what's renzo protocol?
Renzo Protocol is a liquid restaking platform built on Ethereum, primarily leveraging EigenLayer to enable users to restake their staked ETH and earn enhanced yields through liquid restaking tokens like ezETH and pzETH. Its purpose is to simplify the restaking process, making it accessible for both retail and institutional users by automating rewards, providing liquidity, and integrating with multiple DeFi ecosystems across chains like Solana and various L2s. Key features include native restaking on platforms such as Base and Mode Network, points programs for ezPoints and EigenLayer incentives, and recent expansions like the Symbiotic integration via pzETH, which offers triple yield streams from ETH staking, Symbiotic points, and protocol rewards. The protocol has announced a buyback and burn program for its REZ token, aiming to repurchase and burn 10% of the total supply over six months using protocol revenue to enhance token value. Renzo positions itself as a leader in the restaking space, securing multiple AVSs and benefiting from market catalysts like potential ETH ETF staking integrations, alongside competitors like ETHFI and LDO. Institutional adoption is gaining traction, highlighted by positive feedback from Seoul meetings with hedge funds, exchanges, and builders, amid upcoming token unlocks.
Renzo Protocol increased ezETH withdrawal buffer in H2 2025 for risk management after exit queue activity.
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ethereum
solana
base
Increased the ezETH withdrawal buffer significantly during H2 2025 as a risk management measure following heightened exit queue activity.
Curvance platform increases incentives with yields at 43.77% for AUSD deposits, 34.08% for WMON deposits, and 41.25% for wETH borrowing on the ezETH market. ezETH-WETH liquidity pair on CamelotDEX outperformed holding both assets by 1.5% last month.
Launches exclusive ezETH | wETH market on Curvance platform and deploys ETH restaking on Monad blockchain, with dual $MON and $REZ incentives available for depositors and borrowers.
Launches Renzo Reserve institutional vault with USCC fund ($600m AUM) as the first integrated strategy, delivering yield from BTC/ETH/SOL/XRP basis.
Collaboration with Superstate Inc progresses, bridging traditional finance and decentralized finance.
Q4 2025 metrics show $805.2M TVL with 2.69% APY, $439,014 in revenue, and $1.43M net income for token holders while supporting buyback-and-burn mechanisms.
$25M worth of ezETH lost in a previous copy-paste error incident has been recovered after being considered permanently lost.
Smart money exits $REZ positions with $88k in outflows during the past 24 hours.
A token burn event is scheduled for December 5, burning 90% of November's $REZ purchases.
SevenXVentures receives 83.57M $REZ (~$514.67K) from the Investor Distribution contract, marking the largest recent distribution, with other recipients including Wintermute, Aura Finance, and addresses linked to Irene Zhao.
The protocol goes live on Monad, enabling ezETH transfers from 10+ chains through Hyperlane bridge.
Buyback program burns 7 ETH / $30k of $REZ in 12 hours, bringing cumulative buybacks to nearly $2m since October 8th.
Protocol team fixes Pectra upgrade bug with 7-day timelock required; ~5 ETH plus additional revenue scheduled for $REZ buybacks in coming days.
The community establishes a 90% burn and 10% redistribution structure for token buybacks.
Renzo Protocol becomes the sole LRT (Liquid Restaking Token) on Monad blockchain with collaboration between Renzo, Curvance, and Monad.
Buyback and burn program burns 1.14% of total $REZ supply and buys back $1.7m (5.15% of market cap) using 100% of protocol revenue, with $100k auto-compounded for stakers.
Protocol confirms it is unaffected by Balancer v2 exploit, though approximately 720 ezETH in user liquidity is exposed, with security and engineering teams actively monitoring the situation.
Partnership announced to bring BTC onto EigenCloud platform, enabling verifiable yield and new builder capabilities.
$RZETH experiences 156% week-over-week increase in whale transactions ($100K or more), ranking 7th among $500M+ market cap projects for highest whale activity growth.
$REZ burn vote ends on October 31st.
Protocol deploys on Monad's public mainnet alongside Uniswap, PancakeSwap, Balancer, Euler Finance, and other major DeFi protocols, with full interoperability infrastructure live.
RP-6 (A) governance proposal passes with overwhelming support, authorizing buybacks of up to 10% of $REZ supply using protocol revenue.
EtherFi cold emails Renzo Protocol founders for recruitment purposes, behavior compared to previous actions by competitor KelpDAO.
Arbitrum DRIP launches ezETH vault that automatically farms ARB and Concrete points for depositors, features 7-day withdrawal period.
$1.6M in $REZ tokens bought back in less than a week since governance proposal went live. Team finalizes new suite of institutional-grade vaults featuring self-custody, predetermined yield strategies, web2 UX with privacy and reporting, and BTC yields.
REZ perpetual futures gain 19.9% in 24 hours on Kraken Pro, ranking as the second-highest mover on the platform.
Renzoprotocol proposal to initiate a token buyback program receives support from institutional holder Figment Capital, who states the token is undervalued at current prices based on balance sheet analysis and protocol revenue generation.
$EZETH ranks among coins with highest percentage increases in large transfers over $100K as whale activity intensifies.
pzETH is listed as one of the top assets bridged on Swellchain alongside weETH and rswETH. Swellchain reports $174M TVL, 14,123 unique bridgers, and $20.1M in Swell assets bridged.
Announces buyback and burn program for tokens.
Integration with Symbiotic announced through an Ecosystem Spotlight, with PzETH providing holders triple yield opportunities including native ETH staking, Symbiotic Points, and protocol network rewards.
REZ positioned alongside ETHFI and LDO as potential beneficiary of ETH ETF staking developments, representing a new market catalyst for liquid staking/restaking protocols.
REZ token faces a major one-time unlock exceeding $5 million within the next 7 days, part of over $773 million in total crypto unlocks scheduled across multiple projects.
US-based operations and institutional adoption focus receive positive reception during Seoul meetings with hedge funds, exchanges, researchers and builders.
Sponsors BTCON Seoul conference alongside major Korean exchanges Upbit, Bithumb, and Coinone.
Activity spikes on Linea with 2.6k UAW and $252k+ volume through iZUMi Finance, fueled by the ezETH/ETH pool as LINEA airdrop checker goes live.
Protocol achieves $300M TVL on Linea with highest ETH yields at 3.16% (30-day average), while new products in testing generate $15K daily revenue and multiple DATs seek ETH deployment partnerships.
Protocol reaches leading position on Linea blockchain via Aave integration, approaching $200M in TVL.
New DeFi campaign launches on Arbitrum with 80M ARB in incentives, featuring integrations with major protocols including Aave, Fluid, and SiloFinance, alongside multiple LST assets.
Strategic partnership with SharpLink Consortium brings ETH treasury deployment to Linea chain for yield generation.
$4M token unlock scheduled for September
ETH Strategy integrates liquid restaking operations for treasury yield management.
Protocol expands into unsecured lending through Cap integration, using restaking as default protection for $cUSD stablecoin.
Expanding into healthcare sector with onchain insurance product powered by restaking and reinsurance bonds, in partnership with Opolis and Eigen Foundation.
New 40 Act compliant investment products launch targeting institutional investors with optimized tax treatment and ETH yield features.
New staking program offers 6.5% APR with automatic LAYER, ACE, and DYM airdrops.
New ezSKATE Flow vaults launch in partnership with Concrete XYZ, enabling institutional liquidity via Eigenlayer AVS.
Protocol launches proprietary AMM (Dynamo) marking shift toward vertical integration
Ecosystem growth accelerates with enhanced Eigenlayer partnership and upcoming multi-asset expansion in coming months.
Protocol releases customizable vaults product
$8.5M ETH stored in Apostro's vault creates new liquidity source for token trading.
New incentives program launches with $158K budget allocation across multiple hooks including Bunni and Aegis Markets.
New ezJTO-JTO liquidity vault launches on Kamino with share of 7,000 JTO monthly rewards
Selected for Uniswap Foundation's Hook Design Lab initial cohort, receiving technical and marketing support for v4 integration.
Communications lead role filled by Diogo Costa (lstmaximalist), known for work with multiple successful crypto projects.
Protocol integrates Hyperlane for bridge infrastructure with updated interface.
S4 rewards program opens for claims above 4,703 ezPoints threshold until May 30.
Protocol generates $110M in first year fees ($10M to treasury, $100M to users) with 3x growth target for year 2
Token currently trades on Coinbase with sub-$50M market cap, lowest market cap among Coinbase listings.
DEX liquidity expansion of 10,000 ETH planned for ezETH-ETH pair, requiring 700 ETH capital commitment.
$25M funding raised with 15-person team built and product launched to market.
Token unlock of $7.68M scheduled for April 30.
Major token unlock event exceeding $5M scheduled within next 7 days.
Token unlock event scheduled in 4 days.
Negative funding rate (-0.4477%) and $41M market cap indicate potential short squeeze setup.
New SOL borrowing enabled against ezSOL with 10x leverage capability and 24% Max APY across three yield sources.
New yield farming opportunity available on Euler Finance platform offering protocol points with up to 11x leverage.
Token unlock event releases 30.02% of circulating supply
Monthly active users have declined 88% from peak of 155K to current 18.7K users.
Protocol reaches $1B TVL in 111 days, ranking 7th fastest among major DeFi protocols.
Points program implementation correlates with 80%+ token value decline in DeFi 2.0 projects.
Protocol now accessible through TAC's external vaults, expanding yield opportunities without bridging.
Liquid Restaking Token (LRT) products now live across 9 blockchain networks with 32 DeFi protocol integrations, while new incentive structure requires interaction with selected protocols for rewards.
Whale wallet withdraws 6,595.8 ETH ($12M) from protocol and transfers to Binance.
Token unlock of $10M scheduled for April 30.
High-risk staking program with poor token allocation structure presents significant investment risks.
New spot listing on Bithumb exchange.
Open interest reaches 60% of float with shorts paying 700% annual rates, indicating extreme short pressure.
Bithumb exchange adds KRW trading pair, launching April 1st at 4:00 PM local time.
$10M token unlock scheduled for April 30.
Protocol returned 7,912 ezETH ($27.96M at time of error) that was mistakenly sent to contract in June 2023. 80% returned to user, 20% kept as fee split between DAO Treasury and multisig.
Season 3 REZ tokens now available for claiming through Infinex Account
Liquid staking solution on EigenLayer network. Coinbase announces REZ trading support starting March 6, 2025 at 9 AM PT.
Protocol focused on ETH staking narrative, positioned for ETH's move to 5K. Currently described at best R:R entry point.
Protocol with auto-compounding restaking rewards through Dutch auctions. Supports ezETH, ezEiGEN and ezREZ tokens.
Rewarding users with REZ tokens on top of existing JitoSOL yield.
REZ token announced on BNSOL Super Stake with boosted APRs and airdrop rewards.
Market cap increased from $2M to $13.5M. Team using Euler technology to decentralize their network.