REZ 代币在币安上市后暴跌，给 Renzo 协议首次亮相蒙上阴影

在币安上线后，Renzo Protocol 的 REZ 代币暴跌 35%，损失了最初 2.89 亿美元的市值。价格下跌源于 Renzo 的流动性重新抵押代币 ezETH 因涉嫌空投分配错误而突然遭到抛售，这突显了流动性重新抵押的风险以及稳健的流动性结构的必要性。

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

Renzo Protocol 的 REZ 代币发行和币安上市因价格暴跌而黯然失色

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 代币备受期待地首次亮相并随后在币安交易所上市后，该代币的市值经历了急剧下跌，损失了超过初始价值的 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 以其流动性重新抵押功能而闻名，开始通过空投分配其原生 REZ 代币，初始市值为 2.89 亿美元。值得注意的是，该代币在发行的第一个小时内就创下了 7500 万美元的交易量。

Token Distribution and Allocation

代币分配与分配

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.

初始代币分配约 11.5 亿单位，其余 88.5 亿单位需延长归属期。根据具体的锁定和兑现时间表，分配分为不同的类别，包括 31% 分配给投资者，32% 指定给社区，20% 保留给协议的核心贡献者。

Bridge to EigenLayer and ezETH Token

连接 EigenLayer 和 ezETH 代币的桥梁

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 作为与 EigenLayer 交互的中介，为用户提供主动验证服务（AVS）。通过在平台上质押以太币（ETH），用户可以获得 ezETH 奖励，这是 Renzo 的流动性再质押代币，这有助于提高各种去中心化金融（DeFi）协议的收益率。

Initial Challenges and Price Slump

最初的挑战和价格暴跌

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 价格意外大幅下跌而受到影响，这对该协议的发展轨迹产生了不利影响。由于未来空投分配的明显差异，一波 ezETH 销售浪潮随之而来。这种不匹配有效地切断了 ezETH 和 ETH 之间的相关性，导致了大规模的清算。该事件凸显了与流动性重新抵押相关的固有风险，并强调了加密货币市场需要强大且有弹性的流动性机制。

REZ Performance on Binance

REZ 在币安上的表现

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 在币安的初始交易时段遇到了进一步的挑战。尽管人们热切期待其登陆平台，但该代币的价值在上市后不久就暴跌了近 50%。这一下降与空投的发布同时发生，空投将 REZ 最大供应量的 7% 分发给了超过 100,000 名符合条件的接收者。

Current Market Position

目前的市场地位

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 上提供的最新市场数据，Renzo (REZ) 的交易价格为 0.1657 美元，较初始交易价格大幅下跌。其市值也下降至约1.94亿美元，亏损近1亿美元。

Resilience and Long-Term Prospects

韧性和长期前景

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.

据 DefiLlama 称，尽管最初遇到了这些挫折，Renzo Protocol 仍然是流动性重新抵押领域的重要参与者，锁定的总价值 (TVL) 超过 33 亿美元。该协议能否应对这些挑战并重拾投资者信心，对其在竞争激烈的 DeFi 市场中取得长期成功和稳定至关重要。