Coinbase stated that updates regarding listed assets will be shared in the “Roadmap” section and announced through its official Twitter account. However, transfers and trading for these assets will not be supported until an official listing announcement is made.

Assets Approved for Listing

The newly approved assets for listing on Coinbase are as follows:

Assets on the Ethereum Blockchain (ERC-20 Tokens)

• QCAD (QCAD) – Contract address: 0x4a16baf414b8e637ed12019fad5dd705735db2e0
• Morpho (MORPHO) – Contract address: 0x58D97B57BB95320F9a05dC918Aef65434969c2B2
• Renzo (REZ) – Contract address: 0x3b50805453023a91a8bf641e279401a0b23fa6f9

Assets on the Bittensor Blockchain

• Bittensor (TAO)

Assets on the Base Network

• Morpho (MORPHO) – Contract address: 0xBAa5CC21fd487B8Fcc2F632f3F4E8D37262a0842
• tokenbot (CLANKER) – Contract address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb
• Cookie DAO (COOKIE) – Contract address: 0xc0041ef357b183448b235a8ea73ce4e4ec8c265f

Coinbase stated that some assets might carry the “Experimental” label, but this would not impact their listing process.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

How Does Coinbase Decide Which Assets to List?

Coinbase considers legal, compliance, and technical security standards when listing assets. Factors such as market cap or popularity do not directly influence the decision. If a popular asset has not yet been listed, the reasons could include:

• It does not meet the minimum listing standards
• There is insufficient information about the asset
• Technical integration work is required

Coinbase emphasized its commitment to providing users with the widest range of assets by continuing to support networks such as Ethereum ERC-20, Solana SPL, and Avalanche ARC20.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Added 6 New Coins to the Roadmap! appeared first on Coin Engineer.

What is Renzo (REZ)?

Founders of the Renzo Project

REZ Coin Statistics

How Does Renzo Work?

What is EigenLayer?

What are AVS?

Renzo’s Liquid Restaking Token: ezETH

What Makes the Renzo Project Unique?

REZ Coin Overview and Future Prospects

The post What is Renzo (REZ)? appeared first on Coin Engineer.

What is Renzo?

Renzo is a cross-chain liquid staking protocol built on the EigenLayer blockchain. It allows users to stake various assets like ETH and other liquid staking tokens (LSTs) across popular platforms including Ethereum, Arbitrum, and BNB Chain. Users who stake their assets on Renzo are rewarded with ezETH, which can further generate ezPoint rewards for potential future airdrops and restaking opportunities.

By optimizing capital utilization, Renzo empowers users to maximize their return on investment (ROI). Currently, Renzo ranks as the third-largest project in the Liquid Staking segment based on Total Value Locked (TVL), highlighting its growing popularity and user trust.

How Does Renzo Work?

Built on the innovative EigenLayer blockchain, Renzo functions as a Liquid Derivatives platform. It acts as a critical interface for the entire EigenLayer ecosystem by ensuring Actively Validated Services (AVS). This unique approach enables Renzo to offer significantly higher returns compared to traditional ETH staking methods.

To maintain balance, Renzo mints an equivalent amount of ezETH for every deposited LST or ETH. Designed specifically for Ethereum restaking, a previously underserved market area, Renzo leverages smart contracts and operational nodes for the effective implementation of restaking strategies. It also functions as an on-ramp and off-ramp for users entering and exiting the staking process.

The withdrawal process is influenced by restaking strategies and EigenLayer’s requirements, with a minimum duration of 7 days and variations depending on the chosen AVS. Importantly, Renzo guarantees users receive the total rewards generated by EigenLayer. User-paid fees contribute to the protocol treasury and compensate Renzo node operators.

In essence, Renzo not only provides an accessible entry point for users to explore Ethereum restaking, but also offers a clear exit strategy. This dual functionality positions Renzo as a valuable tool for anyone interested in maximizing their returns through Ethereum restaking.

Renzo ezPoints

Since the official Beta launch of Renzo on December 18, 2023, users holding ezETH in their wallets automatically earn 1 Renzo ezPoint per hour per ezETH held. Renzo also runs ezPoints promotions, such as offering an additional 200 ezPoints for every 1 ETH deposited within a specific timeframe.

However, Renzo strictly prohibits users from exploiting the system by repeatedly buying and selling ezETH to earn multiple rewards. Any user caught engaging in such activities will be excluded from the ezPoints program.

Here’s a breakdown of how users can earn ezPoints:

Holding ezETH: Users automatically earn 1 ezPoint per hour per ezETH held.

Providing Liquidity: Liquidity providers on DEX pools earn double the ezPoints (2x).

Referral Program: Users can earn 10% of the ezPoints generated by users they refer who join and deposit ETH into Renzo.

The system’s points accumulation feature incentivizes user activity and participation. This includes holding ezETH, providing liquidity on DEX pools, and referring new users to the Renzo platform.

The post What is Renzo? How Does Renzo Work? appeared first on Coin Engineer.

A disclaimer on the site now states that “Binance Labs is an independent venture and not part of the Binance Group nor is it involved in any of the businesses operated by the Binance Group (including but not limited to the Binance cryptocurrency exchange).”

The change seems to have occurred sometime between Feb. 19 and Feb. 24, as per the Internet Archive.

Bloomberg first reported on Friday that the newly independent entity quietly cut ties with the broader Binance Group earlier this year, citing a spokesperson for the former unit. Binance Labs staff contracts are now separate from employees of the crypto exchange, similar to the structure of the Binance-backed BNB Chain project, the spokesperson added, but little will change operationally.

Binance has faced increased scrutiny since agreeing to pay more than $4 billion in fines to U.S. agencies in November — one of the largest corporate settlements in U.S. history.

Following this, Binance’s co-founder and former CEO Changpeng Zhao stepped down from his position, having pleaded guilty to willfully violating the Bank Secrecy Act and is currently awaiting sentencing in the U.S.

Richard Teng, Binance’s former Global Head of Regional Markets, took over as CEO in the same month, with the spin-off being one of the significant changes under his tenure so far.

Binance Labs, led by fellow Binance co-founder Yi He, has invested in over 200 crypto projects since 2018, including Aptos Labs, LayerZero, Polygon, and The Sandbox, primarily funded by the crypto exchange’s profits — with its total assets valued at over $10 billion.

Last week, Binance Labs’ incubation season 6 concluded, with investments made in seven startups, including synthetic dollar protocol developer Ethena Labs and zkSync-based decentralized derivatives exchange Derivio. Its season 7 program is set to launch soon.

Binance Labs has recently increased its investment activity, backing Bitcoin staking protocol Babylon and Ethereum restaking protocols Renzo and Puffer Finance this year.

Last year, Binance Labs accepted its first external capital when it closed a $500 million fund. However, it later started sending undeployed capital back to Limited Partners over the summer.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Labs Spun Off as Independent Venture Capital Entity appeared first on Coin Engineer.

Key Takeaways:

• Binance Labs invested an undisclosed amount in Renzo, mirroring the structure of its previous seed round.
• Renzo is the fourth-largest liquid restaking protocol with over $375 million locked, trailing only Puffer Finance among EigenLayer-based protocols.
• The investment highlights the growing importance of liquid restaking in unlocking liquidity and maximizing capital efficiency within Ethereum.
• Renzo plans to leverage its new funding to launch native ETH restaking on BNB Chain via Connext, offering BNB Chain users direct access to ezETH (Renzo’s liquid staking token) and rewards.

Binance Labs Continues to Back Ethereum Liquid Restaking (Renzo)

Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in Renzo, an Ethereum liquid restaking protocol built on EigenLayer. This investment comes shortly after the firm’s support for Puffer Finance, another player in the increasingly competitive liquid restaking space on Ethereum.

The exact amount invested in Renzo remains undisclosed, but its structure mirrors the previous seed round, offering equity alongside a 1:1 token warrant. With over $375 million locked in its protocol, Renzo currently occupies the fourth position among liquid restaking protocols, behind only Puffer Finance among EigenLayer-based solutions.

Unlocking Liquidity and Maximizing Capital Efficiency

Liquid restaking protocols like Renzo are gaining significant traction within the Ethereum ecosystem, attracting billions of dollars in investments. This trend largely stems from their ability to unlock liquidity and maximize capital efficiency for users. By allowing users to participate in staking while retaining liquidity through tradable tokens, these protocols offer attractive benefits over traditional staking methods.

Yi He, co-founder of Binance and head of Binance Labs, emphasized this point in a statement, highlighting the critical role liquid restaking plays in “unlocking liquidity and maximizing capital efficiency, while also abstracting technical complexities for users.”

Renzo ‘s Plans for the Future (Binance Labs)

With fresh capital from Binance Labs, Renzo is gearing up for further expansion. The protocol plans to launch native ETH restaking on BNB Chain through a recent partnership with Connext, a cross-chain protocol. This integration will enable BNB Chain users to directly restake ETH for ezETH (Renzo’s liquid staking token) without needing to bridge assets and gain rewards in both EigenLayer points and Renzo’s ezpoints (non-tradable loyalty points).

Beyond wBETH (Binance’s liquid staking token) deposits already accepted for restaking, Renzo plans to continue building new integrations specifically targeting BNB Chain users. Additionally, the protocol accepts Lido’s stETH for restaking alongside native ETH.

Currently operating in a mainnet beta, Renzo anticipates a full mainnet launch after EigenLayer’s Stage 3 goes live. The project counts Maven11, Figment Capital, SevenX Ventures, IOSG Ventures, and OKX Ventures among its other investors.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post Binance Labs Invests in Ethereum Liquid Restaking Protocol Renzo appeared first on Coin Engineer.

The company announced on Monday that Maven11 Capital led the round with participation from Figment Capital, SevenX Ventures, IOSG Ventures, and several other investors.

You might like: Is Wall Street’s Entry Into Bitcoin Risky?

In addition, the company’s co-founder Lucas Kozinski said in a statement that the venture was founded in August, began raising funds in November, and completed the round in December.

Kozinski added that this was a stock round with a 1:1 token warrant round, which brings Renzo’s post-money valuation to $25 million.

What is Renzo?

The Renzo protocol is currently helping users re-stake Ethereum (ETH) through EigenLayer as part of its beta mainnet release last month. The protocol also plans to support liquid staking tokens (LSTs) in future versions.

To start using the protocol, users need to deposit ETH and optionally LSTs, and they will receive ezETH, which is Renzo’s liquid re-staking token (LRT). This token can then be used in DeFi applications to earn additional yield on top of ETH staking rewards.

Kozinski said, “Renzo is a third-generation protocol that can accept both native ETH and LSTs.” He characterized Stader Labs-like protocols as first-generation, supporting only liquid staking, and protocols like Ether.fi as second-generation, supporting only ETH re-staking.

Kozinski said, “Renzo is the first liquid re-staking protocol designed to accept both ETH and LSTs.”

The post Renzo (Ethereum Re-Staking) Raises $3.2 Million Seed Round! appeared first on Coin Engineer.