Renzo Airdrop

[cryptoaddictchie]

Another restaking protocol has been release their announcement of airdrop. Its called renzo protocol, after the Binance announced their launchpool on renzo, the team followed it by their airdrop post which gives season participants a 7% pool with minimum eligibility of 360points to be able to received.

I am participants of this one and accumulated some points. Id hope my supplied eth for ezeth is worth it.

Check the announcement.

https://twitter.com/RenzoProtocol/status/1783277589525594231?t=t4SZP6T1WKXDaS1jeGvDXQ&s=19

[Phoenixtrader]

Another restaking protocol has been release their announcement of airdrop. Its called renzo protocol, after the Binance announced their launchpool on renzo, the team followed it by their airdrop post which gives season participants a 7% pool with minimum eligibility of 360points to be able to received.

I am participants of this one and accumulated some points. Id hope my supplied eth for ezeth is worth it.

Check the announcement.

https://twitter.com/RenzoProtocol/status/1783277589525594231?t=t4SZP6T1WKXDaS1jeGvDXQ&s=19

Seems the airdrop has started & listing is today. Got some on Bitget's pre market & I'll be hoping to sell after listing. I hope it does well cos restaking protocol is a popular sector & renzo has been endorsed by industry leaders..

[cryptoaddictchie]

Seems the airdrop has started & listing is today. Got some on Bitget's pre market & I'll be hoping to sell after listing. I hope it does well cos restaking protocol is a popular sector & renzo has been endorsed by industry leaders..

Yes 30mins off the clock and they will start trading not good since the market just dumped. Plus the gas fee om claiming is quite expensive hope the price is worth the claim of gas since its gotta be on eth network.

I am thinking of not claiming it yet due to very high usage of claimers will probably claim it.

[nelson4lov]

I bought some renzo YT earlier with April 25th expiry yet I didn't qualify for Renzo season 1 drop because I didn't meet up the bare minimum (187 points, vs 360 renzo points minimum). I was disappointed to see the price of REZ launch below the pre-market value on whales and other pre-market platforms. Based on those observations and my season 1 experience, I won't be showing up for the renzo season 2 points farming. My focus is on EtherFi season 2.

17 cents for REZ? That's not good in my books.

[Mpamaegbu]

Plus the gas fee om claiming is quite expensive hope the price is worth the claim of gas since its gotta be on eth network.

It was the same thing that discouraged me too. I'm always weary of projects using the Eth native chain for its claim or swap. That's a joy killer. I rather not participate at all than participate but not being able to receive reward due to high gas fee.

[DiMarxist]

If to claim an airdrop is expensive then there is no need to participate because you don't even k ow the outcome of the project. It would have been even free so that it would attract more investors to itself. There are lot of airdrops that are out there have cheaper fees and in some it is just free participation and you claim legit tokens. But the meme coin is not too bad. It is rating $0.1668 which is a very nice to invest.
But the airdrop or the memecoin just like Eth. Even the Logo and everything.

[cryptoaddictchie]

Based on those observations and my season 1 experience, I won't be showing up for the renzo season 2 points farming. My focus is on EtherFi season 2.

17 cents for REZ? That's not good in my books.

Yeah dissapointed too mate but not all project have the same charisma during launch especially when they launch on a down trend schedule. I think they set minimum for farmers who just arrive or trying to game them on the last weeks. But honestly they arent good launch compared to etherfi. Anyways better luck next time, Im also passing for 2nd season. Anway gonna focus on the projects like mitosis whom utilize weeth instead.

[poodle63]

it was not a good airdrop for the length of the staking period in itself, i think they raised the supply for airdrop knowing that the value of REZ isn't that much, so to avoid the rage they just went with different plan.
I think this recent week most of staking rewards has been quite bleak, starting from eigenlayer where the airdrop itself was complete disappointment some people locking $50k for months and only get 5% of their initial capital as the reward, followed with kamino thats just also quite bleak in term of airdrop value after it got listed and the premarket shown.
but from my observation those that staked their money from the very beginning still got some good airdrop reward.
but for me at this point where eth price and btc price already high anyway, it might not be that much beneficial to stake unless we are talking about really good project that care about its community allocating massive supply for their community.

[God bless u]

Another restaking protocol has been release their announcement of airdrop. Its called renzo protocol, after the Binance announced their launchpool on renzo, the team followed it by their airdrop post which gives season participants a 7% pool with minimum eligibility of 360points to be able to received.

I am participants of this one and accumulated some points. Id hope my supplied eth for ezeth is worth it.

Check the announcement.

https://twitter.com/RenzoProtocol/status/1783277589525594231?t=t4SZP6T1WKXDaS1jeGvDXQ&s=19

I think it's not a problem to participate in the airdrop that are around us but the problem is that not everyone can get up to the minimum mark to get paid for their token or coins whatever. You must have some solid social media presence for that.

These projects only allow free earning upto an extent and according to my past experience they are not enough to reach the minimum level they have set on. First create a solid twitter presence so that you can use their hashtags methods or others to promote their project and earn handsome amount of coins.

[devil-soul]

I hadn't heard of this Renzo before but if there are no strange KYC procedures and any fees aren't exorbitant i'll participate is all in all i'll gain i'll take a look

[cryptoaddictchie]

it was not a good airdrop for the length of the staking period in itself, i think they raised the supply for airdrop knowing that the value of REZ isn't that much, so to avoid the rage they just went with different plan.
I think this recent week most of staking rewards has been quite bleak, starting from eigenlayer where the airdrop itself was complete disappointment some people locking $50k for months and only get 5% of their initial capital as the reward, followed with kamino thats just also quite bleak in term of airdrop value after it got listed and the premarket shown.
but from my observation those that staked their money from the very beginning still got some good airdrop reward.

Yes Ive staked my eth when still ar 2k plus above so trchnically good holding and its on winning but the additional reward for airdrop like in eigen and rez tokens are not that worth it. Its much better when I do the ethena, its reallt give a juicy rewards since most people didnt join and only participated when its already hype.

Well they say luck didnt pushed through this time. Anyway its not the only project there are yet ro come with others. I am deeply staked circulating my funds on others too for sure I'll hit some good one even others werent much good airdrops.

Anyone doing some on my list of restaking protocol?

Supply and farm LRT airdrop
-ethena (active)  ✅
-renzo protocol (active) ✅  
-zerolend (active) ✅
-eigenlayer (active) ✅
-mode network (active) ✅
-Ionic money (active) mode 🔜
-zircuit network (active) eth🔜
-kinza finance (active) bsc🔜
-Puffer finance (active) eth🔜
-blackwing (active) arb 🔜
-Milkyway (active) tia 🔜
-Karak (active) eth🔜
-Etherfi (active) eth 🔜
-mitosis (active) eth 🔜

Both zerolend and mode ending this week so we will know if their results are bleaks too.

[Sayeds56]

it was not a good airdrop for the length of the staking period in itself, i think they raised the supply for airdrop knowing that the value of REZ isn't that much, so to avoid the rage they just went with different plan.
I think this recent week most of staking rewards has been quite bleak, starting from eigenlayer where the airdrop itself was complete disappointment some people locking $50k for months and only get 5% of their initial capital as the reward, followed with kamino thats just also quite bleak in term of airdrop value after it got listed and the premarket shown.
but from my observation those that staked their money from the very beginning still got some good airdrop reward.
but for me at this point where eth price and btc price already high anyway, it might not be that much beneficial to stake unless we are talking about really good project that care about its community allocating massive supply for their community.

Indeed, RENZ airdrop fell far short of expectations, leaving many participants grossly disappointed, the general feeling of the community is that team failed to make a fair distribution. Many participants like me didn't get ant reward despite having staked reasonable amount of Ethereum on their platform. The market response was also unfavorable, despite being available on several exchanges, thye coin is struggling to find any solid ground and trading at only $0.15.

[cryptoaddictchie]

The market response was also unfavorable, despite being available on several exchanges, thye coin is struggling to find any solid ground and trading at only $0.15.

They really messed up with the distribution method I wont be shocked seeing many will divert their eth on etherfi a more stable LRT that has withdrawal function too. Anway free money still good for renzo and it helped boost points on some other plarform like eigen and zircuit. Im just appreciating their airdrop even though quote disaapointed.

[nelson4lov]

Anyone doing some on my list of restaking protocol?

Supply and farm LRT airdrop
-ethena (active)  ✅
-eigenlayer (active) ✅
-zircuit network (active) eth🔜
-Etherfi (active) eth 🔜

I participated in EtherFi season with vanilla ETH. For the season 2, I have opted for using YTs from pendle to boost my points exposure because I saw how little rewards I would've gotten from EtherFi during their season 1 drop had the team not consider smaller users in their distribution to put in a floor of 175 for small user. So yes, YTs. There's a YT pool on ethereum Mainnet that allows you to farm EtherFi, EigenLayer and Zircuit points from a single pool. There's also an Ethena Usde pool that has exposure to Zircuit points as well. In all, I've scored around 3.2k Zircuit points without directly interacting with their protocol or staking ETH. I still don't know what the project is about btw.

[cryptoaddictchie]

There's a YT pool on ethereum Mainnet that allows you to farm EtherFi, EigenLayer and Zircuit points from a single pool. There's also an Ethena Usde pool that has exposure to Zircuit points as well. In all, I've scored around 3.2k Zircuit points without directly interacting with their protocol or staking ETH. I still don't know what the project is about btw.

Really? Can you share the link of this Yt Pendle with single pool for these three and how much did you burned for having 3.2k zircuit points? Is that counted even you dont have interaction on zircuit platform? I understand renzo is quite low performanxe but their ezeth still are useful for the zircuit and eigen farming.

[Belarge]

If to claim an airdrop is expensive then there is no need to participate because you don't even k ow the outcome of the project. It would have been even free so that it would attract more investors to itself. There are lot of airdrops that are out there have cheaper fees and in some it is just free participation and you claim legit tokens. But the meme coin is not too bad. It is rating $0.1668 which is a very nice to invest.
But the airdrop or the memecoin just like Eth. Even the Logo and everything.

Airdrops still works in the current days? Honestly speaking, I've lost interest and zeal in airdrops because I've come acrossed many and have also anticipated in their activities only to come out not promising failing. Let me tell how these airdrops works, they give up hope and some of my colleagues starts making plans for profits that they're yet to witnessed with their own eyes in their portfolio and at the end of the day, these airdrops tends to screen more people out, that's specifically for the ones that's legit and willing to pay but the ones that don't pay end up folding up. I'm done with airdrops and focused on trading and investing in long and short term projects.

[nelson4lov]

There's a YT pool on ethereum Mainnet that allows you to farm EtherFi, EigenLayer and Zircuit points from a single pool. There's also an Ethena Usde pool that has exposure to Zircuit points as well. In all, I've scored around 3.2k Zircuit points without directly interacting with their protocol or staking ETH. I still don't know what the project is about btw.

Really? Can you share the link of this Yt Pendle with single pool for these three and how much did you burned for having 3.2k zircuit points? Is that counted even you dont have interaction on zircuit platform? I understand renzo is quite low performanxe but their ezeth still are useful for the zircuit and eigen farming.

These are the links:

• USDe Zircuit (Mainnet): https://app.pendle.finance/trade/points/0x90c98ab215498b72abfec04c651e2e496ba364c0?chain=ethereum
• eETH Zircuit (Mainnet): https://app.pendle.finance/trade/points/0xe26d7f9409581f606242300fbfe63f56789f2169?chain=ethereum

The eETH Zircuit pool used to have a 3x boost but it has since been reduced to a 2x boost since the 5th of May 2024. These are the two pools that I have used to garner those Zircuit points.



I currently have around 5.2k Zircuit points which puts me somewhere around the top 15k users of the protocol despite not directly staking assets in their protocol to earn the pools. For the eETH zircuit pool, you earn:

1. EtherFi season 2 points
2. EigenLayer season 2 points
3. Zircuit L2 points.

It's a 3-in-1 combo and I love it despite accruing some moderate-sized losses to my YT positions that I think the drop value might pay for.

[cryptoaddictchie]

I currently have around 5.2k Zircuit points which puts me somewhere around the top 15k users of the protocol despite not directly staking assets in their protocol to earn the pools. For the eETH zircuit pool, you earn:

1. EtherFi season 2 points
2. EigenLayer season 2 points
3. Zircuit L2 points.

It's a 3-in-1 combo and I love it despite accruing some moderate-sized losses to my YT positions that I think the drop value might pay for.

Yes you got a very juicy points. Not familiar with the YT yet but as I understand it, you will purchase it right then becomes 0 at maturity like you purchase the YT for boosting points fast. Can I ask how much did you burn for YT? Was it considerable amount of weeth? I am staking too for this. But I am thinking to add position on YT eeth zircuit. Also after purchasing the YT (zircuit) should I be able to noticed the speed up of the points on the etherfi loyalty pts, zircuit and eigen? Do I need to deposit on zircuit this Yt token or it automatically boost the leverage?

Meaning at maturity it turn to 0 right?

[nelson4lov]

~Snipped

Yes you got a very juicy points. Not familiar with the YT yet but as I understand it, you will purchase it right then becomes 0 at maturity like you purchase the YT for boosting points fast. Can I ask how much did you burn for YT? Was it considerable amount of weeth? I am staking too for this. But I am thinking to add position on YT eeth zircuit. Also after purchasing the YT (zircuit) should I be able to noticed the speed up of the points on the etherfi loyalty pts, zircuit and eigen? Do I need to deposit on zircuit this Yt token or it automatically boost the leverage?

Meaning at maturity it turn to 0 right?

Sorry, I don't know how I missed this. For your question, yes YT are a no-brainer because you burn eth or weeth to get points faster than vanilla staking on EtherFi's website. For instance, in short-dated YT pools, it's possible to get a 2-5 ETH position even though your capital for the position is only $50. I'm just using an instance — I'm not saying there's a pool right now bleeding such points.

Let's look at an example:
 

• you open YT-eETH position on pendle with an initial capital of $500 that gives you a position of 2.5ETH.
  
• Now, you earned points as if you're staking ETH directly on their protocol which is around 10k (base) EtherFi points per ETH so that's like 25K points per day earned
• Your $500 trends to 0 and will be 0 at maturity

.


So you earn points faster but only at the expense of burning your precious ETH.

[Bushdark]

Plus the gas fee om claiming is quite expensive hope the price is worth the claim of gas since its gotta be on eth network.

It was the same thing that discouraged me too. I'm always weary of projects using the Eth native chain for its claim or swap. That's a joy killer. I rather not participate at all than participate but not being able to receive reward due to high gas fee.

I don't actually like to participate in such an annoying project trying to make claiming difficult for participatants.
There are far more interesting airdrop I would prefer compared to this one that have launched successfully and users not paying a dime for network fee. Although sometimes we may not have a very good option than to wait and see what the team really has for us.
The success of a cryptocurrency project depends on so many factors.