The DeFi sector has experienced remarkable growth, with its total value locked (TVL) reaching a two-year high of approximately $172 billion in Q1 2024. This surge is largely attributed to the emergence of liquid restaking protocols (LRTs). <a href="https://tradedog.io/lrt-protocol-renzos-token-rez-to-launch-on-april-30/" rel="noopener noreferrer nofollow">LRTs</a> enable users to stake their Ether/LST or liquid staking tokens to earn rewards while retaining the flexibility to use them in other DeFi applications. These protocols provide liquid tokens (such as ezETH for Renzo) in exchange for staked assets.Data from DeFiLlama illustrates the meteoric rise of liquid restaking. The TVL of LRTs soared to an all-time high of $10.6 billion in Q1 2024. Currently, the TVL of LRTs stands at approximately $10.36 billion, marking a monumental increase from around $281 million on January 1st, 2024. This represents a growth of over 3,600% in just four months. Notably, Ether.fi is one of the leading players in the liquid restaking landscape, experiencing a remarkable 3,544% growth during the same period. This surge underscores the growing demand for diverse solutions in the liquid restaking space.<h2 id="header-0">Introducing Renzo</h2>Renzo is another LRT protocol which emerged as a prominent player in the burgeoning world of liquid restaking. Launched in January 2024, the protocol has quickly gained traction within the DeFi ecosystem with a total value locked (TVL) of <a href="https://defillama.com/protocol/renzo#information" rel="noopener noreferrer nofollow">$3.3 billion</a>. Renzo ranks as the second-largest liquid re-staking protocol, trailing only the established giant Ether.fi.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1e154867fe82493691e82ad94d8d2877.png" /><h2 id="header-1">The REZ Token Launch</h2>Renzo is taking a major step towards decentralization by launching its native token, REZ, on April 30, 2024. This launch signifies a pivotal moment for the Renzo ecosystem, as it embraces community governance. Notably, the REZ token distribution will take place through Binance Launchpool.REZ holders will have voting rights on important governance proposals that impact the Renzo protocol, such as risk management frameworks, asset allocation, operator whitelisting, and treasury management. Users can claim their REZ tokens on April 30, 2024, based on their accumulated ezPoints during Season 1 of the ezPoints campaign. The official claim link will be accessible on claim.renzoprotocol.com. Minimum ezPoint requirements and disqualification rules for Sybil wallets and manipulative behavior will be enforced.Season 2 and BeyondWith the REZ token launch and the conclusion of Season 1, Renzo is gearing up for an exciting future. Season 2 of the ezPoints campaign begins on April 26th, offering new opportunities for users to earn REZ tokens. Additionally, participants in Season 1 who maintain their ezETH holdings will receive a 10% boost. The launch of the REZ token marks a significant milestone for Renzo, empowering its community to actively participate in the protocol&#39;s evolution and solidifying its position as a leader in the liquid restaking landscape. By empowering its community through a robust tokenomic structure and rewarding long-term participation, Renzo is well-positioned to continue its growth trajectory and contribute to the advancement of the DeFi landscape.ConclusionThe REZ token launch and the start of Season 2 represent a transformative chapter for Renzo, reflecting the growing popularity of liquid restaking tokens (LRTs). The total value locked (TVL) in LRT protocols surged from approximately $281 million to around $10.36 billion in Q1 2024. This surge is further fueled by airdrop programs and token launches from leading LRT projects like Swell and EtherFi. With the launch of REZ, Renzo adds momentum to this trend, reinforcing the adoption of LRTs and their potential to reshape the future of DeFi staking.<react-video url=""></react-video><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0de69f5f169343dd9d3c7354a1d0fc37.png" />

LRT Protocol Renzo’s Token $REZ to Launch on April 30

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