The Renzo protocol running on the Ethereum blockchain has introduced its liquid staking token pzETH. This token is deployed on the Symbiotic general security protocol and issued in collaboration with liquid staking infrastructure provider Mellow Protocol. 🚀

pzETH facilitates staking using stETH, wstETH, wETH and ETH, and provides users with risk-adapted rewards for re-staking through Symbiotic. Social media posts say initial deposits are limited to a maximum of $25,000. 💰

Renzo also offers another liquid staking token, ezETH, which represents a user's re-staking position. This token earns rewards and its value increases in line with the underlying re-staking positions.

Renzo recently raised $17 million to expand its re-staking services. The total value locked (TVL) is approximately $3.1 billion and the market capitalization is $111.51 million.