Renzo priceREZ
Quote currency:
USD
Renzo price live data summary
The live price of Renzo is -- per (REZ / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. REZ to USD price is updated in real time. Renzo is -- in the last 24 hours. It has a circulating supply of -- .
What is the highest price of REZ?
REZ has an all-time high (ATH) of --, recorded on .
What is the lowest price of REZ?
REZ has an all-time low (ATL) of --, recorded on .
Renzo price prediction
Set your predictionWhat will the price of REZ be in 2025?
Based on REZ's historical price performance prediction model, the price of REZ is projected to reach -- in 2025.
What will the price of REZ be in 2030?
In 2030, the REZ price is expected to rise by +33.00%. By the end of 2030, the REZ price is projected to reach --, with a cumulative ROI of 0.00%.
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Renzo price performance in USD
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Renzo price history in USD
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Renzo market information
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24h volume / market cap
Circulating supply
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Total supply / Max supply
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Renzo ratings
Average ratings from the community
4.4
This content is for informational purposes only.
About Renzo(REZ)
What Is Renzo?
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, designed to optimize interactions within the EigenLayer ecosystem. It was founded in 2023 by James Poole and Lucas Kozinski. Renzo simplifies the complex landscape of blockchain restaking for its users, offering a more intuitive engagement with decentralized finance (DeFi) applications on Ethereum. By abstracting the intricacies of the underlying technologies, Renzo empowers users to leverage the full potential of Ethereum's security and decentralized trust mechanisms, enhancing both access and yield potential compared to traditional ETH staking.
Renzo advocates for the decentralized ethos of EigenLayer, aiming to drive its adoption across the Ethereum blockchain. This protocol supports a variety of Actively Validated Services (AVS), which are essential components in maintaining the robustness and efficiency of decentralized applications. Through these services, Renzo not only contributes to the security of the Ethereum ecosystem but also makes it easier for both novice and experienced users to optimize their staking strategies without needing deep technical knowledge.
Resources
Official Documents:
https://docs.renzoprotocol.com/docs
Official Website:
https://www.renzoprotocol.com/
How Does Renzo Work?
At its core, Renzo operates by pooling Ethereum stakes and allocating these to different Actively Validated Services (AVS) within the EigenLayer ecosystem. This process involves the creation of ezETH, a liquid token that represents the staked ETH in a restaked position. By depositing either native ETH or other liquid staking tokens (LSTs) like wETH or stETH, users receive ezETH, which can then be used within the Renzo protocol or across various DeFi applications. This mechanism ensures liquidity and flexibility, allowing users to engage dynamically with multiple blockchain services.
Renzo utilizes a combination of smart contracts and professional node operators to manage these restaking activities effectively. The platform's node operators are rigorously vetted and are among the most reputable in the industry, ensuring not only the security of the funds but also the integrity of the restaking operations. These operators run specialized software to validate transactions and services within the EigenLayer, forming a critical link between stakers' assets and their application in securing blockchain services.
The restaking strategies employed by Renzo are designed to optimize risk and reward. Users can choose from various strategies depending on their risk tolerance and expected returns. These strategies are dynamically adjusted based on real-time market conditions and the evolving landscape of available AVS. By effectively balancing the risk and rewards, Renzo provides its users with the potential for higher returns compared to direct staking methods.
Additionally, Renzo's architecture includes features for scalability and upgradeability, ensuring it can adapt to changes within the Ethereum ecosystem and incorporate innovations swiftly. The use of proxy contracts for its smart contracts allows for seamless upgrades without disrupting the ongoing operations or compromising the security of the users' assets.
What Is REZ Token?
REZ is the native utility token of Renzo, serving several vital functions within its ecosystem. Primarily, REZ is used for governance, allowing token holders to vote on various proposals that dictate the protocol’s development and operational strategies. This includes decisions on upgrading system components, introducing new features, and adjusting key protocol parameters that affect the restaking strategies and rewards distribution.
REZ tokens are also integral to the reward system within Renzo. They are distributed to users based on their activity level and the amount of ezETH they hold, which is influenced by their participation in restaking operations. The distribution mechanism is designed to incentivize both long-term participation and active engagement within the ecosystem.
The tokenomics of REZ ensure a broad distribution among participants, with a clear vesting schedule that supports long-term commitment. A significant portion of REZ tokens is allocated to community initiatives, rewarding users who contribute to the protocol’s success and supporting ongoing development and expansion efforts across different blockchain environments. REZ has a total supply of 10 billion tokens.
What Determines Renzo’s Price?
The price of Renzo (REZ) is influenced by a combination of factors prevalent in the blockchain and Web3 sectors, with supply and demand dynamics playing a central role. As investors seek the best crypto investment for 2024 and beyond, the unique value proposition of Renzo as a Liquid Restaking Token (LRT) within the EigenLayer ecosystem becomes crucial. Market volatility and the latest news about cryptocurrency regulation can also sway REZ price significantly. As regulations shape the landscape and new technological integrations within Web3 emerge, these factors collaboratively dictate the demand for Renzo, impacting its market price.
Additionally, REZ price is closely tied to cryptocurrency trends, as shown by the analysis provided by cryptocurrency charts. The insights from these charts help formulate Renzo price predictions, guiding potential investors in making informed decisions. The risks associated with blockchain investments, such as market volatility and technological shifts in Web3, also influence Renzo's valuation.
For those interested in investing or trading Renzo, one might wonder: Where to buy REZ? You can purchase REZ on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about Renzo:
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Last updated 2024-05-20 20:04:57（UTC+0）
Trade REZ perpetual futures
After having successfully signed up on Bitget and purchased USDT or REZ tokens, you can start trading derivatives, including REZ futures and margin trading to increase your income.
The current price of REZ is --, with a 24h price change of --. Traders can profit by either going long or short onREZ futures.
Join REZ copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or REZ tokens, you can also start copy trading by following elite traders.
Renzo news
See more
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Coindesk•2023/12/18 21:31
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Coindesk•2023/11/16 08:00
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Coindesk•2023/07/25 12:47
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