ezETH FAQs

How is the ETH to ezETH Exchange Rate calculated?

ezETH is a reward bearing token like Compound’s cTokens. This means that native ETH rewards that are generated from staking are captured by the protocol and reflected in the price of ezETH.

Does Renzo charge any fees? Renzo charges a 10% fee on rewards generated via restaking. The fees are split 50/50 between protocol reserves (treasury) and Renzo node operators.

What can you do with ezETH?

Hold ezETH in your wallet to collect rewards, swap or supply ezETH on DEXs, or participate in DeFi opportunities as ezETH is integrated into more DeFi applications. See a full list of Renzo's DeFi integrations

When will withdrawals on L2s be enabled?

In Phase 1, withdrawals will only be enabled on Ethereum mainnet. You can either swap on DEXs or bridge to Mainnet using the in-app bridge here.

How long does it take for ezETH withdrawal to go through unstaking and cooldown?

ezETH withdrawals can take up to 15-days, given the recent Eigenlayer slashing upgrade and time taken to exit the beacon chain.

Your ETH will be available after the cooldown period has finished.

How to withdraw ezETH?

WIthdrawals are currently enabled on Ethereum mainnet. Depending on the restaking strategies deployed, unstaking can take up to 15 days, primarily due to EigenLayer unstaking requirements. Simply visit https://app.renzoprotocol.com/ezeth, switch between restake and withdraw functions by clicking the swap arrow button in the center of the dialog box, and proceed with withdrawal.

Once you initiate the withdrawal, you stop accruing any reward on your ezETH. You can track the status of your withdrawal in the Claims tab located at the bottom of the page, near the AVSs tab. Once your withdrawal is ready, click the Claim button to collect your assets.