What is REZ

1. Project Introduction
Renzo (REZ) is a liquid restaking token (LRT) and strategy manager designed to promote the use of EigenLayer, thus securing Actively Validated Services and maximizing returns. By allowing users to deposit ETH or wBETH to create ezETH tokens, Renzo streamlines the staking process and eliminates the need for 32 ETH or integration with EigenPods. As a protocol based on the EigenLayer ecosystem, Renzo aims to simplify complex staking mechanisms and facilitate rapid collaboration with EigenLayer node operators and Actively Validated Services (AVS).
Summary: By introducing the derivative token ezETH and advanced algorithms, Renzo offers higher yields and liquidity, enabling users to restake stably and efficiently while automatically optimizing configuration options.
2. Team & Investment Info
Renzo's founder Kratik Lodha was the Research & Investments Lead at Woodstock. Renzo’s founding contributor, Lucas Kozinski, has extensive experience in crypto projects such as Moonwell, TokenSoft, and the Tezos Foundation.
Funding: Renzo completed a $17 million funding round on June 18, 2024. Funds were raised in two rounds, with Galaxy Ventures leading the first round and Nova Fund — BH Digital leading the second. Previously, Renzo also received $3.2 million in seed investment from Maven11, Figment Capital, Binance Labs, OKX Ventures, IOSG Ventures, SevenX Ventures, and others.
3. Social Media URLs
X: https://x.com/RenzoProtocol
Telegram: https://t.me/RenzoProtocolChat
Discord: https://discord.com/invite/renzoprotocol
4. Token Info
Token Symbol: REZ
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x3b50805453023a91a8bf641e279401a0b23fa6f9
Token Distribution:
Fundraising: 31.56%, 1 year cliff followed by 10% unlock and 1 year linear monthly vesting thereafter;
Community: 32%, first 7% distributed to Renzo users for Season 1, the remainder used for various community campaigns and cross-chain initiatives;
Core Contributors: 20%, locked on a 1-year cliff with 2-year linear monthly vesting thereafter;
Foundation: 12.44%;
Binance Launch Pool: 2.5%;
Liquidity: 1.5%.
5. Related Links
Official Website: https://www.renzoprotocol.com/
GitHub: https://github.com/Renzo-Protocol
Other Info: https://docs.renzoprotocol.com/docs

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.