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Renzo perpetual contract

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REZUSDT.P trade ideas

Outlook REZRenzo is liquid restaking on the Eigen Layer. With restaking, users can earn additional rewards from tokens they have already staked, without needing to withdraw assets from the main platform. The RSI is around the 41.78 level, indicating a near-oversold condition. This could mean there is potential for a bullish reversal if momentum shifts. There is relatively high volume on the lower side of the chart. This high volume indicates a significant level of trading interest, which could confirm the anticipated price movement. AMEX:REZ is likely to dip first into the Sell Side Liquidity area before bouncing upward towards the Buy Side Liquidity area. If it successfully breaks market structure (BMS) in the demand area/buy side liquidity, there is a potential upside of around 65.43%. =====================================================================
Long
by Kagami99
Renzo Bottom Pattern But... (140% - 249% Targets)We have bottom pattern clearly formed on this chart, REZUSDT, and the action already moved above the patterns baseline, but, there is no volume and thus this is a weak signal. The signal is weak or early but not entirely meaningless. The Adam & Eve bottom formation tends to be highly accurate, that is, the pointed low followed by a rounded low, and this is the bottom pattern present on the chart. Sometimes volume is not present because the real action is yet to start and volume only shows up when prices start to pierce through strong resistance levels. There is no resistance on the way up, so far. This is a bullish setup, but these are early signals. Make sure to plan for all scenarios. Compare this one to REZBTC, see what the other side of the market has to say. Check the 'Related publications' below. Thank you for reading. Namaste.
Long
by AlanSantana
2
Rez accumulation zones IAP model for altcoins after listing! Watch the main zones for accumulation BINANCE:REZUSDT Possible Targets and explanation idea ➡️IAP model for altcoins! Looking in to accumulation zones for Renzo ➡️Check the chart and titles on zones ➡️Im waiting order flow step by step to first zone to buy. ➡️Only 10% coins unlocked and now its 1b supply Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
REZ analysis (4H)From where we entered "start" on the chart, the REZ correction seems to have started. The pattern seems to be a diametric. Now it looks like REZ is going to complete the F wave of this diametric. If the price reaches the red range, we will look for sell/short positions. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
$rez Hopeum edition! Hello Traders, This is one of my favorite coins on the current market. Big Giant coorp's trying to merge traditional banking system into new universal DEFi banking. I have high hopes for this coin but current market mostly depends on how BTc behaves and Binance's aggressive auto buying and selling bots! I think overall correction for altcoins is about to end. I am saying this because If they continue to suppress alt coins, this market will collapse all together. You can't steal from poor and give it to rich constantly! There must be some fine balance in between! This has been the way for so many years and it will continue to do so in the future! Having said I am personally expecting %60 gains in near term and possibly more. We need to watch important levels as I marked it clearly on the daily chart! Good luck!
Long
by SpaceCatZ
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight. Market Context Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit. Bearish Signals • BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market. • Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT. • Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels. Strategy Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move. Action Plan Going short on REZUSDT, targeting a continuation of the downward movement. Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥 Good luck, everyone!
Short
by minno91
RENZO $REZREZ Renzo (REZ) is a project aimed at simplifying and improving the user experience in the EigenLayer ecosystem. As an interface to EigenLayer, Renzo secures actively verified services (AVS), offering more attractive returns than traditional Ethereum staking. By abstracting away the underlying complexities, Renzo enables seamless collaboration between users and operators of EigenLayer nodes. The Renzo protocol is governed by the REZ token, which is backed by the Liquid Restaking Token ezETH. This governance structure allows the community to be involved in the decision-making processes that determine the future of the Renzo ecosystem. How it works For every LST or ETH deposited on Renzo, it mints an equivalent amount of $ezETH. Renzo is designed to be the primary inbound / outbound for Ethereum restacking, utilizing a combination of smart contracts and operator nodes to provide the best risk / reward redistribution strategy. Roadmap Here are some key highlights from the roadmap updates from April 30, 2024: Renzo is introducing new utilities for the AMEX:REZ token, giving users more ways to maximize their rewards. The Renzo team is working on a withdrawal option for ezETH, which is expected to be available soon. A second season of the AMEX:REZ rewards program will be launched, providing token holders with additional ways to earn rewards. The Renzo team is focused on building the #1 restacking protocol and has announced plans to introduce new features and services to improve the user experience. The Renzo community will have the opportunity to participate in monthly community meetings where they can discuss Renzo roadmap updates, ongoing audits and withdrawals. Renzo is offering AMEX:REZ rate increases for holders and first season airdrop participants, providing additional incentives for token holders. The Renzo team is working to improve the product and focus on Renzo's competitive advantage in the liquid restocking market. Renzo plans to hold regular community meetings to interact with the community and provide updates on the progress of the project. These updates indicate that Renzo is actively working to improve its platform, introduce new features and engage with the community to drive adoption of its liquid restacking protocol. Team The Renzo team consists of experienced professionals who are dedicated to building a reliable and user-friendly platform. Lucas Kozinski, James Poole and Kratik Lodha are the co-founders of Renzo. Lucas Kozinski is a computer science graduate specializing in distributed systems and blockchain technology. He has previously worked on developing decentralized applications and has extensive experience with security protocols. James Poole is an experienced entrepreneur and blockchain enthusiast. He has been involved in several blockchain projects and has a deep understanding of the technology and its potential applications. Kratik Lodha is a software engineer with experience in smart contracts and blockchain architecture. He has worked on various blockchain projects and has a strong interest in decentralized finance (DeFi). All of these individuals bring a wealth of experience and knowledge to the project, ensuring that Renzo is well positioned to achieve its goals and deliver value to its users. In addition, the Renzo community actively engages with the team and provides valuable feedback. The team holds regular community meetings to update the community on the progress of the project and answer any questions. Overall, the Renzo team is committed to building a strong and transparent project that benefits its users and contributes to the growth of the cryptocurrency ecosystem. Tokenomics REZ will play an important role in the Renzo ecosystem. REZ will be used for governance purposes, allowing token holders to vote on proposals and initiatives related to the Renzo protocol. Renzo has allocated 32% of the total REZ to the community, of which 7% will be distributed to Season 1 participants and 5% to Season 2 participants. This allocation is based on users' accumulated ezPoints, which are earned for participating in the Renzo ecosystem. The Renzo protocol is focused on the long-term growth of the protocol and its community. To align long-term incentives with the Renzo community, a vesting schedule will be applied to the largest airdrop recipients. If a qualified user decides to leave the ezETH ecosystem early, their unspent rewards can be distributed to other loyal users to increase the proportion of loyal airdrop users who continue to participate. The Renzo Labs team and advisors who worked on the protocol to bring ezETH to market will receive 20% of the REZ. This allocation is subject to a 1-year cliff vesting followed by 1-year linear monthly vesting. The Renzo Foundation will receive 12.44% of the REZ, which will be used to fund initiatives that expand the scope of $ezETH, such as further development, risk assessment and auditing. Renzo has also allocated 2.5% of REZ's volume to the Binance Launch Pool and 1.5% to liquidity. Audit The Renzo protocol underwent a competitive audit conducted by Code4rena, culminating in the announcement of the winners on June 3, 2024. The audit was aimed at ensuring the highest security results for the Renzo protocol. The winners of the Renzo competitive audit were the LessDupes team, receiving nearly $24,000 from the prize pool. Code4rena congratulated Renzo for its strong commitment to security. It's worth noting that Renzo is transparent about its security measures and takes steps to ensure the safety of its users' funds. The protocol has been vetted by reputable firms and has implemented robust security protocols to protect against potential vulnerabilities. Github From a developer's perspective, the Renzo protocol has a number of features that make it an interesting project to work on. The protocol abstracts away all complexity from the end user and allows for easy collaboration between users and EigenLayer node operators. This means that developers can focus on building applications on top of Renzo without worrying about the complexities underlying EigenLayer. Overall, the Renzo protocol provides an interesting opportunity for developers to build applications on top of EigenLayer. The protocol abstracts away complexity and provides easy interaction between users and node operators. However, developers should keep security issues in mind and take them into account when working on the Renzo protocol. Conclusion The Renzo protocol has attracted significant investment, including a partnership with Connext and backing from Binance Labs, Figment Capital, SevenX, IOSG and Paper Ventures, indicating a growing interest in EigenLayer restacking. Overall, Renzo is a great project that simplifies Ethereum restacking and offers higher returns than traditional staking, and will be a great Ethereum staking tool for institutional investors once Ethereum ETFs are adopted. I have not added an asset to my portfolio at this time. I am monitoring accumulation and looking to build up positions at the lower boundary of the channel or on a channel breakout. Best regards EXCAVO
Long
by EXCAVO
2
$REZ /USDT Idea ::::::::::> possible 45%++Hello traders! We have a bit of risky bet here but could be interesting. Just look at it! Currently market cap sitting at $180mil usd and daily volume is $210 million usd (up 300% since yesterday) . When daily volume is higher than market cap , crazy things can happen. We have positive trend in our hands and ema20 clearly holds solid on 4hr chart. As long as Triangle support holds rally may still continue. If it does , we may see crazy moves in short time. This is clearly risky setup with very high rewards loss ratio.
by SpaceCatZ
2
Ethereum and airdrop farming ideaHope everyone is enjoying the weekend so far, wanted to bring your attention to a setup forming in Ethereum and the ramifications from the upcoming launch of the EigenLayer token. If you are not aware, EigenLayer is a protocol that allows Ethereum stakers to rehypothecate their position, and secure other networks with the same Ethereum collateral. The way coins will be distributed is based on participation in restaking (which for now is only getting started as far as having actual protocols to secure on top of securing the Ethereum network with your staked coins). Naturally, this new protocol creates an opportunity for other entities to develop solutions to enable people with lesser capital who can't run a validator node (each requires 32 ETH and specialized software and hardware, and connectivity) or who might want to have liquidity while benefiting from restaking, rather than being locked into the EigenLayer protocol for an extended period of time before being able to withdraw funds (initially this was a few months of wait, was reduced recently). Thus, liquid restaked Ethereum tokens came out, one of the most prominent ones being Renzo, who offers people the ability to restake their ETH with them, and obtain ezETH tokens, that can be used to interact with various decentralized finance dapps, like for example, using it as collateral to obtain a USDT loan, or lending it to traders for extra yield, or perhaps to provide liquidity in trading pairs that allow people to quickly trade from spot ETH into restaked ETH tokens, or derivatives that exist out there tied to these ezETH liquid restaked tokens. Renzo launched their own governance token, which has a very bullish chart, suggesting it can grow from here with very low risk if you buy into it. At some point, the token might allow people to obtain part of the protocol's revenue as a sort of dividend if you hold and stake it. For the time being, the incentive is that if you hold and stake some REZ, you may get some bonuses to farm future airdrop seasons (the distribution of REZ tokens is split in a few batches, called seasons). Each day that you hold on to ezETH you accumulate points, which determine how many coins you will get in the next airdrop season, both for EigenLayer tokens (EIGEN) and for Renzo governance tokens ( AMEX:REZ ). An initial batch of EIGEN and REZ tokens were already distributed, but the EIGEN tokens can't be transferred or sold, so there is no market to show a chart for them. I pasted an image of a pre launch futures contract that you can trade at aevo.xyz, to illustrate what the value of EI GEN is perceived to be. My idea is that EIGEN can be something like Lido governance tokens, it became the largest liquid staking token and price went up 25x from launch. The potential is there, and since Ethereum has a good chance of outperforming Bitcoin due to ETF flows and speculation surrounding them, it makes a ton of sense to allocate capital into farming EIGEN and REZ while riding the trend in ETH. It's a no brainer move that everyone should be profiting from IMHO. To do it, you do need to familiarize yourself with operating hardware wallets, metamask or other browser addon wallets (like Rabby Wallet, which also happens to accumulate points with usage, for a future distribution of their own token!) to interact with decentralized apps, and proper security practices to manage custody of crypto outside of centralized exchanges. Then you need to be aware of the different ways of using the Ethereum network, as there is a main net layer 1, and layer 2 networks that operate on top of it but allow you to spend WAY less on fees. Renzo, conveniently allows you to restake your ETH while using a layer 2 network, which costs fractions of a cent per operation, vs Ethereum layer 1 main net which costs $1.5-3 to move coins around, and 15-30-50 or more to interact with decentralized apps. First step would be to obtain some ETH at an exchange, withdraw to your Arbitrum network ETH address (which you obtain after setting up your Trezor or Ledger wallet and hooking it up to Metamask or Rabby Wallet). Then head to Renzo's page to restake your ETH: app.renzoprotocol.com There you will see this menu: imgur.com Connect your browser wallet to the app, then click on the ETH icon in the restake menu, to select the network, you'll see icons for each, hover on them to find the Arbitrum network, then click on your ETH balance. After confirming the required steps to restake (allow spending your ETH, signing a transac tion, then confirming the restaking operation transaction), you will have ezETH in your wallet and some ETH for fees (maybe 0.01 ETH to be safe). You can see your balances in a dashboard app like DeBank: debank.com your ETH address here* This is the start, there's more advanced stuff to do to put that capital to work, but holding some restaked ezETH is the bare minimum I'd suggest, then study and familiarize yourself with everything that there is to learn. We are looking at a possible extra yield from airdrops which can be substantial (maybe 2-3x gains) on top of an asset that can go up 3 to 10x from here! If you wanna learn more, and follow my insights for this, check out my signature for info. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
3
RENZO BULLISH MOMENTUM!!!!Renzo Protocol is a prominent player in liquid re-staked ETH, issuing ezETH tokens that can be used in various DeFi applications. They also launched a governance token, REZ, which has potential for growth and future dividends. I want to highlight a significant development in the Ethereum ecosystem: the upcoming launch of the EigenLayer token. EigenLayer enables Ethereum stakers to rehypothecate their positions, using the same ETH collateral to secure other networks. The distribution of these tokens is based on participation in restaking, with the protocol gradually onboarding new networks. This opens opportunities for solutions targeting smaller investors who can’t run validator nodes (which require 32 ETH and specialized hardware) and prefer liquidity. Liquid restaked Ethereum tokens have emerged, with Renzo’s ezETH being a notable example. Renzo allows users to restake ETH and receive ezETH tokens, which can be used across DeFi applications for lending, collateralizing, or providing liquidity. Renzo’s governance token, REZ, has shown promising growth potential. Holding and staking REZ may yield future dividends and bonuses for farming subsequent airdrop seasons. Accumulating points through holding ezETH determines your share of future EIGEN and REZ distributions. EIGEN could mirror the success of Lido’s governance tokens, which saw substantial appreciation. With Ethereum potentially outperforming Bitcoin due to ETF flows, investing in farming EIGEN and REZ while riding ETH’s trend appears advantageous. To participate, you need familiarity with hardware wallets, browser extension wallets (like MetaMask or Rabby Wallet), and decentralized apps. Renzo operates on layer 2 networks, offering significant fee reductions compared to Ethereum’s layer 1. Steps to get started: 1. **Acquire ETH**: Purchase ETH from an exchange and withdraw it to your Arbitrum network ETH address. 2. **Restake ETH**: Visit (app.renzoprotocol.com/restake). Connect your wallet, select the Arbitrum network, and restake your ETH to receive ezETH. 3. **Track Balances**: Use a dashboard app like (debank.com/profile) to monitor your holdings. We are looking at a possible extra yield from airdrops which can be substantial (maybe 2-3x gains) on top of an asset that can go up 3 to 10x from here!
Long
by anandahaidarr
RENZO BULLISH MOMENTUM!!!I want to highlight a significant development in the Ethereum ecosystem: the upcoming launch of the EigenLayer token. EigenLayer enables Ethereum stakers to rehypothecate their positions, using the same ETH collateral to secure other networks. The distribution of these tokens is based on participation in restaking, with the protocol gradually onboarding new networks. This opens opportunities for solutions targeting smaller investors who can’t run validator nodes (which require 32 ETH and specialized hardware) and prefer liquidity. Liquid restaked Ethereum tokens have emerged, with Renzo’s ezETH being a notable example. Renzo allows users to restake ETH and receive ezETH tokens, which can be used across DeFi applications for lending, collateralizing, or providing liquidity. Renzo’s governance token, REZ, has shown promising growth potential. Holding and staking REZ may yield future dividends and bonuses for farming subsequent airdrop seasons. Accumulating points through holding ezETH determines your share of future EIGEN and REZ distributions. EIGEN could mirror the success of Lido’s governance tokens, which saw substantial appreciation. With Ethereum potentially outperforming Bitcoin due to ETF flows, investing in farming EIGEN and REZ while riding ETH’s trend appears advantageous. To participate, you need familiarity with hardware wallets, browser extension wallets (like MetaMask or Rabby Wallet), and decentralized apps. Renzo operates on layer 2 networks, offering significant fee reductions compared to Ethereum’s layer 1. Steps to get started: 1. **Acquire ETH**: Purchase ETH from an exchange and withdraw it to your Arbitrum network ETH address. 2. **Restake ETH**: Visit (app.renzoprotocol.com/restake). Connect your wallet, select the Arbitrum network, and restake your ETH to receive ezETH. 3. **Track Balances**: Use a dashboard app like (debank.com/profile) to monitor your holdings. This is the beginning. Familiarize yourself with these processes to maximize yield from potential airdrops and asset appreciation. We’re looking at substantial gains on top of an appreciating asset. We are looking at a possible extra yield from airdrops which can be substantial (maybe 2-3x gains) on top of an asset that can go up 3 to 10x from here!
Long
by anandahaidarr
RENZO BULLISH MOMENTUM!Certainly! Here’s a more complex and concise version of your message: --- I want to highlight a significant development in the Ethereum ecosystem: the upcoming launch of the EigenLayer token. EigenLayer enables Ethereum stakers to rehypothecate their positions, using the same ETH collateral to secure other networks. The distribution of these tokens is based on participation in restaking, with the protocol gradually onboarding new networks. This opens opportunities for solutions targeting smaller investors who can’t run validator nodes (which require 32 ETH and specialized hardware) and prefer liquidity. Liquid restaked Ethereum tokens have emerged, with Renzo’s ezETH being a notable example. Renzo allows users to restake ETH and receive ezETH tokens, which can be used across DeFi applications for lending, collateralizing, or providing liquidity. Renzo’s governance token, REZ, has shown promising growth potential. Holding and staking REZ may yield future dividends and bonuses for farming subsequent airdrop seasons. Accumulating points through holding ezETH determines your share of future EIGEN and REZ distributions. EIGEN could mirror the success of Lido’s governance tokens, which saw substantial appreciation. With Ethereum potentially outperforming Bitcoin due to ETF flows, investing in farming EIGEN and REZ while riding ETH’s trend appears advantageous. To participate, you need familiarity with hardware wallets, browser extension wallets (like MetaMask or Rabby Wallet), and decentralized apps. Renzo operates on layer 2 networks, offering significant fee reductions compared to Ethereum’s layer 1. Steps to get started: 1. **Acquire ETH**: Purchase ETH from an exchange and withdraw it to your Arbitrum network ETH address. 2. **Restake ETH**: Visit (app.renzoprotocol.com). Connect your wallet, select the Arbitrum network, and restake your ETH to receive ezETH. 3. **Track Balances**: Use a dashboard app like (debank.com) to monitor your holdings. This is the beginning. Familiarize yourself with these processes to maximize yield from potential airdrops and asset appreciation. We’re looking at substantial gains on top of an appreciating asset. We are looking at a possible extra yield from airdrops which can be substantial (maybe 2-3x gains) on top of an asset that can go up 3 to 10x from here!
Long
by anandahaidarr
1