Renzo

From CryptoWiki

Has the azETH liquid restaking token (LRT) for EigenLayer.

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

Transaction Details

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

  • Renzo experienced hockey-stick growth from zero to $3B in TVL in just 4 months (24-4-2024). When it announced its insider skewed tokenomics, ezETH depegged for a moment. Farmers were unhappy:

"When it comes to Renzo, I can't help but feel disappointed. Binance whales get a 2.5% share by locking BNB/stables for only 6 days - totally risk-free! Plus, Binance invested at $25M valuation Meanwhile, we locked $3B in ETH for months just to chase points for a 5% allocation."

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Tried to fool CT with insider skewed tokenomic pie charts (4-2024).

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Zircuit; mentioned a founder was part of their Mainnet Round (22-7-2024).

Partners

(:

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