Renzo

Renzo is a prominent liquid restaking protocol that simplifies participation in restaking by issuing ezETH, a liquid token representing restaked ETH and the accrued yields from multiple AVS. Renzo abstracts the complexity of selecting individual Actively Validated Services and managing exposure across them, handling strategy selection internally. Users deposit ETH and receive ezETH in return, which can be traded or used in DeFi applications while remaining productive through restaking. Renzo competes directly with Ether.fi as one of the leading entry points for users seeking restaking yields without technical overhead, maintaining billions in total value locked and offering exposure to a diversified portfolio of AVS yields. Example: A user stakes 32 ETH with Renzo and receives ezETH, which automatically earns Ethereum staking rewards plus yields from Renzo's strategic restaking allocation to multiple EigenLayer AVS and other services. Why it matters for DeFi: Renzo makes restaking yields accessible within the broader DeFi ecosystem by providing a liquid, composable token. ezETH enables users to simultaneously earn staking rewards and use their capital in lending, trading, and other DeFi protocols.

Category: defi, mining staking

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