may be restricted based on country or region of residence. Please refer to the Launchpool page for more information.
• Currently, users from Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas of Ukraine are ineligible to participate in REZ farming.

Renzo Website: https://renzo.finance

Whitepaper: https://renzo.finance/whitepaper

Binance Launchpool: https://launchpad.binance.com/en/launchpool/rez