Caps & Points FAQ

Does EigenLayer have caps on deposits?

EigenLayer only has caps on LST deposits, native ETH deposits are never capped

Does Renzo have caps on deposits?

Renzo never caps ETH, but will occasionally cap LST deposits

What are EigenLayer Restaked Points?‍

Restaked Points measure your contribution to the shared security of the EigenLayer ecosystem. Learn more in the EigenLayer docs.

Will users earn Eigenlayer Restaked Points by restaking ETH?

Yes, Renzo passes 100% of all EigenLayer Restaked Points to users.

How are Restaked Points from EigenLayer distributed?

EigenLayer Points will be distributed to ezETH holders 100%. There are no fees and they will not be not used as collateral inside of Renzo.

Does Renzo charge fees on EigenLayer Restaked Points?

No, 100% of EigenLayer Restaked points will be distributed to Renzo users. Please note, due to the technical nature of native ETH staking, EigenLayer points only start accumulating after approximately the first 24 hours after the user receives ezETH. This applies both for minting and transferring ezETH.

When I restake with Renzo, will I see my EigenPoints on Eigenlayer directly?

With Renzo when you deposit your ETH, every batch of 32 ETH is staked with Figment and then restaked via EigenPods. Thus, you won't be able to check your individual EigenLayer Pt wallet balance on the EigenLayer Dapp.

What is Looping?

Looping — i.e. using the same ezETH to generate rewards multiple times by selling ezETH for ETH to repeat the process is strictly prohibited. Our system will be monitoring this and void you from the Boost and your ezPoints.

How do I receive the 200 ezPoint Boost?

ETH or LST holders who deposit into Renzo between February 5th, 2024 00:00 UTC and February 11th, 2024 00:00 UTC will receive a 200 ezPoints Boost for every 1 ETH or LST deposit.

ezPoints are calculated and distributed pro-rata in proportion to your deposit amount. ezPoints will accumulate to your ezETH balance and will show up in your portfolio immediatley.

When do EigenLayer caps Open and Close?

EigenLayer opens the caps window on February 5, 2024, at 20:00 UTC.

wBETH and stETH holders can make deposits until February 9th, 2024, 20:00 UTC, or until the Renzo 5,000 wBETH and stETH caps are reached.

Once both the wBETH and stETH cap is reached, stETH deposits will be closed until the next EigenLayer caps reopen.

Renzo will increase or remove wBETH and stETH caps ahead of the next deposit round.

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