Renzo

Renzo (REZ)

Full information about Renzo (REZ). Current Renzo price in TRY, REZ open/close rates, Renzo history charts, Renzo market capitalization and volume.

1 REZ = 1.87 ₤ Turkish Lira (TRY)
0.0486643 TRY

Last updated: 2024-10-01 01:41:00 UTC - about 7 months ago 1 USD = 38.412850 TRY

General information
Global rank:432
Name: Renzo Renzo
Symbol:REZ
Current coin price (TRY):1.87 ₤
Last hour:arrow_upward2.79 %
Last 24 hours:arrow_upward4.58 %
Last 7 days:16.72 %trending_up
Capitalisation (TRY):3 056 912 196.09 ₤
Volume 24h (TRY):769 844 026.90 ₤
Available supply:1 635 293 543.00 REZ
Total coin supply:-1 REZ
Start date:2024-04-23
Last updated: 2024-10-01 01:41:00 UTC - about 7 months ago
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Candle
OHLC
USDEURCADGBPCHFJPYZAR
JavaScript chart by amCharts 3.20.16Value$0.01447
JavaScript chart by amCharts 3.20.16AprApr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 300.0100.0120.0140.0160.0180.020
JavaScript chart by amCharts 3.20.16Volume$16,626.34
JavaScript chart by amCharts 3.20.16AprApr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30050,000100,000
JavaScript chart by amCharts 3.20.16AprApr 04Apr 06Apr 08Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30

Renzo/Turkish Lira (REZ/TRY) price chart

Renzo/Turkish Lira (REZ/TRY) capitalisation and volume charts

What is Renzo (REZ)?

Renzo is a Liquid Restaking Token (LRT) that serves as a Strategy Manager for the EigenLayer protocol. It provides an interface to the EigenLayer ecosystem, which secures Actively Validated Services (AVSs) and offers yields higher than typical ETH staking. Renzo simplifies user interaction with this ecosystem by abstracting the complexities involved in staking and restaking strategies.

What is Renzo (REZ) used for?

Renzo enables users to deposit Ethereum-based assets like native ETH, wBETH, or stETH, and participate in the EigenLayer protocol to earn restaking points and staking rewards. By minting ezETH against these deposits, Renzo facilitates liquidity and immediate participation rewards through a decentralized Ethereum validator infrastructure. This structure supports unrestricted participation in EigenLayer, contributing to the overall security and operability of the Ethereum network.

Renzo also employs a token system—REZ tokens—that are integral to its ecosystem. These tokens are used for governance, enabling holders to vote on proposals that guide the development and operational aspects of the protocol. Furthermore, REZ tokens are distributed through various community engagements and reward mechanisms such as airdrops and staking incentives. The tokenomics of REZ are designed to encourage long-term holding and participation within the Renzo ecosystem, with a vesting schedule that aligns incentives between the developers, investors, and users.