The maximum supply for the platform is set at 10 billion tokens, with an initial supply of 1.05 billion EZ coins. In February, Binance, the largest centralized exchange in the crypto space, invested in the Renzo protocol. The specific amount of the investment was not disclosed.
At that time, Binance Labs had a valuation of $10 billion and backed over 250 crypto protocols, as per the company’s details. According to DefiLlama data, users have deposited $3.39 billion into the defi platform. Renzo has experienced a 144% increase in the past month, making it the second-largest liquid restaker on Ethereum.
The value of the sector is now over $10 billion, but experts are divided on the risks of liquid staking. Some believe the risks are overstated, while others advise caution for participants.
