REZ 代幣在幣安上市後暴跌，給 Renzo 協議首次亮相蒙上陰影

在幣安上線後，Renzo Protocol 的 REZ 代幣暴跌 35%，損失了最初 2.89 億美元的市值。價格下跌源於 Renzo 的流動性重新抵押代幣 ezETH 因涉嫌空投分配錯誤而突然遭到拋售，這突顯了流動性重新抵押的風險以及穩健的流動性結構的必要性。

Renzo Protocol's REZ Token Launch and Binance Listing Overshadowed by Price Plunge

Renzo Protocol 的 REZ 代幣發行和幣安上市因價格暴跌而黯然失色

Following the highly anticipated debut of Renzo Protocol's REZ token and its subsequent listing on the Binance exchange, the token's market value experienced a precipitous decline, losing over 35% of its initial worth.

在 Renzo Protocol 的 REZ 代幣備受期待地首次亮相並隨後在幣安交易所上市後，該代幣的市值經歷了急劇下跌，損失了超過初始價值的 35%。

Initial Surge and Market Capitalization

初始激增和市值

Renzo Protocol, renowned for its liquid restaking functionality, commenced the distribution of its native REZ token via an airdrop, with an initial market capitalization of $289 million. Notably, the token recorded an impressive trading volume of $75 million within its first hour of distribution.

Renzo Protocol 以其流動性重新抵押功能而聞名，開始透過空投分配其原生 REZ 代幣，初始市值為 2.89 億美元。值得注意的是，該代幣在發行的第一個小時內就創下了 7,500 萬美元的交易量。

Token Distribution and Allocation

代幣分配與分配

The initial token distribution comprised approximately 1.15 billion units, with the remaining 8.85 billion subject to an extended vesting period. The distribution was structured into various categories, including 31% allocated to investors, 32% designated for the community, and 20% reserved for the protocol's core contributors, pursuant to specific lock-up and vesting schedules.

初始代幣分配約 11.5 億單位，其餘 88.5 億單位需延長歸屬期。根據具體的鎖定和兌現時間表，分配分為不同的類別，包括 31% 分配給投資者，32% 指定給社區，20% 保留給協議的核心貢獻者。

Bridge to EigenLayer and ezETH Token

連接 EigenLayer 和 ezETH 代幣的橋樑

Renzo Protocol serves as an intermediary for interactions with EigenLayer, providing Active Validation Services (AVS) to users. By staking Ether (ETH) on the platform, users are rewarded with ezETH, Renzo's liquid restaking token, which facilitates higher yields across various decentralized finance (DeFi) protocols.

Renzo Protocol 作為與 EigenLayer 互動的中介，為使用者提供主動驗證服務（AVS）。透過在平台上質押以太幣（ETH），用戶可以獲得 ezETH 獎勵，這是 Renzo 的流動性再質押代幣，這有助於提高各種去中心化金融（DeFi）協議的收益率。

Initial Challenges and Price Slump

最初的挑戰和價格暴跌

However, the launch of REZ was marred by an unexpected and sharp decline in the price of ezETH, which adversely affected the protocol's trajectory. A wave of ezETH sales ensued, driven by perceived discrepancies in future airdrop allocations. This mismatch effectively severed the correlation between ezETH and ETH, resulting in extensive liquidations. The incident underscored the inherent risks associated with liquid restaking and highlighted the need for robust and resilient liquidity mechanisms in the cryptocurrency market.

然而，REZ 的推出因 ezETH 價格意外大幅下跌而受到影響，這對該協議的發展軌跡產生了不利影響。由於未來空投分配的明顯差異，一波 ezETH 銷售浪潮隨之而來。這種不匹配有效地切斷了 ezETH 和 ETH 之間的相關性，導致了大規模的清算。該事件凸顯了與流動性重新抵押相關的固有風險，並強調了加密貨幣市場需要強大且有彈性的流動性機制。

REZ Performance on Binance

REZ 在幣安的表現

REZ encountered further challenges during its initial trading session on Binance. Despite its eagerly awaited arrival on the platform, the token's value plummeted by nearly 50% shortly after listing. This decline coincided with the release of an airdrop, which distributed 7% of the maximum REZ supply to over 100,000 eligible recipients.

REZ 在幣安的初始交易時段遇到了進一步的挑戰。儘管人們熱切期待其登陸平台，但該代幣的價值在上市後不久就暴跌了近 50%。這一下降與空投的發布同時發生，空投將 REZ 最大供應量的 7% 分發給了超過 100,000 名符合條件的接收者。

Current Market Position

目前的市場地位

As of the latest market data available on Coinmarketcap, Renzo (REZ) is trading at $0.1657, reflecting a significant decrease from its initial trading price. Its market capitalization has also declined to approximately $194 million, representing a loss of nearly $100 million.

截至 Coinmarketcap 上提供的最新市場數據，Renzo (REZ) 的交易價格為 0.1657 美元，較初始交易價格大幅下跌。其市值也下降至約1.94億美元，虧損近1億美元。

Resilience and Long-Term Prospects

韌性和長期前景

Despite these initial setbacks, Renzo Protocol remains a prominent player in the liquid restaking space, with a total value locked (TVL) exceeding $3.3 billion, according to DefiLlama. The protocol's ability to weather these challenges and regain investor confidence will be crucial to its long-term success and stability in the competitive DeFi market.

據 DefiLlama 稱，儘管最初遇到了這些挫折，Renzo Protocol 仍然是流動性重新抵押領域的重要參與者，鎖定的總價值 (TVL) 超過 33 億美元。該協議能否應對這些挑戰並重拾投資者信心，對其在競爭激烈的 DeFi 市場中取得長期成功和穩定至關重要。