$ezSOL
ezSOL is the flagship vault restaking token representing a user's restaked position on Jito. Users can deposit JitoSOL and, soon, SOL and receive ezSOL, representing their position in securing Node Consensus Networks (NCNs). Restakers will generate staking, restaking, and Maximal Extractable Value (MEV) rewards that will be auto-compounded in ezSOL. Renzo will announce the official date for restaking rewards upon Jito’s confirmation.
Liquid Staking: Users mint ezSOL using JitoSOL and soon SOL while maintaining liquidity for use in DeFi.
MEV Integration: MEV opportunities are captured by Jito’s validators, providing additional rewards.
DeFi Usability: ezSOL can be deployed across Solana DeFi protocols, including lending and AMMs, without requiring the unstaking of SOL.
Rewards
ezSOL is a reward-bearing token similar to cTokens
Staking, restaking, and MEV rewards are automatically redeposited into the protocol, increasing the amount of collateral a user can claim without increasing the asset supply. Thus, the price of the asset increases as rewards are harvested.
This means the value of ezSOL increases relative to the underlying assets as it earns more rewards.
REZ Incentives
ezSOL will be incentivized with REZ, featuring future incentives for upcoming DeFi integrations.
Deposits
During the initial phase of the ezSOL launch, access will be gated, giving early advantages to whitelisted users who have pre-registered for 24 hours or until caps are filled. For more details on the gated launch, please refer to the Renzo announcement.
Click Connect Wallet to link your Solana wallet.
After selecting the network and asset, enter the amount of SOL or JitoSOL 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 ezSOL on your wallet.
Withdrawals
Withdrawals are enabled since day one. Once the withdrawal is initiated, your withdrawal will be queued and be available for claiming after 2 epochs (up to 4 days). Please note that there is a 0.1% withdrawal fee for every withdrawal.
Switch between restake and withdraw functions by clicking the swap arrow button in the center of the dialog box.
Enter the amount of ezSOL 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 ezSOL. You can track the status of your withdrawal in the Claims tab located at the bottom of the page, near the NCNs tab.
Once your withdrawal is ready, click the Claim button to collect your assets.
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