Renzo (REZ) functions as a liquid staking platform and strategy manager for EigenLayer. It provides users with the opportunity to maximize their returns while securing Actively Validated Services (AVSs) on the Ethereum network. These AVSs are decentralized services that utilize Ethereum's security via EigenLayer, offering users distinct chances for rewards and risk management.
Renzo offers a unique approach to staking by allowing users to deposit ETH or Liquid Staking Tokens (LSTs) to receive ezETH, representing their restaked position in the EigenLayer ecosystem. Renzo stands out by enabling users to create personalized restaking strategies involving Actively Validated Services (AVSs). The platform uses smart contracts and operator nodes to execute these strategies, maximizing returns while maintaining security. Renzo's user-friendly approach and commitment to passing 100% of EigenLayer rewards contribute to widespread adoption and sustainability within the Ethereum ecosystem.
REZ has a total supply of 10,000,000,000. The current circulating supply of REZ is 1,150,000,000.
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