Renzo airdrop distribution caused dissatisfaction in the community, and ezETH suffered a serious depegging

Author: Followin

On April 24, Renzo, a popular liquidity re-staking project, officially announced the details ofTokenThe allocation rules, however, lead toCommunityMany people are dissatisfied. Renzo's ETH deposit certificateToken The price of ezETH once plunged and was seriously decoupled, falling to a low of around US$1,600.

Sell ezETH in advance and your points will be reset to zero

According to the official rules, Renzo Season 1 incentives will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for the airdrop. Users can claim REZ on May 2 through the official claim website.

Large investors lock up 50%, which is good for retail investors

It is worth noting that large depositors on Renzo may be the most affected. The official said that it will be based on the user’s accumulated ezPoinXiaobai Navigationts 线性分发 5 亿枚 REZ（占总量 5%），排名前 5%的地址将有 50%的Token在 TGE 时立即解锁，剩余部分在 6 个月内线性释放。此举虽然得罪了大户，不过对小散有利，毕竟少了大户的疯狂砸盘，抛压会低很多。

Only 5% were allocated, and deposit users said they were "let down"

The most controversial part of Renzo’s token distribution is undoubtedly the proportion of tokens allocated to users who deposit into the protocol.

The official distribution map is as follows:

But it might actually be like this:

More intuitively, this:

Crypto KOL @0xCaptainLeviThe Renzo protocol airdrop is a joke. Their entire business is built on depositors, but they only give customers 5%, half of which is locked, so the actual airdrop is only 2.5%. It is absolutely clear that in the past 6 months, 250,000 users who deposited $3.5 billion worth of ETH with Renzo ended up with only 2.5% in the airdrop, which is 0.5 times the amount allocated to them.BinanceThe number of new coins mined is the same, while the team and investment receive 65% tokens. And those who sell ezETH (Renzo deposit certificate token, with a 1:1 exchange rate with ETH) in advance will not receive airdrops. Users take the risk of depositing funds into your agreement.CommunityBut no appropriate reward was given.

也许上述观点并非完全中肯，不过社区的不满情绪确实存在。再加上 ezETH 代币在 Uniswap 上的流动性池子深度较低，ezETH 价格刚刚出现大幅脱锚，一度出现插针，跌幅高达50%，大约1600 美元。

Is the loss of anchor a good opportunity to pick up bargains?

The time of the significant unpegging was very short, but many people took this opportunity to successfully buy the bottom. According to the monitoring of on-chain analyst @ai_9684xtpa, a whale used 2,400 ETH to buy 2,499 ezETH during the unpegging period of ezETH, worth 6.98 million US dollars, and made a net profit of 99 ETH.

Many people also posted their own results of finding bargains.

The window of opportunity is short and only reserved for those who are prepared. As of press time, the ezETH anchoring situation has improved significantly and is almost back to anchoring.

The article comes from the Internet:Renzo airdrop distribution caused dissatisfaction in the community, and ezETH suffered a serious depegging

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