What is Renzo Protocol?
Renzo Protocol is a liquid restaking platform built on EigenLayer, designed to make Ethereum restaking accessible and efficient for all users. It offers a range of features that allow users to maximize their staking and restaking rewards through automated strategies and liquid staking tokens. Renzo supports both native ETH and Liquid Staking Token (LST) deposits, with tokens like stETH and wBETH making up a significant portion of the platform's total value locked (TVL).
Renzo operates as a decentralized portfolio manager that handles the complexities of node operation, strategy management, and smart contract interfacing. Users can deposit their ETH or LSTs into Renzo, which then mints equivalent ezETH tokens. These tokens can be used to secure Actively Validated Services (AVSs) within the EigenLayer ecosystem, offering higher yields compared to standard ETH staking.
The platform integrates with multiple DeFi projects and supports native restaking on several networks, including Ethereum, Arbitrum, Base, BNB Smart Chain, and more. Renzo emphasizes security and transparency, using institutional-grade node operators and undergoing regular audits by top-tier security firms. Additionally, the platform is open-sourced to foster innovation and trust within the community.
Renzo Protocol is governed by its community through the $REZ token, allowing token holders to participate in protocol decisions and shape the future direction of the platform. This governance model ensures that the community has a significant role in maintaining and improving the protocol.