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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.
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.
Renzo airdropped 7% of the total supply in Season 1 to users who had staked and earned at least 360 points, which has now ended. Season 2 of the airdrop has begun, and 5% of the REZ supply is allocated for the airdrop.
- 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.
- Users who had staked and earned at least 360 points were eligible for the Season 1 airdrop, which has now ended.
- Season 2 of the airdrop has begun and 5% of the REZ supply is allocated for the airdrop.
- Additionally, season 1 participants will receive a 10% boost.
- For more details about the updated airdrop conditions, visit the official announcement.
You’re interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
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