EZETH
Renzo Restaked ETH
$2,290.01
0.23%
Renzo Restaked ETH
EZETH
$2,290.01
0.23%
Renzo Restaked ETH Price Converter
Renzo Restaked ETH Information
Renzo Restaked ETH Markets
About Renzo Restaked ETH
Renzo Restaked ETH (EZETH) is a liquid restaking token from the Renzo Protocol, representing restaked ETH positions within the EigenLayer ecosystem. It accrues auto-compounded rewards from staking and restaking activities and is integrated across multiple DeFi platforms and Layer 2 networks.
Renzo Restaked ETH (EZETH) is a liquid restaking token issued by the Renzo Protocol. It represents a user's restaked position within the EigenLayer ecosystem. Users can deposit native ETH or liquid staking tokens (LSTs) such as stETH into Renzo and receive EZETH in return. EZETH accrues rewards from both Ethereum staking and restaking activities, with its value increasing over time as rewards are automatically compounded.
EZETH serves as a liquid representation of a user's restaked ETH position, allowing for flexibility and utility within the decentralized finance (DeFi) ecosystem. Key uses include:
Earning Rewards: EZETH holders earn staking and restaking rewards, which are automatically compounded into the token's value.
DeFi Integration: EZETH can be utilized in various DeFi applications for activities such as lending, borrowing, and liquidity provision.
Cross-Chain Restaking: Renzo supports restaking across multiple Layer 2 networks, including Arbitrum, Base, and Linea, enhancing the utility of EZETH across different blockchain environments.
The Renzo Protocol, which issues EZETH, was founded in 2023 by Kratik Lodha and Lucas Kozinski. The protocol launched its mainnet on October 30, 2023, and has since integrated with the EigenLayer ecosystem to facilitate ETH restaking.
