Renzo increases airdrop allocation slightly after community outrage and temporary ezETH depeg | Headlines | News | CoinMarketCap

04/25/2024 16:17
Renzo increases airdrop allocation slightly after community outrage and temporary ezETH depeg | Headlines | News | CoinMarketCap

Liquid restaking platform Renzo has now adjusted its airdrop details, raising the allocation in the first season from 5% of its tokens to 7%. This …

Liquid restaking platform Renzo has now adjusted its airdrop details, raising the allocation in the first season from 5% of its tokens to 7%. This change came in response to dissatisfaction from its users about the tokenomics details.

7% of the tokens will be distributed in the first phase — going live at the end of the month — and 5% in the subsequent phase. A total of 12% of the 10 billion supply is allocated to the user airdrops, Renzo noted.

The claim date for the first airdrop has been rescheduled to April 30 — strategically set an hour before the protocol’s listing on the Binance exchange — a shift from the previously outlined schedule.

Under the new criteria, participants with at least 360 Renzo points are eligible for the airdrop, which they can claim at the token generation …

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