pzETH is the Liquid Restaking Token (LRT) issued by Renzo Protocol, representing user deposits of ETH or Ethereum-based liquid staking tokens restaked within the Symbiotic ecosystem. It allows holders to earn both staking and restaking rewards through an auto-compounding mechanism while maintaining liquidity for use in DeFi protocols. Users can mint pzETH by depositing ETH, stETH, wstETH, or wETH and can redeem it for the underlying assets.
pzETH is a Liquid Restaking Token (LRT) developed by Renzo Protocol. It enables holders to restake underlying assets—such as ETH, stETH, wstETH, or wETH—within the Symbiotic ecosystem while receiving a tradable representation (pzETH) in return.
Liquid restaking: Users deposit supported assets and mint pzETH, which represents restaked positions and earns both staking and restaking rewards.
Auto-compounding: Rewards earned through staking are automatically compounded, increasing the value of pzETH relative to its underlying collateral
DeFi integration: pzETH can be used in decentralized finance—lending, borrowing, liquidity provision—while maintaining restaking benefits and earning protocol-specific ezPoints
Simplified restaking: Renzo’s protocol manages validator operations and staking infrastructure, enabling users to participate without technical overhead
The token is issued by Renzo Protocol, which operates within the broader Symbiotic restaking ecosystem. Renzo coordinates node operators and collateral management to secure services, including rollups, oracles, and interoperability infrastructure