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Renzo Price

(REZ)

$0.00233
0.00%(5m)

1m5m15m1h8h1d1W
Renzo (REZ) Live Price Chart

    Renzo Live Price Data

    Renzo is currently trading at 0.00233, with a 24-hour trading volume of 1329541.2. Over the past hour, the price of Renzo changed by -1.27%, and over the past week, its value in dropped by -10.72%. The circulating supply of Renzo is 8.55B REZ, with a market cap of 19973493.55590238094793973900 , down -1.27% in the last 24 hours. Renzo is ranked #708 by market cap.

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    Note: This data is for reference only.
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    REZ(REZ) Profile

    altRank708
    rate--
    Expand
    $0.00232
    $0.00236

    ATH
    $0.26381213
    Price Change (1h)
    0.00%
    Price Change (24h)
    -1.27%
    Price Change (7d)
    -10.72%
    Market Cap
    24h Volume
    Circulating Supply
    8.55B
    Max Supply
    10B

    About Renzo

    • What Is Renzo Protocol (REZ) Crypto?

      Renzo Protocol (REZ) is a cryptocurrency initiative that operates as a Liquid Restaking Token (LRT) and strategy manager within the EigenLayer ecosystem. This ecosystem enhances the security and functionality of blockchain networks through services known as Actively Validated Services (AVSs). Renzo offers a way to earn a higher yield than standard Ethereum (ETH) staking by facilitating easier staking processes.

      REZ is the governance token of the Renzo Protocol, and it plays a critical role in managing the protocol's operations and decisions. It is built on a model that simplifies participation for users, enabling you to stake ETH or other liquid staking tokens like Lido's stETH to receive ezETH tokens. These tokens represent the rewards earned from staking, making it an appealing option if you're looking to keep your assets liquid while still earning returns.

      The protocol automates the selection of the best staking strategies, optimizing for the best risk-to-reward ratios through smart contracts and node operator networks. This makes it user-friendly, particularly for those who might not be deeply familiar with the intricacies of crypto staking​.

    • How Does Renzo Protocol Work?

      Renzo Protocol simplifies the staking process on the Ethereum blockchain using a layer called EigenLayer. Renzo uses smart contracts to manage the complexity of staking. You can deposit Ethereum (ETH) or liquid staking tokens (LSTs) like wETH or stETH. These contracts facilitate the delegation of your assets to various operators within the EigenLayer network.

      When you deposit ETH, it is pooled until it reaches the minimum required amount (usually 32 ETH), and then it's staked on the Ethereum Beacon Chain. This process allows your ETH to earn traditional staking rewards and additional rewards for participating in the EigenLayer ecosystem.

      By staking through Renzo, your ETH also helps secure various services in the EigenLayer, known as Actively Validated Services (AVS). In return, you receive ezETH tokens, which reflect both the Ethereum staking rewards and additional rewards from these services.

      The ezETH tokens you receive are liquid, meaning you can trade them or use them in other decentralized finance (DeFi) applications without having to un-stake your original ETH.

    • History of Renzo Protocol and REZ Coin

      Renzo Protocol was launched on December 18, 2023. One of the key founders and contributors to the project is Lucas Kozinski, who has been noted for his experience and involvement in developing and scaling Web3 startups.

      Renzo launched its beta mainnet shortly after its initial rollout, introducing capabilities for users to deposit ether (ETH) and receive ezETH. This liquid restaking token can be used in various DeFi applications for additional yield beyond traditional ETH staking. Within a short period, Renzo achieved a TVL of over $35 million, indicating strong adoption and trust in the platform from the community.

      Renzo has plans for cross-chain expansion to include other networks like BNB Chain, which will enhance its accessibility and functionality for users across different blockchain ecosystems​.

    • What Is REZ Token Used for?

      The Renzo Protocol’s REZ token serves governance and utility functions within the ecosystem. As a governance token, it allows you to vote on key proposals that shape the direction and operational aspects of the protocol.

      This involvement in governance helps determine how the protocol evolves over time. As a utility token, REZ facilitates various transactions within the platform, such as participating in staking and accessing special features that enhance your staking returns and overall engagement with the ecosystem.

      You can trade Renzo Protocol crypto on the KuCoin Spot Market after doing your own research (DYOR). Buy or sell $REZ or HODL if you believe in the future potential of Renzo Protocol and liquid restaking on Ethereum.

    FAQ

    • How much is 1 Renzo (REZ) worth?

    • Is Renzo Protocol (REZ) a Good Investment?

    • What Is Renzo Protocol Price Prediction?

    • How to Restake on Renzo Protocol

    • What is the all-time high price of Renzo (REZ)?

    • What is the all-time low price of Renzo (REZ)?

    • How much Renzo (REZ) is there in circulation?

    • How do I store Renzo (REZ)?