In the last months we have often discussed eigenlayer, both on tele, live, etc.
EigenLayer is a protocol designed to strengthen security and efficiency for networks and apps built on Ethereum.
So in the DeFI (Decentralized Finance) ecosystem, the $Renzo protocol functions to help users engage in staking in a more flexible and profitable way.
The goal is simple: to build a DeFi ecosystem that is stronger and easier to access by everyone, even “lay people”.
Renzo is present as an innovative Liquid Staking protocol that allows users to stake the ETH they have and get rewards in the form of Liquid Restaking Tokens in the form of ezETH (a token that represents previously staked ETH).
ezETH can be freely traded or used within the Renzo ecosystem, including to earn staking rewards and participate in governance.
Renzo's multi-chain capabilities also open up opportunities for users to diversify their portfolios and take advantage of various opportunities across the crypto ecosystem.
How is it different from traditional ETH staking?
Of course the yield is higher
$Renzo itself managed to occupy the second position as the largest liquid restaking protocol after Ether.fi, with a total value locked (TVL) of around US$3.21 billion. In the last month, Renzo's TVL rose by around 100%.
Investors behind Renzo Protocol:
Binance Labs, OKEx Ventures, Figment Capital, Maven11, SevenX Ventures, IOSG Ventures, Bitscale Capital, etc.
What do you think?
Have you joined the launchpool?
