$ezETH
Last updated
Last updated
ezETH is the liquid restaking token representing a user’s EigenLayer restaked position at Renzo. Users can deposit native ETH or LSTs and receive ezETH. Serving as the interface to the EigenLayer ecosystem, ezETH secures Actively Validated Services (AVSs) to generate both staking and restaking rewards.
Renzo has consistently delegated the highest percentage of TVL over the longest duration and across a curated list of AVSs. As a result, Renzo’s ezETH provides higher rewards than other restaking protocols. Combined with its auto-compounding feature and extensive DeFi integrations across chains, ezETH stands out as the most compelling LRT solution available.
ezETH is a reward bearing token similar to cTokens
Staking and restaking rewards are auto-compounded. This means the value $ezETH increases relative to the underlying assets as it earns more rewards.
By holding/utilizing ezETH across supported dApps, users accrue ezPoints. ezPoints are designed to track user participation and activity throughout the Renzo seasons. The latest season, Renzo Amore, runs until Nov 30th, 2024.
Click Connect Wallet to link your EVM wallet.
You can view the supported assets and chains for native restaking by clicking the ETH dropdown button.
After selecting the network and asset, enter the amount of ETH/LSTs token that you would like to deposit. You can click MAX to enter the maximum tokens available in your wallet.
Confirm the amount and proceed to deposit.
Approve and confirm the transaction on your wallet.
Once the deposit is successful, you can view your $ezETH on your wallet.
WIthdrawals are currently enabled on Ethereum mainnet. Depending on the restaking strategies deployed, unstaking will take a minimum of 7 days, primarily due to EigenLayer unstaking requirements, but will vary depending on each AVS.
Switch between restake and withdraw functions by clicking the swap arrow button in the center of the dialog box.
Enter the amount of ezETH tokens that you would like to withdraw. You can click MAX to enter the maximum tokens available
Confirm the amount and proceed to withdraw.
Approve and confirm the transaction on your wallet.
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 at the bottom of the page, near the AVSs tab.
Once your withdrawal is ready, click the Claim button to collect your assets.
Renzo passes 100% of any EigenLayer rewards
Renzo charges a 10% fee on rewards generated via restaking. The fees are split 50/50 between protocol reserves (treasury) and Renzo node operators.
