Renzo
Staking · Liquid Restaking · ezETH
Renzo issues ezETH, a liquid restaking token that abstracts EigenLayer operator and AVS selection so users get diversified restaking exposure from a single deposit.
EigenLayer strategy manager and LRT issuer.
ezETH price
$0.0031
+2.2% 24h
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (3)
ezETH
Renzo's flagship liquid restaking token (LRT). Users deposit ETH or accepted LSTs (e.g. stETH) and mint ezETH, which represents their EigenLayer-restaked position. It is a reward-bearing token (value accrues relative to the underlying rather than rebasing) that stays liquid and composable across DeFi. Native minting is supported on Ethereum, Arbitrum and Base.
REZ (governance token)
Renzo's governance token, launched via Binance Launchpool as the 53rd project. Farming ran from April 24, 2024; token trading began April 30, 2024. Used for protocol governance and airdrop-based distribution to early users.
EigenLayer strategy manager / AVS layer
Renzo operates as an EigenLayer strategy manager, abstracting the complexity of selecting node operators and Actively Validated Services (AVSs). It routes restaked ETH to secure AVSs and manages operator delegation on behalf of ezETH holders.
Differentiator
Acts as a strategy manager on top of EigenLayer — handling operator/AVS selection and reward optimization for ezETH holders.
Organizational structure
Units & roles
- Core development and protocol operations
Renzo Protocol team
The core team builds and maintains the Renzo smart contracts, EigenLayer integration and multi-chain deployments. REZ token governance is intended to progressively decentralize decision-making over protocol parameters and operator selection.
Investment rounds
Similarity to traditional finance products
How Renzo maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to Renzo | Key differences |
|---|---|---|
| Money-market fund / yield-bearing deposit receipt | ezETH functions like a transferable, yield-accruing receipt: you deposit a base asset (ETH) and hold a token whose value grows as underlying rewards accrue, while remaining freely transferable and usable as collateral. | Yield is generated by securing decentralized services (Ethereum staking plus EigenLayer AVS restaking) rather than short-term debt instruments; there is no principal guarantee, redemption can be subject to withdrawal queues and slashing, and the token can depeg from its net asset value on secondary markets, as seen in April 2024. |