Name: Renzo
Brand: Binance
Price: 0.01 INR
Availability: InStock

Price of Renzo Today

The live price of Renzo is $0.005822 per (REZ / USD) with a current market cap of $36.11M USD. 24-hour trading volume is $36.43M USD. REZ to USD price is updated in real-time. Renzo is +8.5% in the last 24 hours with a circulating supply of 6.20B.

REZ Price History USD

Date Comparison	Amount Change	% Change
Today	$0.000456	+8.5%
30 Days	$0.000465	+8.67%
60 Days	$-0.001895	-24.56%
90 Days	$-0.005883	-50.26%

Renzo Chart Performance

24h Low & High

Low: $0.005317

High: $0.006277

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.263812

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

-2.77%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

+8.5%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+8.27%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.005317

High: $0.006277

All Time High

$0.263812

Price Change (1h)

-2.77%

Price Change (24h)

+8.5%

Price Change (7d)

+8.27%

About Renzo (REZ)

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager with the aim to serve as an interface to the EigenLayer ecosystem. The Renzo platform is engineered to offer higher yields than traditional ETH staking. This is made possible by securing Actively Validated Services (AVS) and simplifying the staking process for end-users. Alternatively, Renzo is also fostering wider utilization of the EigenLayer framework.

Operating as a liquid derivative platform, Renzo directly interacts with the EigenLayer. This collaboration is offering a streamlined method for users to engage in restaking activities. In addition, it serves as an entry point for liquidity provision in staking, permitting users to transform their staked assets into liquid forms. This feature lets people join in decentralized finance (DeFi) systems and still keep earning from staking.

Upon depositing ETH or any supported Liquid Staking Tokens (LSTs), the platform issues an equivalent amount of ezETH, Renzo's liquid restaking token. The ezETH token is representing the user’s staked position which accumulates rewards over time. According to the Whitepaper, Renzo has plans to broaden its backing for a variety of LSTs.

Renzo reportedly uses an advanced system of smart contracts which can be adjusted to meet the evolving demands of the blockchain and staking communities. The setup makes sure Renzo stays updated with the new features in the EigenLayer protocol and widens its reach to Layer 2 networks. Furthermore, Renzo has formed partnerships with Connext and Chainlink, which enhance its operating capacity across multiple blockchain networks. These partnerships empower users to restake on different Layer 2 networks. As per the project it is vital for the platforms future growth and ease of use.

The REZ token serves as both a utility and governance token within the Renzo protocol. The live price of the REZ token is available and updated in real time on Binance.

People Also Ask: Other Questions About Renzo

What is Renzo Crypto?

Renzo is one of the largest liquid restaking protocols in size, trailing just behind Ether.fi stake. It holds approximately $3.3 billion in total value locked, as reported by the cryptocurrency data analysis platform DeFiLlama.

What is EigenLayer?

EigenLayer is a protocol developed on the Ethereum blockchain that introduces a feature called restaking. This feature allows users to reuse their staked Ethereum (ETH) to enhance security across the network and earn extra rewards. Users can participate in restaking by opting into EigenLayer's smart contracts with their ETH or liquid staking tokens (LSTs).

What is REZ Token Used For?

The REZ token is utilized within the Renzo protocol primarily for governance. This function is enabling holders to vote on key proposals that influence the protocol’s direction and operations. Additionally, it functions as a utility token. REZ facilitates various interactions and transactions within the platform, such as staking, earning rewards, and accessing enhanced features. These features are tailored to improve the staking experience and ecosystem engagement.

How Do Network Consensus and Validation Work On Renzo?

Renzo leverages a combination of smart contracts and delegated node operators within the EigenLayer ecosystem to manage the consensus and validation processes. This approach ensures security and optimal reward strategies for restaked assets.

Who Is The Founder Of Renzo?

Lucas Kozinski is a co-founder of Renzo and used to work at Lunar Labs Inc. James Poole is also a co-founder and the CTO of Renzo, with past experience at TokenSoft Inc. Renzo was first introduced with a beta mainnet in December 2023.

What is the Maximum and Circulating Token Supply of Renzo?

The overall supply of Renzo ($REZ) tokens is capped at 10 billion. The initial circulating supply stands roughly at 1.05 billion tokens, which accounts for approximately 10.5% of the full supply.

What Makes Renzo Different From Others?

Renzo focuses on the restaking sector within the Ethereum ecosystem, aiming to enhance liquidity and returns for its users. The platform seeks to stand out by using advanced technologies and supporting cross-chain functionalities, enabled by partnerships with networks like Chainlink. This strategy allows Renzo to provide more versatile staking options than traditional solutions, which are often limited to a single blockchain.

How To Buy Renzo (REZ)?

Renzo (REZ) can be purchased directly from Binance. Renzo (REZ) can also be traded for other cryptocurrencies on Binance. The live price of REZ is updated in real-time on Binance. Additionally, Renzo price and purchase information are available for users in our How To Buy Renzo (REZ) guide.