REZ
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager with the aim to serve as an interface to the EigenLayer ecosystem. The Renzo platform is engineered to offer higher yields than traditional ETH staking. This is made possible by securing Actively Validated Services (AVS) and simplifying the staking process for end-users. Alternatively, Renzo is also fostering wider utilization of the EigenLayer framework. 

Operating as a liquid derivative platform, Renzo directly interacts with the EigenLayer. This collaboration is offering a streamlined method for users to engage in restaking activities. In addition, it serves as an entry point for liquidity provision in staking, permitting users to transform their staked assets into liquid forms. This feature lets people join in decentralized finance (DeFi) systems and still keep earning from staking.

Upon depositing ETH or any supported Liquid Staking Tokens (LSTs), the platform issues an equivalent amount of ezETH, Renzo's liquid restaking token. The ezETH token is representing the user’s staked position which accumulates rewards over time. According to the Whitepaper, Renzo has plans to broaden its backing for a variety of LSTs. #REZ