Renzo
Renzo is a liquid restaking protocol that generates yield through its ezETH token.
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
- Website
- Tags: Staking
- TVL: $384.2M (Rank #47)
- TVL Ranking by Staking: #0
- Blockchain: EthereumArbitrumLineaSolanaMonadZircuitModeBaseOptimismBlastBinanceFraxtalSei
- Chain TVL
- Ethereum: $229.89M
- Arbitrum: $86.98M
- Linea: $50.78M
- Solana: $6.85M
- Monad: $3.06M
- Others: $6.65M
- Code reviewed by several experienced auditors; HalbornSigma Primeand code4rena
- Public team promotes accountability
- No documented protocol hacks since launch
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 1% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of at least 4 signerswhich means the protocol is less susceptible to centralization risks
- Timelock is at least 48hrswhich provides users with sufficient time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
- No death spiral concerns
- This protocol is susceptible to risks related to staking a token to secure a networksuch as slashing events
What is Renzo
Renzo is a liquid restaking protocol that simplifies participation in EigenLayerSymbioticand Jito restaking ecosystems. It enables users to deposit ETH or liquid staking tokens (LSTs) to mint ezETHpzETHor ezSOL—reward-bearing tokens that automatically accrue staking and restaking rewards. Renzo abstracts the complexity of securing Actively Validated Services (AVSs)dynamically managing risk-reward strategies without requiring user intervention. By utilizing Renzostakers can earn enhanced yields while maintaining liquiditymaking restaking more accessible to a broader audience.
How Renzo makes money
Renzo does not currently take a cut from restaking rewardspassing 100% of EigenLayerSymbioticand Jito rewards to stakers. Howeverthe protocol charges staking feeswhich are allocated between the Renzo treasury and its node operators. Over timegovernance may introduce additional monetization mechanismsincluding potential fees on future withdrawals or reward allocations.
How you make money on Renzo
Users can earn staking and restaking rewards by depositing ETH or LSTs to mint ezETHpzETHor ezSOL. These tokens automatically accumulate yieldoffering a liquid alternative to direct staking. AdditionallyezETHpzETHand ezSOL can be deployed in various DeFi protocols to compound earnings further. While withdrawals for ezETH are currently unavailableusers can trade their LRTs on supported secondary markets to access liquidity.
