The Renzo team has announced updates to the REZ token airdrop conditions, responding to feedback from the community. Here are the key changes you need to know:

– Initial distribution volume increased from 5% to 7%
– Branding date postponed to April 30
– Snapshot date for claiming tokens set for April 24
– REZ share for the community increased to 32%
– Minimum threshold for participation set at 360 points
– Addresses with over 500,000 points will receive 50% of TGE drop

The Renzo protocol team has faced criticism in the past for the allocation of REZ supply, with developers and large investors holding 65% of the tokens. Despite attempts to misrepresent the asset allocation, the project continues to move forward.

On April 24, the LRT token of the Renzo protocol, ezETH, experienced a depeg from Ethereum, with its ratio to the underlying asset falling to 1 to 0.5.

Renzo has secured a spot as the 53rd project in the Binance Launchpool, with trading of the REZ token set to begin on April 30. This presents new opportunities for the cryptocurrency community to explore restaking and yield farming options.

Stay informed with Global Crypto News for more updates on the evolving cryptocurrency landscape.

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