ezETH
ezETH is the liquid restaking token representing a user’s EigenLayer restaked position at Renzo. Users can deposit native ETH or stETH and receive ezETH. Serving as the interface to the EigenLayer ecosystem, ezETH secures Autonomous Verifiable Services (AVSs) to generate both staking and restaking rewards.
Rewards
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.
Deposits
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, ezETH arrives in your wallet.
Withdrawals
WIthdrawals are currently enabled on Ethereum mainnet. Depending on the restaking strategies deployed, withdrawals can take up to 15 days, primarily due to EigenLayer unstaking and slashing requirements, but will vary depending on each AVS.
Fees
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.
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