Ethereum liquid restaking protocol, Renzo, plunged nearly 35% on Tuesday after it went live on Binance and opened airdrop claims for its REZ token.
Renzo users could claim their airdrop based on accumulated ezPoints. REZ dips about 35% after listing on Binance and several other exchanges. Renzo seems to have gotten over an earlier scare from ezETH depeg last week. Also read: Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment REZ debuts on Binance REZ went live on Binance on Tuesday, one hour after opening airdrop claims for participants in its Season 1 campaign.
Also read: EigenLayer to launch airdrop in May following the introduction of the Eigen Foundation Wallets that have accumulated more than 500,000 ezPoints will unlock only 50% of their airdrop value while the remainder will be available through a three-month vesting period, noted Renzo. Renzo's initial supply is 1.15 billion, with the remaining 8.85 billion token unlockfollowing key criteria.
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