Global cryptocurrency exchange leader Binance announced yesterday (23rd) the launch of its 53rd Launchpool mining project: Renzo (EZ), a liquidity restaking protocol.
Key Details About Renzo Mining Project
- Mining Period: Starts April 24, 2024 (08:00 UTC) for 6 days
Supported Pools:
- BNB pool (147,569.44 EZ/hour hard cap)
- FDUSD pool (26,041.67 EZ/hour hard cap)
- Token Listing: EZ spot trading goes live April 30 (20:00 UTC) with EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY pairs
Tokenomics Overview
| Category | Allocation (%) | Tokens |
|---|---|---|
| Binance Launchpool | 2.5 | 250,000,000 EZ |
| Initial Circulation | 10.5 | 1,050,000,000 EZ |
| Total Supply | 100 | 10,000,000,000 EZ |
👉 How to participate in Binance Launchpool
What Is Renzo?
Renzo simplifies Ethereum restaking via EigenLayer by automating node management and maintaining asset liquidity. As contributor Lucas Kozinski explains:
"EigenLayer requires complex node operations, whereas Renzo streamlines the process while preserving liquidity."
Market Impact
- BNB Price: Briefly surged to $619 post-announcement before stabilizing near $605 (-0.34% 24h).
- Scam Warning: Binance confirms exclusivity as first EZ listing platform—premature token sales are fraudulent.
FAQ Section
Q1: When does Renzo mining end?
A1: April 30, 2024 (08:00 UTC).
Q2: What’s Renzo’s blockchain?
A2: Ethereum (ERC-20 token).
Q3: Are there KYC requirements?
A3: Yes, Binance requires identity verification.
Q4: How does restaking work?
A4: Renzo manages EigenLayer validators while issuing liquid staking tokens.
👉 Ethereum staking explained
Final Notes
This Launchpool offers a strategic entry point into liquid restaking—a growing DeFi sector projected to expand with EigenLayer’s adoption. Always DYOR before participating.