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REZ
USD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter provides REZ to USD real-time exchange rates, making it easy to convert Renzo (REZ) to United States Dollar (USD). The conversion result is based on real-time data. The conversion result shows that 1 REZ is currently valued at 0 USD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 REZ is currently valued at 0 USD, which means buying 5 REZ would cost 0 USD. Similarly, $1 USD can be converted to Infinity REZ, and $50 USD can be converted to Infinity REZ, excluding any platform or gas fees.
About Renzo (REZ)
What Is Renzo?
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, designed to optimize interactions within the EigenLayer ecosystem. It was founded in 2023 by James Poole and Lucas Kozinski. Renzo simplifies the complex landscape of blockchain restaking for its users, offering a more intuitive engagement with decentralized finance (DeFi) applications on Ethereum. By abstracting the intricacies of the underlying technologies, Renzo empowers users to leverage the full potential of Ethereum's security and decentralized trust mechanisms, enhancing both access and yield potential compared to traditional
ETH staking.
Renzo advocates for the decentralized ethos of EigenLayer, aiming to drive its adoption across the Ethereum blockchain. This protocol supports a variety of Actively Validated Services (AVS), which are essential components in maintaining the robustness and efficiency of decentralized applications. Through these services, Renzo not only contributes to the security of the Ethereum ecosystem but also makes it easier for both novice and experienced users to optimize their staking strategies without needing deep technical knowledge.
Resources
Official Documents:
https://docs.renzoprotocol.com/docs
Official Website:
https://www.renzoprotocol.com/
How Does Renzo Work?
At its core, Renzo operates by pooling Ethereum stakes and allocating these to different Actively Validated Services (AVS) within the EigenLayer ecosystem. This process involves the creation of ezETH, a liquid token that represents the staked ETH in a restaked position. By depositing either native ETH or other liquid staking tokens (LSTs) like wETH or stETH, users receive ezETH, which can then be used within the Renzo protocol or across various DeFi applications. This mechanism ensures liquidity and flexibility, allowing users to engage dynamically with multiple blockchain services.
Renzo utilizes a combination of smart contracts and professional node operators to manage these restaking activities effectively. The platform's node operators are rigorously vetted and are among the most reputable in the industry, ensuring not only the security of the funds but also the integrity of the restaking operations. These operators run specialized software to validate transactions and services within the EigenLayer, forming a critical link between stakers' assets and their application in securing blockchain services.
The restaking strategies employed by Renzo are designed to optimize risk and reward. Users can choose from various strategies depending on their risk tolerance and expected returns. These strategies are dynamically adjusted based on real-time market conditions and the evolving landscape of available AVS. By effectively balancing the risk and rewards, Renzo provides its users with the potential for higher returns compared to direct staking methods.
Additionally, Renzo's architecture includes features for scalability and upgradeability, ensuring it can adapt to changes within the Ethereum ecosystem and incorporate innovations swiftly. The use of proxy contracts for its smart contracts allows for seamless upgrades without disrupting the ongoing operations or compromising the security of the users' assets.
What Is REZ Token?
REZ is the native utility token of Renzo, serving several vital functions within its ecosystem. Primarily, REZ is used for governance, allowing token holders to vote on various proposals that dictate the protocol’s development and operational strategies. This includes decisions on upgrading system components, introducing new features, and adjusting key protocol parameters that affect the restaking strategies and rewards distribution.
REZ tokens are also integral to the reward system within Renzo. They are distributed to users based on their activity level and the amount of ezETH they hold, which is influenced by their participation in restaking operations. The distribution mechanism is designed to incentivize both long-term participation and active engagement within the ecosystem.
The tokenomics of REZ ensure a broad distribution among participants, with a clear vesting schedule that supports long-term commitment. A significant portion of REZ tokens is allocated to community initiatives, rewarding users who contribute to the protocol’s success and supporting ongoing development and expansion efforts across different blockchain environments. REZ has a total supply of 10 billion tokens.
What Determines Renzo’s Price?
The price of Renzo (REZ) is influenced by a combination of factors prevalent in the blockchain and Web3 sectors, with supply and demand dynamics playing a central role. As investors seek the best crypto investment for 2024 and beyond, the unique value proposition of Renzo as a Liquid Restaking Token (LRT) within the EigenLayer ecosystem becomes crucial. Market volatility and the latest news about
cryptocurrency regulation can also sway REZ price significantly. As regulations shape the landscape and new technological integrations within Web3 emerge, these factors collaboratively dictate the demand for Renzo, impacting its market price.
Additionally, REZ price is closely tied to cryptocurrency trends, as shown by the analysis provided by cryptocurrency charts. The insights from these charts help formulate Renzo price predictions, guiding potential investors in making informed decisions. The risks associated with blockchain investments, such as market volatility and technological shifts in Web3, also influence Renzo's valuation.
For those interested in investing or trading Renzo, one might wonder: Where to buy REZ? You can purchase REZ on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about Renzo:
Renzo to USD conversion rate trend
The price of Renzo has not been updated or has stopped updating. Information on this page is for reference only.
Start by learning the basics of Renzo: What is Renzo and how does Renzo work？
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BTC to USD
Amount
04/05/2025 04:58 today
0.5 BTC
$47,919.6
1 BTC
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5 BTC
$479,196
10 BTC
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50 BTC
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100 BTC
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500 BTC
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1000 BTC
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USD to BTC
Amount04/05/2025 04:58 today
0.5USD0.{5}5217 BTC
1USD0.{4}1043 BTC
5USD0.{4}5217 BTC
10USD0.0001043 BTC
50USD0.0005217 BTC
100USD0.001043 BTC
500USD0.005217 BTC
1000USD0.01043 BTC
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ETH to USD
Amount
04/05/2025 04:58 today
0.5 ETH
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1 ETH
$1,834.24
5 ETH
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10 ETH
$18,342.37
50 ETH
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100 ETH
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500 ETH
$917,118.35
1000 ETH
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Amount04/05/2025 04:58 today
0.5USD0.0002726 ETH
1USD0.0005452 ETH
5USD0.002726 ETH
10USD0.005452 ETH
50USD0.02726 ETH
100USD0.05452 ETH
500USD0.2726 ETH
1000USD0.5452 ETH
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ETH to MXN
Mexican Peso
Mex$35,915.27ETH to GTQGuatemalan Quetzal
Q14,130.59ETH to CLPChilean Peso
CLP$1,735,463.05ETH to HNLHonduran Lempira
L47,743.53ETH to UGXUgandan Shilling
Sh6,729,115.79ETH to ZARSouth African Rand
R33,738.95ETH to TNDTunisian Dinar
د.ت5,470.61ETH to IQDIraqi Dinar
ع.د2,409,708.29ETH to TWDNew Taiwan Dollar
NT$56,339.68ETH to RSDSerbian Dinar
дин.189,745.73ETH to DOPDominican Peso
RD$107,895.67ETH to MYRMalaysian Ringgit
RM7,832.19ETH to GELGeorgian Lari
₾5,034.98ETH to UYUUruguayan Peso
$76,966.59ETH to MADMoroccan Dirham
د.م.16,989.07ETH to OMROmani Rial
ر.ع.706ETH to AZNAzerbaijani Manat
₼3,118.2ETH to SEKSwedish Krona
kr17,709.01ETH to KESKenyan Shilling
Sh237,258.52ETH to UAHUkrainian Hryvnia
₴76,322.41- 1
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