Binance is excited to announce the 53rd project on Binance Launchpool – Renzo (REZ), a liquid restaking protocol. Users can stake their BNB and FDUSD into separate pools to farm REZ tokens over six days, with farming starting from April 24th.
Binance will list REZ on April 30th and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY trading pairs. The Seed Tag will be applied to REZ.
REZ Launchpool Details
- Token Name: Renzo (REZ)
- Max Token Supply: 10,000,000,000 REZ
- Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply)
- Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply)
- Smart Contract Details: Ethereum
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 147,569.44 REZ in BNB pool
- 26,041.67 REZ in FDUSD pool
Till April 29th stake BNB to share 212,500,000 REZ in rewards or stake FDUSD to split 37,500,000 REZ in rewards. The more you stake – the higher the rewards!
Binance has made a special offer for BeInCrypto readers. Sign up on the platform, and pass KYC to participate in free allocation. Please note that only first 50 users will get an allocation.
Terms and conditions
- Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.
- If there are more than one Launchpool projects running concurrently, users’ BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.
- BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user’s country or region of residence. Please refer to the instructions on the Launchpool page.
Currently, users residing in the following countries or regions will not be able to participate in farming REZ: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Renzo Website | Whitepaper | X
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