Bitcoin Forum

I've been trading and I'm used to several crypto concepts, but I just came across this and it's worth sharing. It's called Renzo, a restaking protocol built on EigenLayer that aims to simplify your ETH staking game. They automate everything, plus they restake your ETH on EigenLayer for potentially even higher yields. You also get this liquid token, ezETH, to play around with in other DeFi protocols for extra returns.

The project has some serious backing (Binance Labs, OKX Ventures) and has already attracted a massive $3.3B TVL. Their token, $REZ, is about to launch on Binance, and it'll be used for governance within Renzo. There's even a possible airdrop for ETH stakers, and does this seem promising for crypto traders like us - higher staking rewards and more DeFi opportunities?  What do you guys think?

https://www.bitget.com/pre-market/REZUSDT

It’s definitely an attractive prospect with being able to maximize our earnings with little to no effort but just how safe is this system? Anything automated has been such a great help to us but has it been perfected yet?

It definitely has the support of the community which I think alongside a very strong idea can be very successful later on.

Trying to spam some alternative way to do it will not get more investors, just because it yields more, doesn't mean that people will trust more, just to make sure of that, you could try to tell people that you are giving 5000% back yearly, you will see that people will run away faster than speed of light, because higher doesn't mean more trust worthy and it also usually means that you are going to end up with a loss eventually.

I believe that we are going to see people just use regular staking on their pc, or they will use places like Binance to use their staking pool as well, as long as you keep your ETH there, they will pay you a fee for keeping it there, and it will definitely be profitable enough to not worry about it.

It looks like a very good project. Binance is currently running a launchpad in about 5 days, which will come to an end, and immediately after that, the tokens will be listed on Binance.
 
One thing about such a project is that it's hard to see how to buy them in the early stages. Aside from waiting for them to be listed on those exchanges, once they have been listed, the coins will pump to the highest, which won't be a good idea to dive into, and also, staking on that launchpad, one can't even get anything tangible from it unless someone is going in with hundreds of dollars in their pocket.

Come on, it's good that you've been telling some opportunities but you always tell it to the point that you'll always leave with the link from that exact exchange.
It's obvious on what you are up to but this isn't an ultimate ETH staking solution. If someone wants to stake his ETH, he should just go straight to the pool and won't go to a third party like the exchanges.

 Anything automate is not recommendable. Because the day when it will disappoint you, you will regret using it and it is not a matter of listed in those exchanges although it is good for the beginning time but I have seen coins listed in those exchanges and later they delisted them again and all what we need is the genuineness of the project. Well since the project has some renown backing from Binance and OKX then people can invest in it but be careful with altcoins because their not for real time invest but to make money quickly.

You've got a point, buddy. I used the Bitget pre-market link OP sent earlier. Now that the listing is today, I'll be hoping to sell some REZ. Restaking is a popular topic, and with Renzo, you have the flexibility to interface with the EigenLayer ecosystem not only on Ethereum but also on other networks like Arbitrum, Linea, Mode, Base, BNB, and OKX L2, which seem to be attracting users