$ezSOL
ezSOL is the flagship vault (re)staking token representing a user's restaked position on Jito. Users can deposit JitoSOL or SOL to 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 or SOL while maintaining liquidity for use in DeFi.
MEV Integration: Renzo will secure the TipRouter NCN that will programmatically distribute MEV tips generated from the Jito Tip Distribution protocol
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 jitoSOL
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 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
To mint ezSOL, users can deposit either JitoSOL or SOL directly through Renzo’s platform. Renzo ezSOL vault on Jito restaking network only supports JitoSOL deposits. However, by integrating Jupiter’s swap API and a custom deposit CPI program, Renzo enables seamless deposits of both SOL and JitoSOL. The platform automatically converts the deposited token into JitoSOL before completing the vault deposit, ensuring users get the best possible exchange rate—either by swapping through Jupiter or minting JitoSOL directly on Jito.
Click Connect Wallet to link your Solana wallet.
Select the asset that you want to deposit: SOL or JitoSOL.
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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