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Binance Sign Up Promotion

Renzo

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.

Step-by-Step Guide:
  1. Visit the Renzo website.
  2. Connect your MetaMask, Trust Wallet, or any of the wallets mentioned.
  3. Select the token and chain that you wish to stake.
  4. Renzo currently supports tokens from Ethereum, Arbitrum, Binance, Base, and a few other chains.
  5. You will need some ETH, wBETH, stETH or wETH. You can get them on Binance.
  6. Now, stake your tokens.
  7. You will get the ezETH (LRT) in return.
  8. Now, you will start earning yield.
  9. Because it’s built on EigenLayer, you will also start earning EigenLayer points as well as Renzo ezPoints.
  10. Also, get 10% of Renzo points from each referral.
  11. Users who had staked and earned at least 360 points were eligible for the Season 1 airdrop, which has now ended.
  12. Season 2 of the airdrop has begun and 5% of the REZ supply is allocated for the airdrop.
  13. Additionally, season 1 participants will receive a 10% boost.
  14. 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!

Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!

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