# Overview

Renzo is an institutional-grade onchain platform for staking, restaking, and capital deployment across leading crypto ecosystems. By abstracting protocol-level complexity, Renzo enables both individuals and institutions to access advanced yield strategies with transparency, security, and precise control.\
\
The protocol is built as a modular system composed of three core product suites: **Reserve Vaults**, **Staking Suite**, and **Enterprise Suite -** each designed to maximize capital efficiency while preserving onchain verifiability.

<figure><img src="/files/j1mwLVFB9JSnTWomgh31" alt=""><figcaption></figcaption></figure>

Renzo is built to promote permissionless innovation, programmatic trust, and transparent capital markets. By removing operational friction while keeping execution fully verifiable on-chain, Renzo accelerates the adoption of staking, restaking, and sophisticated yield strategies across the broader crypto ecosystem.


# Staking Suite

<figure><img src="/files/r3Pa9Aj7JAjsfokR6Fl2" alt=""><figcaption></figcaption></figure>

The Renzo Staking Suite provides a unified dashboard for liquid staking and restaking across supported chains. Users can stake supported assets and automatically compound rewards while retaining liquidity.

Each supported asset integrates natively with its underlying staking or restaking network, enabling seamless participation across Ethereum and Solana from a single interface. Rewards earned from staking are auto-compounded

Rewards earned from staking are auto-compounded, so returns grow over time without requiring active management.

<figure><img src="/files/X5oXC0H0BZrFD7nXdBna" alt=""><figcaption></figcaption></figure>


# 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.

<figure><img src="/files/gnAkfvJswP4795SivFsC" alt="" width="299"><figcaption></figcaption></figure>

### 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

* Visit <https://app.renzoprotocol.com/ezeth>
* 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.

<figure><img src="/files/U2iRQMsm2yTtaaSEMDjl" alt="" width="299"><figcaption></figcaption></figure>

* 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 given the recent Eigenlayer slashing upgrade and time taken to exit the beacon chain.&#x20;

* Withdrawal [tutorial](https://docs.renzoprotocol.com/docs/~/revisions/J8CcmWcEkQh3dHfS5oDr/services/withdrawals/tutorial)&#x20;
* Withdrawal [flow](https://docs.renzoprotocol.com/docs/~/revisions/J8CcmWcEkQh3dHfS5oDr/services/withdrawals/withdrawal-flow)

### 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.


# ezETH FAQs

**How is the ETH to ezETH Exchange Rate calculated?**

ezETH is a reward bearing token like [Compound’s cTokens](https://docs.compound.finance/v2/ctokens/#ctokens).  This means that native ETH rewards that are generated from staking are captured by the protocol and reflected in the price of ezETH. &#x20;

**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.&#x20;

**What can you do with ezETH?**&#x20;

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](https://app.renzoprotocol.com/defi)

**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 on the staking [page](https://app.renzoprotocol.com/staking).

**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.&#x20;

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.


# pzETH

**Introduction to pzETH**

pzETH is a liquid restaking token representing a user’s restaked position within the Symbiotic ecosystem. Users can deposit stETH, wstETH, wETH, or ETH to receive pzETH in return. Serving as the interface to the Symbiotic ecosystem, pzETH secures Actively Validated Services (AVSs) to generate both staking and restaking rewards.<br>

**How pzETH Works**

Upon depositing their assets, users receive pzETH, which automatically provides economic security to AVSs within the Symbiotic ecosystem associated with Renzo. Users don’t have to manage restaking strategies, interface with smart contracts themselves, or set up the hardware necessary for restaking. Renzo does it all, making it *ezpz* for the user.

**Key Features**

* **Withdrawals:** pzETH can be withdrawn from day one and is fully redeemable for the underlying restaked collateral.
* **Enhanced Rewards:** By participating in Symbiotic’s restaking protocol, users can participate in both ETH staking and restaking.<br>

**Understanding Symbiotic**

Symbiotic is a permissionless restaking protocol that coordinates node operators and economic security providers. It allows users to restake their assets to support various decentralized applications (DApps) and services, including rollups, interoperability infrastructure, and oracles, in exchange for rewards.

For more detailed information, refer to the Symbiotic documentation here: <https://docs.symbiotic.fi/>.

**Mellow & Symbiotic Points**

* Mellow Points: 1 point per hour for each underlying wstETH
* Symbiotic Points: 1 point per hour for each underlying wstETH

Please note that there may be caps on Symbiotic deposits that limit the amount of points generated. Renzo will continuously deploy new collateral to the Symbiotic ecosystem and aims to have as high a utilization rate as possible.<br>

**Detailed Mechanics**

When users deposit an asset, they receive pzETH based on the current ratio of collateral to pzETH within the underlying pool. The deposited asset becomes underlying collateral that is delegated to node operators associated with Renzo. These operators, meeting stringent standards, provide economic security to AVSs. In return, the AVSs reward the providers of the collateral (pzETH holders).\
\
**DeFi Integrations**

Stay tuned for upcoming DeFi integrations with pzETH. The official list of integrations is available here: [app.renzoprotocol.com/defi](http://app.renzoprotocol.com/defi). For the latest updates, follow us on X @[RenzoProtocol](http://x.com/renzoprotocol).


# pzETH FAQs

**Q: How to get pzETH**

A: You can deposit stETH, wstETH, wETH, or ETH to receive pzETH here: <https://app.renzoprotocol.com/pzeth>

**Q: What do I get by staking pzETH?**

A: Staking yield from ETH staking + Symbiotic points + Mellow points + AVSs rewards when they go fully functional

Please note that there may be caps on Symbiotic deposits that limit the amount of points generated.&#x20;

**Q: If I deposit pzETH, will I get Symbiotic/Mellow points?**

A: Users who deposited before Symbiotic limits were reached:

* &#x20;Earn 1x Symbiotic points and 1x Mellow points

Users who deposited after Symbiotic limits were reached:

* Earn 1.5x Mellow points boost while their liquidity remains idle in Mellow vaults (No Symbiotic points yet)
* Once limits increase and their deposits entered Symbiotic, users will start earning 1x Symbiotic points and 1x Mellow points

There are multipliers for utilizing DeFi integrations. Please refer to <https://app.mellow.finance/defi> for more info.

**Q: How do I check Symbiotic Caps / Limits**

A: You can check the wstETH caps directly on <https://app.symbiotic.fi/restake>. You can follow their [socials](https://x.com/symbioticfi) to stay updated when they raise their limit.&#x20;

**Q: What if I get pzETH from DEX or other DeFi integrations, will I get Symbiotic points?**

A: When users buy pzETH from a liquidity pool, they will be treated as pzETH that is not staked in Symbiotic i.e. Earn 1.5x Mellow Points until Symbiotic limits open.

* If a user buys more pzETH than the amount in the Mellow waiting queue , they’ll receive non-staked pzETH points plus a portion of the staked pzETH to fulfill the buy order.
* This last-in-first-out principle applies to other DeFi integrations as well.

For more information please read Mellow’s doc [here](https://docs.mellow.finance/mellow-lrt-lst-primitive/loyalty-points#loyalty-points-logic-for-users).

**Q: How is the $pzETH exchange rate calculated?**

A: pzETH is a reward bearing token like [Compound’s cTokens](https://docs.compound.finance/v2/ctokens/#ctokens). Once AVSs begin distributing rewards, these will be automatically restaked and compounded, which will be reflected in pzETH's price. This process allows pzETH to continuously accrue value relative to wstETH.

\
**Q: What can you do with pzETH?**

A; Hold pzETH in your wallet to collect rewards, swap or supply pzETH on DEXs, or participate in DeFi opportunities as pzETH is integrated into various DeFi applications. See a full list of Renzo's DeFi integrations [here](https://app.renzoprotocol.com/defi).

**Q: How to withdraw pzETH?**

A: From day one, you can withdraw your pzETH and fully redeem it for the underlying restaked collateral. To withdraw your pzETH and receive wstETH, visit <https://app.renzoprotocol.com/pzeth>. You can easily switch between deposit and withdraw functions by clicking the swap arrow button in the center of the dialog box.

Click Withdraw and approve the transaction. Please note that you'll stop accruing points for the withdrawn LRT after requesting a withdrawal. Withdrawals are processed within 14-21 days, after which you'll receive your assets in your wallet.

**Q: How to check my withdrawals?**

A: At the bottom of the [pzETH page](https://app.renzoprotocol.com/pzeth), at the bottom, there’s a Claim section where you can view your claim progress.

**Q: Are AVSs live yet on Symbiotic/Mellow? Where can I see the list?**

A: AVS is not yet functional on Symbiotic/Mellow. When it goes live, you can see the list of the AVSs along with the stats at the bottom of the [pzETH page](https://app.renzoprotocol.com/pzeth).


# 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 earn staking, restaking, and Maximal Extractable Value (MEV) rewards, which are automatically compounded into their ezSOL balance.

* **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&#x20;
* **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.

### 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.

* Visit <https://app.renzoprotocol.com/ezsol>&#x20;
* 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 have been 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 a 0.2% fee applies to each withdrawal. Renzo charges a 0.1% withdrawal fee, and Jito applies a 0.1% program fee to all restaking projects.

* Visit <https://app.renzoprotocol.com/ezsol>
* 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 "Withdrawal tab" located at the bottom of the page, near the NCNs tab.&#x20;
* Once your withdrawal is ready, click the Claim button to collect your assets.


# ezBTC

ezBTC is the liquid restaking token representing a user’s EigenLayer restaked position backed by wBTC. Users can deposit wBTC into the vault and receive ezBTC. Serving as the interface to the EigenLayer ecosystem, ezBTC secures Autonomous Verifiable Services (AVSs) to generate restaking rewards on top of BTC exposure.

### &#x20;Security First

ezBTC smart contracts leverage a battle-tested tech stack, proven through ezREZ and ezEIGEN enabling users to earn AVSs rewards that automatically compound within the restaking protocol.

### Rewards

* DVN - AVS rewards
* 3x Concrete points to ezBTC holders<br>

Following the implementation of [Decentralized Verifier Networks](https://medium.com/layerzero-official/layerzero-v2-explaining-dvns-02e08cce4e80) (DVNs) on LayerZero, omnichain applications can now customize their security by selecting a DVN or set of DVNs to verify messages, with the choice based on the sensitivity of the data. The Framework is open source, allowing other teams to launch their own CryptoEconomic DVNs using their own assets as stake.\
\
DVN-AVS [framework](https://blog.eigencloud.xyz/dvn/) for wBTC cross-chain transfers will be secured using ezBTC. This represents the initial use case scenario, with additional implementations planned for the future.

### Caps

For the initial launch of ezBTC the following caps will be implemented:

* **Phase 1 (First Month):** $25M cap
* **Phase 2 (Second Month):** $50M cap
* **Post-Phase 2:** All caps will be removed after the second month following the official launch.

### Rewards Harvesting

The rewards distribution for **ezBTC** will be mainly through auto-compounding:

Designated portion of rewards will be automatically compounded back into **ezBTC**, increasing the holder’s position over time.

### Deposits&#x20;

* To Deposit, simply visit <https://app.renzoprotocol.com/ezbtc>
* Click Connect Wallet to link your Ethereum wallet. Read and accept Renzo’s Terms of Services, Privacy Policy, and Disclaimer.
* Enter the amount of wBTC tokens 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 receive ezBTC, representing your restaked wBTC amount.

### Withdrawals

Withdrawals for ezBTC are enabled from day one. Once a withdrawal is initiated, it may take up to 14 days to process. Users will need to manually claim their wBTC once it becomes available.

* Visit <https://app.renzoprotocol.com/ezbtc>
* Switch to withdrawals by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of ezBTC tokens that you would like to withdraw. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

Once you initiate the withdrawal, you stop accruing any reward on your ezBTC. There is a 14-day cooldown period, and you can track the status of your withdrawal in the "Withdrawal 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.


# ezREZ

Renzo is excited to introduce ezREZ, the liquid restaking token of REZ, enabling users to restake their REZ tokens. REZ is the governance token for the Renzo community. REZ holders are able to express their voice in the DAO through voting rights granted by governance token, REZ.

Recently, EigenLayer introduced [Permissionless Token Support](https://www.blog.eigenlayer.xyz/permissionless-token-support/), allowing any ERC-20 token to be permissionlessly added as a restakable asset on EigenLayer. Autonomous Verifiable Services (AVSs) can now choose to accept any ERC-20 token as a restaked asset to provide cryptoeconomic security for their AVS.

ezREZ is a representation of REZ staked in Eigenlayer and will be delegated to specified operators who will, in turn, secure AVSs accepting REZ as an asset. Renzo runs on some of the services provided by these AVSs and looks forward to collaborating further to expand its ecosystem.

### Security First

ezREZ smart contracts leverage a battle-tested tech stack, proven through ezETH, enabling users to earn AVSs rewards that automatically compound within the restaking protocol.

### Benefits

* Participate in Renzo [Governance](https://docs.renzoprotocol.com/docs/governance/governance)
* Auto-compounded rewards: ezREZ, just like ezETH, is a reward-bearing token. All the rewards will be auto-compounded and reflected in the price of ezREZ. As a result, the value of ezREZ increases over time relative to the underlying REZ as it accumulates more rewards.
* AVS rewards: REZ will be used to secure several AVSs. By holding ezREZ, users can help provide economic security to multiple AVSs and receive rewards in return.
* Partner Token allocation: Rewards received from partner projects will be distributed to ezREZ stakers
* Instant Withdrawals Fees: All revenue collected from Renzo [instant withdrawals](https://docs.renzoprotocol.com/docs/product/withdrawals/instant-withdrawals) will be auto-compounded into ezREZ  on a weekly basis.&#x20;

### Deposits

* Visit <https://app.renzoprotocol.com/ezrez>&#x20;
* Click Connect Wallet to link your Ethereum wallet.
* Enter the amount of REZ 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 receive ezREZ, representing your restaked REZ amount.

### Withdrawals

Withdrawals for ezREZ are enabled from day one. Once a withdrawal is initiated, it may take up to 14 days to process. Users will need to manually claim their REZ once it becomes available.

* Visit <https://app.renzoprotocol.com/ezrez>&#x20;
* Switch between restake and unstake functions by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of ezREZ 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 ezREZ. There is a 14-day cooldown period, and you can track the status of your withdrawal in the "Withdrawal 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.

### Migration from (Legacy) REZ staking to ezREZ

Renzo has deprecated the old REZ staking mechanism. The (legacy) REZ stakers are required to manually unstake their positions and migrate them to ezREZ. To streamline the process, Renzo reduced the cooldown period from 7 days to only 1 hour.

\
How to unstake (Legacy) REZ staking:

* Visit <https://app.renzoprotocol.com/stake>
* Click the Activate Cooldown button and approve the transaction on your wallet
* Once the cooldown period has passed, you can then claim your REZ

### Migration to ezREZ

After you claim your REZ, visit <https://app.renzoprotocol.com/ezrez> to deposit your REZ and obtain ezREZ in return.

<br>


# ezJTO

ezJTO is Renzo’s Vault (Re)Staking Token (VRT), representing a user’s restaked JTO (Jito’s governance token) position on the Jito network. Users can deposit JTO or SOL to receive ezJTO, representing their participation in securing Node Consensus Networks (NCNs). Restakers earn staking and restaking rewards, which are automatically compounded into their ezJTO balance.

* **Liquid Staking**: Users can mint ezJTO while maintaining liquidity for use in DeFi.
* **DeFi Usability**: ezJTO can be deployed across Solana DeFi protocols, including lending and AMMs, without requiring the unstaking of JTO.

### Rewards

* ezJTO is a reward-bearing token similar to ezSOL and bzSOL.
* Restaking 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 ezJTO increases relative to the underlying assets as it earns more rewards.

### Deposits

To mint ezJTO, users can deposit either JTO or SOL directly through Renzo’s platform. Renzo ezJTO vault on Jito restaking network only supports JTO deposits. However, by integrating Jupiter’s swap API and a custom deposit CPI program, Renzo enables seamless deposits of both JTO and SOL. The platform automatically converts the deposited token into JTO before completing the vault deposit, ensuring users get the best possible exchange rate—either by swapping through Jupiter or minting JTO directly on Jito.

* Visit <https://app.renzoprotocol.com/ezjto>&#x20;
* Click Connect Wallet to link your Solana wallet.
* Select the asset that you want to deposit: JTO or SOL.
* Enter the amount of asset 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 ezJTO 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 a 0.2% fee applies to each withdrawal. Renzo charges a 0.1% withdrawal fee, and Jito applies a 0.1% program fee to all restaking projects.

* Visit <https://app.renzoprotocol.com/ezjto>&#x20;
* Switch between restake and withdraw functions by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of ezJTO 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 ezJTO. You can track the status of your withdrawal in the "Withdrawal tab" located at the bottom of the page, near the NCNs tab.&#x20;
* Once your withdrawal is ready, click the Claim button to collect your assets.


# ezEIGEN

EigenLayer recently introduced its [Programmatic Incentives v1](https://www.blog.eigenlayer.xyz/introducing-programmatic-incentives-v1/). Starting from August 15th, 2024:

* 4% of the total EIGEN supply will be distributed over the first year:
  * 3% to ETH/LST stakers and operators
  * 1% to EIGEN stakers and operators
* The EIGEN rewards will be distributed linearly on a weekly basis.

Soon after the EIGEN token became transferable, Renzo introduced ezEIGEN to make EIGEN restaking ez pz. ezEIGEN is a liquid synthetic token representing a user’s restaked EIGEN position.&#x20;

### Security First

ezEIGEN smart contracts leverage a battle-tested tech stack, proven through ezETH, enabling EIGEN holders to earn additional rewards that automatically compound within the restaking protocol.

### Rewards

* 1 % of the total EIGEN supply
* Auto-compounded rewards&#x20;

Please note that ezEIGEN is a reward-bearing token similar to [Compound’s cTokens](https://docs.compound.finance/v2/ctokens/#ctokens). ezEIGEN holders earn EIGEN rewards that will be auto-compounded and reflected in the price of ezEIGEN. As a result, the value of ezEIGEN increases over time relative to the underlying EIGEN as it accumulates more rewards.

### Deposits

* Visit <https://app.renzoprotocol.com/ezeigen>&#x20;
* Click Connect Wallet to link your Ethereum wallet.
* Enter the amount of EIGEN tokens 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 receive ezEIGEN, representing your restaked EIGEN amount.

### Withdrawals

Withdrawals for ezEIGEN are enabled from day one. Once a withdrawal is initiated, it may take up to 14 days to process. Users will need to manually claim their EIGEN once it becomes available.

* Visit <https://app.renzoprotocol.com/ezeigen>&#x20;
* Switch between restake and unstake functions by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of ezEIGEN tokens that you would like to withdraw. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

Once you initiate the withdrawal, you stop accruing any reward on your ezEIGEN. There is a 14-day cooldown period, and you can track the status of your withdrawal in the "Withdrawal 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.

### Migration from EIGEN Staking to ezEIGEN

Users who have already staked their EIGEN, either directly via the EigenLayer dashboard or through Renzo and other projects, need to unstake their EIGEN first. Visit the EigenLayer dashboard, or if you previously staked through Renzo, you can unstake your EIGEN here: <https://app.eigenlayer.xyz/operator/0xb585cb192855253d33ddbdac2d20f50085ef8d41>

Once you initiate the unstaking transaction, there’s a 14-day cooldown period. You can track its progress here: <https://app.eigenlayer.xyz/restake/EIGEN> and claim your EIGEN tokens once they become available.&#x20;

After you claim your EIGEN, visit <https://app.renzoprotocol.com/ezeigen> to deposit your EIGEN.

<br>


# Opolis Reinsurance Bonds

Token Symbol: opusIAUSD

Opolis, a community revolutionizing employment and benefits, is bringing health insurance on-chain — replacing bloated intermediaries with lower premiums, better coverage, and efficient administration; starting with crypto-native yield through Reinsurance Bonds.

Opus I is the first in a series of bonds underwriting health insurance plans, built by Opolis.

The Opus Series I receipt token represents a 6-month AUSD bond deposit, earning a blended 40% APY through stablecoin and insurance underwriting profits, claimable at maturity.

### Vault Details

* Vault Name: Opus Series I
* Deposit asset: AUSD
* Receipt token: opusIAUSD
* APY: 40% (approximately 20% ROI)
* Bond Duration: 6 months
* Deposit Period: 7/22 - 7/31
* Maturity Date: 1/31/2026
* Vault Contract - 0xccA2AF7EC2E0B55d9cb1D9D36E542a1085e82EA5
* URL: <https://app.renzoprotocol.com/opusiausd><br>

*Opolis 2.0 replaces opaque reinsurance with on-chain, time-based restaking bonds:*

### How This Strategy works

* Restakers lock AUSD for fixed terms (generally 6-12 months) at variable APYs (15–60%), collateralizing and securing the insurance pool with various risk-profiled bonds.
* Health Insurance Subscribers (Opolis Members) pay premiums into a smart-contract pool; claims up to \~65% of premiums are covered directly from these premium dollars.
* If claims exceed that buffer, Opolis would initially draw on bond yields, followed by sequentially slashing deposits from the various risk-tiered vaults and redistributing the principal and subsequent yield as time progresses, with future premiums covering claims to anticipated funding levels.
* This structure ensures predictable security for the AVS, transparent profit sharing to all participants, and a robust, community-centric reinsurance layer in the RealFi ecosystem.
* Rewards are **auto-compounded and the receipt token increases in value** for the duration of the bond
  * For initial launch, rewards will be auto-compounded to the receipt token at maturity.
  * For subsequent bonds, rewards will be auto-compounded into the receipt token on a weekly basis.

### Deposits

* Visit <https://app.renzoprotocol.com/opusiausd>
* Click Connect Wallet to link your Ethereum wallet.
* Enter the amount of AUSD 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 receive opusIAUSD token, representing your bonded AUSD amount.

### Withdrawals&#x20;

For this vault, withdrawals are only enabled at bond maturity.

* Visit <https://app.renzoprotocol.com/opusiausd>
* Switch between deposit and withdraw functions by clicking the swap arrow button in the center of the dialog box.
* Redeem your bonded tokens (MAX) + yield.
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.


# bzSOL

bzSOL is Renzo’s Vault (Re)Staking Token (VRT), representing a user’s restaked Binance staked SOL (BNSOL) position on Jito. Users can deposit BNSOL to receive bzSOL, representing their participation in securing Node Consensus Networks (NCNs). Restakers earn staking and restaking rewards, which are automatically compounded into their bzSOL balance.

* Liquid Staking: Users can mint bzSOL while maintaining liquidity for use in DeFi.
* DeFi Usability: bzSOL can be deployed across Solana DeFi protocols, including lending and AMMs, without requiring the unstaking of SOL.

### Rewards

* bzSOL is a reward-bearing token similar to BNSOL
* Staking and restaking 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 bzSOL increases relative to the underlying assets as it earns more rewards.

### Deposits

To mint bzSOL, users can deposit either BNSOL or SOL directly through Renzo’s platform. Renzo bzSOL vault on the Jito restaking network only supports BNSOL deposits. However, by integrating Jupiter’s swap API and a custom deposit CPI program, Renzo enables seamless deposits of both SOL and BNSOL. The platform automatically converts the deposited token into BNSOL before completing the vault deposit, ensuring users get the best possible exchange rate—either by swapping through Jupiter or minting BNSOL directly on Binance.

* Visit <https://app.renzoprotocol.com/bzsol>
* Click **Connect Wallet** to link your Solana wallet.
* Select the asset that you want to deposit: **BNSOL** or **SOL**.

<div align="left"><figure><img src="/files/QLXzvHjzKtkcT6JeFeL8" alt="" width="375"><figcaption></figcaption></figure></div>

* Enter the amount of asset that you would like to deposit. You can click MAX to enter the maximum tokens available in your wallet.

<div align="left"><figure><img src="/files/EG5C5g9ttJDEnvHtfvep" alt="" width="375"><figcaption></figcaption></figure></div>

* Confirm the amount and proceed to deposit.

<div align="left"><figure><img src="/files/uZolzSbu78XU9rr4W42Q" alt="" width="375"><figcaption></figcaption></figure></div>

* Approve and confirm the transaction on your wallet.
* Once the deposit is successful, you can view your bzSOL in 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 a 0.2% fee applies to each withdrawal. Renzo charges a 0.1% withdrawal fee, and Jito applies a 0.1% program fee to all restaking projects.

* Visit <https://app.renzoprotocol.com/bzsol>
* Switch between restake and withdraw functions by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of bzSOL 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 bzSOL. You can track the status of your withdrawal in the Claims tab located at the bottom of the page, near the NCNs tab.&#x20;
* Once your withdrawal is ready, click the Claim button to collect your assets.


# ezSKATE

Liquid Restaked SKATE

### Token Details

* Liquid Restaked SKATE
* Symbol: ezSKATE
* Contract - [0xc12e4d31e92cedc1ad4c8c23dbce2c5f7cb52998](https://etherscan.io/address/0xc12e4d31e92cedc1ad4c8c23dbce2c5f7cb52998)
* ezSkate vault is owned and managed by Skate, and not affiliated with Renzo's core restaking assets

**ezSKATE** is Skate’s liquid restaking token that enables staking on **Skate’s EigenCloud AVS**, fortifying economic security and protocol alignment for stateless applications. By abstracting complexity through Flow Vaults, ezSKATE unlocks scalable institutional liquidity and streamlined incentive distribution, empowering users and institutions to actively govern and secure Skate’s ecosystem.

\
The ezSKATE vault allows users to deposit SKATE tokens into the vault contract and receive ezSKATE receipt tokens in return - representing a user’s stake in the contract. Deposited SKATE is used to provide security to the Skate AVS.<br>

<figure><img src="/files/qWKMcKsWoCHgZpjNscnw" alt=""><figcaption></figcaption></figure>

### Rewards Harvesting

As the Skate AVS generates SKATE rewards, they are automatically sent to the ezSKATE contract, increasing the total amount of SKATE held in the contract. Over time, as more SKATE accumulates, each ezSKATE token becomes backed by a larger amount of SKATE. \
\
When users withdraw their ezSKATE, they receive more SKATE than they originally deposited.

### Deposits

* Visit - <https://app.renzoprotocol.com/ezskate>
* Click Connect Wallet to link your Ethereum wallet.
* Enter the amount of SKATE tokens 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 receive ezSKATE, representing your restaked SKATE amount.

### Withdrawals

Withdrawals for ezSKATE once a withdrawal is initiated, may take up to 14 days to process. Users will need to manually claim their SKATE tokens once it becomes available.

* Visit - <https://app.renzoprotocol.com/ezskate>
* Switch between restake and unstake functions by clicking the swap arrow button in the center of the dialog box.
* Enter the amount of ezSKATE tokens that you would like to withdraw. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

Once you initiate the withdrawal, you stop accruing any reward on your eSKATE. There is a \~21-day cooldown period established by Skate, and 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.<br>


# Reserve Vaults

Renzo Reserve Vaults are actively managed vaults designed to simplify DeFi participation. Users can deposit supported tokens and automatically gain exposure to diversified, actively managed yield strategies without having to monitor, rebalance, or move funds manually.

With one deposit, users earn sustainable APY across a portfolio of curated opportunities, all managed by Renzo’s smart, secure vault infrastructure.&#x20;

Each vault intelligently allocates capital across multiple yield sources: liquidity pools, lending protocols - diversifying risk while maximizing returns. As the Renzo ecosystem grows, new strategies and integrations will be continuously added, allowing vaults to evolve and adapt to the ever-changing DeFi landscape.\
\
See a full list of vaults [here](https://app.renzoprotocol.com/reserve).


# USCC Leverage Vault

### Overview

The Renzo Superstate USCC Vault provides users with access to Superstate’s USCC alongside boosted yields through Aave Horizon leverage looping. This vault allows retail users to gain synthetic exposure to USCC which is otherwise restricted to institutional investors - while benefiting from automated yield optimization.

### Key Benefits

1. **Earn competitive yield on stablecoins:** Earn optimized returns on stablecoins via exposure to leveraged USCC yield.
2. **No Active management required:** The vault’s smart contracts handle allocation, rebalancing, and diversification automatically, with the UI simply abstracting away the complexity.
3. **Smooth withdrawals:** Withdrawals are enabled from the vault starting from day one.
4. **LP price tracking:** Monitor individual vault positions and price movements in real time.

### Vault Details

* LP Token Symbol: ezUSCC1
* LP Token Name: Renzo Superstate 1
* Fees: 20% Performance Fee (e.g. 20% of yield generated in USDC terms)
* Underlying Vault Asset: USDC

### Operation Flow

* User deposits USDC&#x20;
* The vault manager converts the USDC into USCC
* USCC is supplied as collateral on the Aave Horizon RWA market.
* Borrow USDC against the USCC collateral when the borrow rate is favorable at a target loan-to-value (LTV).&#x20;
* Deposit the borrowed USDC into Superstate to mint additional USCC.
* Re-deposit the newly minted USCC as collateral and repeat the loop to increase effective yield.

<figure><img src="/files/Hj9ayr0szUZo2UME8c0r" alt=""><figcaption></figcaption></figure>

### USCC Fund Overview

The Superstate Crypto Carry Fund (the “Fund”) offers Qualified Purchasers access to crypto basis (differential between the spot and future price) strategies. The Fund optimizes the yield and risk of crypto cash-and-carry trades across the Bitcoin basis, Ether basis (including staking Ether), and U.S. Treasury securities. Shares of the Fund are issued as USCC tokens on Ethereum, Solana, and Plume, or held in book‑entry form. Subscriptions and redemptions are facilitated through USD or USDC, with liquidity each market day.

### **Yield Model**

Interest rates accrue in a similar way to [Lido's wstETH](https://help.lido.fi/en/articles/5231836-what-is-lido-s-wsteth). You are minted a static amount of tokens and your token balance stays the same unless you mint, burn, or transfer. The NAV increases over time, allowing you to redeem a share of USCC for an increasing amount of U.S. Dollars or USDC.

<figure><img src="/files/KL37Hm0zuYlGfOsPW1ZH" alt=""><figcaption></figcaption></figure>

Learn more about USCC here:\
<https://superstate.com/assets/uscc>&#x20;

### Deposits

* Visit <https://app.renzoprotocol.com/reserve/ezuscc1>
* Click Connect Wallet to link your EVM wallet.
* Confirm the amount of USDC tokens and proceed to deposit.
* Approve and confirm the transaction on your wallet.
* Once the deposit is successful, you can view your ezUSCC1 on your wallet.

### Withdrawals

* Visit <https://app.renzoprotocol.com/reserve/ezuscc1> and select withdraw.
* Enter the amount of vault shares (ezUSCC1) that you would like to redeem. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

### Important Note on Withdrawals

There is a 3-day minimum which the user must wait before the withdrawal request is claimable. During the pending redemption period (up to 1 business day) the USCC is not in the vault and the USDC has not been sent back. Once the 3 day cooldown period has been completed and the USDC is available in the Withdraw Queue, the user can claim the withdrawal request.  The LP token will be burned and the USDC will be sent to the users.

**Note:** The price that the user gets for final conversion of LP Tokens to USDC is the lower of

* When the user creates the initial withdrawal request
* When the user claims the withdrawal request

### Contracts

* Vault Contract: 0xc242DEEF9E4dBdF394fE425630F9aa5762dB2faC
* Deposit/Withdraw Strategy Contract: 0x7C4564bD54Da474314F715b19D7d8C7671760395
* Deposit/Withdraw Helper Contract: 0x0727715058A4fBa47d786C9443cC743272D450c7
* Aave Looping Strategy Contract: TBD
* Vault Withdraw Queue Contract: 0xA99cdFc2B60A10e6a9E8C457CdaF8A3e8f569df1
* USCC Oracle Contract: 0xAfFd8F5578E8590665de561bdE9E7BAdb99300d9

&#x20;


# USDC Yield Vault

Renzo USDC Vault-1

### Overview

Renzo USDC Lending vault is an automated stable vault that enables users to earn yield on their stablecoins with zero management overhead. The vault currently supports deposits in USDC.

Behind the scenes, the vault allocates liquidity to trusted lending protocols, starting with Aave. Over time, additional strategies will be introduced, expanding the vault’s reach across multiple yield sources and improving both risk diversification and return potential.

<figure><img src="/files/iIf4gk3JMMxAtltqZrHd" alt=""><figcaption></figcaption></figure>

### Vault Details

* LP Token Symbol: ezUSDC1
* LP Token Name: Renzo USDC 1
* Fees: **20% Performance Fee** (e.g. 20% of yield generated in USDC terms)
* Underlying Vault Asset: **USDC**

### Key Benefits

1. **Earn competitive yield on stablecoins:** Earn optimized returns on **stables.**
2. **No Active management required:** The vault’s smart contracts handle allocation, rebalancing, and diversification automatically, with the UI simply abstracting away the complexity.
3. **Smooth withdrawals:** Withdrawals are enabled from the vault starting from day one.
4. **LP price tracking:** Monitor individual vault positions and price movements in real time.
5. **Bundled transactions:** Smart batching reduces gas costs and optimizes capital efficiency for all vault participants.&#x20;

### Deployed Strategies

* Aave Core (90% max)
* Morpho (80% max)
* Aave Horizon (90% max)
* Spark (20% max)
* Vault Allocations can be viewed here: <https://debank.com/profile/0x877bbA4238EF1DCA9BF574561da633049de3A334>&#x20;

*The percentages above indicate the maximum portion of the vault’s total TVL that can be allocated to each market at any point in time.*

### Deposits

* Visit <https://app.renzoprotocol.com/reserve/ezusdc1>
* Click Connect Wallet to link your EVM wallet.
* Confirm the amount of USDC tokens and proceed to deposit.
* Approve and confirm the transaction on your wallet.
* Once the deposit is successful, you can view your ezUSDC1 on your wallet.

### Withdrawals

* Visit <https://app.renzoprotocol.com/reserve/ezusdc1> and select withdraw.
* Enter the amount of vault shares ezUSDC1 that you would like to redeem. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

### Important Note on Withdrawals

There is a 3-day cooldown period which the user must wait before the withdrawal request is claimable. Once the 3 day cooldown period has been completed and the USDC is available in the Withdraw Queue, the user can claim the withdrawal request.  The LP token will be burned and the USDC will be sent to the users.

**Note:** The price that the user gets for final conversion of LP Tokens to USDC is the lower of

* When the user creates the initial withdrawal request
* When the user claims the withdrawal request

### Contracts

* Vault Contract: 0x877bbA4238EF1DCA9BF574561da633049de3A334
* Vault Withdraw Queue Contract: 0x01D62CAE01b1df926c0a32EBe057374C4049C711


# ezETH Compound Loop Vault

The ezETH Compound Alpha Vault is designed to increase Ethereum-denominated returns using ezETH as the core asset. The vault deploys ezETH into the Compound protocol, where it is used as collateral to borrow WETH. Borrowed WETH is then converted back into ezETH and re-supplied, increasing overall exposure to ezETH staking and restaking rewards relative to the initial deposit.

Position management, debt levels, and risk controls are handled continuously by the Renzo Reserve OS. The system monitors loan-to-value (LTV) ratios and borrowing conditions in real time, leveraging the close price relationship between ezETH and WETH. If conditions change, the vault can rebalance or reduce leverage automatically to manage liquidation risk, allowing users to participate in the strategy without manual intervention.

### Key Benefits

1. **Amplified Yield on ETH:** Earn competitive and optimized returns on ETH exposure through ezETH & leveraged strategies.
2. **Hands-Off Execution:** All borrowing, looping, and position adjustments are handled automatically, removing the need for manual leverage management or active monitoring.
3. **Real-Time Risk Management:** LTV ratios, borrowing costs, and market conditions are continuously monitored, with automatic rebalancing or deleveraging when risk thresholds are reached.
4. **OnChain Transparency:** Strategy behaviour, risk parameters, and vault state remain verifiable publicly on the blockchain.

### Vault Details:&#x20;

* LP Token Symbol: ezCompETH1
* LP Token Name: ezETH Compound Alpha
* Fees: 20% Performance Fee (e.g. 20% of yield generated in ETH terms)
* Underlying Vault Asset: ETH (WETH)

### Operation Flow

* User deposits ETH into the vault
* Receipt tokens are minted to user as "ezCompETH1"
* The vault deposits ETH into the Renzo ezETH deposit manager
* ezETH is minted back to the vault
* The vault supplies the ezETH as collateral on Compound and takes on a WETH debt at a defined LTV
* The borrowed WETH is redeposited into Renzo and ezETH is minted again&#x20;
* Process is repeated till max leverage

<figure><img src="/files/vzEGL1KXMCjaZEvGqUK1" alt=""><figcaption></figcaption></figure>

### Contracts

* Vault Contract: 0xd1a85beAED6b5D2e61D3C50C4bD56e4E46133686
* ethDepositor: 0x45fEd80345757CE3B530effA4B8022Df3419CcCd
* CachedRateProvider: 0x4709ab91123f7Dbb4B6C4a02C94E855678404Fc7
* ezETHConversionStrategy: 0xEBB77A6a553646f81Eaf57429C8Fc004F9bBd86a
* ezETHValueStrategy: 0x35b5EBe66Dd7EF372F5C36B25A297863e1b0BD9E
* CompoundEzEthLoopStrategy: 0xD050D674bdd75A0398BE6b6ec87978cd6622F1BC&#x20;

### Deposits

* Visit  <https://app.renzoprotocol.com/reserve/ezCompETH1>
* Click Connect Wallet to link your EVM wallet.
* Confirm the amount of ezETH tokens and proceed to deposit.
* Approve and confirm the transaction on your wallet.
* Once the deposit is successful, you can view your ezCompETH1 on your wallet.

### Withdrawals

* Visit <https://app.renzoprotocol.com/reserve/ezCompETH1> and select withdraw.
* Enter the amount of vault shares ezCompETH1 that you would like to redeem. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

**Important Notes:**&#x20;

1. Estimated Withdrawal time is \~3 days. Withdrawal requests can be claimed from the "withdrawals" section below.
2. The price that the user gets for final conversion of LP Tokens to WETH is the lower of:

* When the user creates the initial withdrawal request
* When the user claims the withdrawal request

<br>

<figure><img src="/files/xgLJiAIirW0J75ch95zJ" alt=""><figcaption></figcaption></figure>


# Risk Disclosure

### Risks

* Smart Contract Risk: Potential vulnerabilities may exist within Renzo’s smart contracts as well as the underlying protocols integrated in the yield layer.
* Liquidation Risk: Using leverage increases the chance of liquidation; however, the products include built-in mechanisms designed to reduce this risk.

### Risk Mitigation

#### Smart Contract Audits

Renzo completed the smart contract audits for the USCC Vault - by Halborn as seen in the reports here:&#x20;

* Superstate vault audit report - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Superstate%20USCC-%20Vault%20Strategy%20_%20SSC.pdf>
* EVM managed vaults - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/EVM%20Managed%20Vaults.pdf>&#x20;

#### Liquidation Risk Mitigation

De-leveraging on Lending Markets will take this flow on volatile conditions:

* If the vault has a current borrow amount and the yield on USCC drops or the borrow rate spikes and the vault manager deems it unprofitable, the vault will de-lever the loan
* If required, the vault can withdraw USCC collateral from Aave Horizon
* USCC is redeemed from Superstate for USDC
* The USDC is used to pay off the loan
* The de-leverage loop flow can be executed multiple times if necessary
* If no active loan is left, any leftover USCC collateral will be withdrawn from Aave Horizon back into the vault

### User Responsibility

You ( "users" or "depositors") are solely responsible for evaluating and assuming all risks associated with participating in a Vault, including:

* Smart-contract vulnerabilities or exploits.
* Counter-party, liquidity, or slashing risks from integrated protocols.
* Market volatility impacting asset values or yields.

### Operational delays or withdrawal pauses implemented for risk management.

You should perform independent research, review the latest documentation, and only deposit assets you can afford to lose. You are also responsible for any tax, legal, or regulatory obligations related to your participation.

### No Warranties and Limitation of Liability

Vaults and related interfaces are provided “as is” and “as available.” Renzo and its affiliates make no representations or warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, or non-infringement.

To the fullest extent permitted by law, Renzo, its affiliates, contributors, and service providers are not liable for any losses, including loss of funds, profits, data, or goodwill, arising from participation in a Vault or reliance on information provided about a Vault.

### Updates and Modifications

Vault configurations, supported assets, and connected protocols may change at any time without prior notice. Users are encouraged to review the most recent version of these Disclosures and the relevant Vault documentation before depositing.

### Acknowledgment

By interacting with a Managed Vault, you confirm that you have read and understood these Vault Risk Disclosures and the Terms of Service, and that you accept full responsibility for any risks associated with participation.


# Terminologies

#### Overall Vault Health

Overall Vault Health reflects how safely the vault is operating relative to its risk limits.

#### Current Loan-to-Value (LTV) / Position LTV&#x20;

The Current LTV displays how much the vault has borrowed relative to the total value of its collateral.

For example, if the Current LTV in the vault is 70%, it simply means the vault has borrowed $70 for every $100 of collateral deposited.

As market conditions change, the Current LTV may move up or down. If it rises too close to the Maximum LTV, the vault may automatically reduce borrowing to help lower risk. If it falls well below the Target LTV, the vault may increase borrowing position to keep strategy efficient.

#### Effective Vault LTV

Effective Vault LTV shows how much the vault has borrowed relative to the vault’s total assets. It reflects the true leverage at the vault level, including non-leveraged assets and buffers.

#### Target LTV

The Target LTV is the borrowing ratio the vault is designed to maintain under normal market conditions.

It serves as the vault’s reference point for managing leverage. If the Current LTV rises above the Target LTV, the vault may reduce borrowing to lower risk and vice-versa.

#### Max Asset Utilization

Max Asset Utilization is the maximum percentage of total vault assets that can be deployed into a leverage strategy. The remaining portion stays unallocated to support liquidity, rebalancing, and risk management.

This helps ensure:

* Smoother withdrawals
* Lower liquidation risk
* Better operational flexibility

#### Maximum LTV

The Maximum LTV is the highest borrowing ratio the vault can safely reach. This limit comes from the external strategy the vault uses and is not set by the vault itself.

For example, if a strategy runs on a lending market where the collateral factor is 90%, the Maximum LTV for the vault on that market would also be 90%. This means the vault cannot safely borrow more than $90 for every $100 of collateral.

Because this limit is native to the external strategy, it may differ across markets.


# Enterprise

The Renzo Enterprise Suite is a gated, high-fidelity environment built for institutions requiring advanced control, customization, and operational oversight. It provides tailored configurations and white-labeled deployments designed to support professional capital management at scale.

Institutions using the Enterprise Suite benefit from enhanced monitoring, configurable workflows, and deeper system visibility, with execution remaining fully verifiable on-chain.


# Bridge

Renzo users can seamlessly bridge Renzo assets across multiple networks directly from the Renzo Dapp. Powered by Hyperlane, the Renzo Bridge selects the fastest routes and competitive rates available, allowing users to move assets between networks in just a few clicks.

### Getting started

* Visit the Renzo [Dapp](https://app.renzoprotocol.com/staking) and select "Bridge"

<figure><img src="/files/G2kbTlO3pk64iHty5Ljn" alt=""><figcaption></figcaption></figure>

* Connect your wallet, select token, source and destination networks

<figure><img src="/files/ugClXJSfna8nllbnh28M" alt="" width="262"><figcaption></figcaption></figure>

* Approve and sign transaction
* By default, your assets will be bridged directly to your own wallet, transferring from the source network to the destination network. However, if you’d like to send the assets to a different wallet, simply click the edit icon and enter the desired recipient address. If you’re bridging assets to your own wallet, you can skip this step entirely and keep the default (self) option.

<figure><img src="/files/LTgG5Medsc7Vhod8Sc6H" alt=""><figcaption></figcaption></figure>

* Once the bridge transaction is complete, you can view your asset on the destination network.


# Instant Withdrawals

Instant Withdrawals allow users to exit their ezETH position almost instantly, enabling better leverage, faster position management, and more efficient strategies. Users can request an instant withdrawal with a fee, bypassing the traditional unstaking cooling-down period.

<figure><img src="/files/ZaVdkvXRxgchfyfkmo3J" alt="" width="299"><figcaption></figcaption></figure>

### Benefits

* **More Options** – Choose between traditional withdrawals (with a better exchange rate) or instant withdrawals (with a fee) based on users' needs.
* **Enhanced Liquidity & Zero Downtime** – Eliminate long cooldown periods, ensuring assets remain liquid and productive. Capital is never sidelined, enabling seamless reallocation to high-yield opportunities.
* **Better DeFi Strategies** – Execute leverage adjustments, manage positions swiftly, and optimize yield strategies without delays.&#x20;
* **Reduced Peg Volatility** – By providing an alternative to DEXs, fewer swaps may result in less volatility on pools.

### Fees

With Instant Withdrawals, users can exit their ezETH position by paying a variable fee that changes based on the withdrawal buffer size. If a withdrawal would reduce the buffer below the minimum allowed threshold, the transaction will revert.

The contract determines the fee based on the following parameters:

* Minimum Fee (Basis Points)
* Maximum Fee (Basis Points)
* Minimum Withdraw Buffer Allowed

The contract calculates the fee percentage by:

* Measuring the buffer’s fullness before and after the withdrawal.&#x20;
* Mapping the change proportionally between the minimum and maximum fee values using a linear scale. A fuller buffer results in a lower fee, and vice versa.

### Error Handling

* If the protocol is paused, instant withdrawals will be disabled.
* Once slashing is enabled, Renzo will integrate Chaos Oracles (or similar safeguards) to prevent withdrawals if anomalies are detected.


# Withdrawals

Technical Summary

The withdrawal feature allows users to claim underlying collateral in exchange for their ezETH. The withdrawal process is managed by a contract called WithdrawQueue. This contract has two main configurable parameters:

1. Buffer Capacity: The amount of collateral available for withdrawal at any given time.
2. Cooldown Period: The time it takes for the value to be released to the user after initiating a withdrawal.

The WithdrawQueue contract holds the value that users can claim. When a user initiates a withdrawal, the ezETH gets locked in the WithdrawQueue contract which then gets burned at the time of claim in exchange for the underlying collateral asset.

Withdrawing funds involves multiple time delays:&#x20;

* Beacon chain exit time is between 9-10 days (see [Sweep Delay](https://www.validatorqueue.com/))
  * This is a result of Ethereum network conditions
* EigenLayer’s minimum withdrawal delay is set to 14 days
  * This is to protect restakers from malicious actors attempting to front-run slashing events
* Renzo’s WithdrawQueue buffer delay is set to 3 days
  * This is based on security recommendations via our partners and auditors

If the WithdrawalQueue buffer has assets, the expected wait time is **7 days** and if empty, the expected wait time is between **10-15 days**

Safety around the withdrawal feature is critical and of the utmost importance, as it involves the movement of actual value out of the protocol. The Renzo team has been hard at work ensuring that the contracts are safe. View our audits here: [`https://docs.renzoprotocol.com/docs/security/audits`](https://docs.renzoprotocol.com/docs/security/audits)


# Withdrawal Flow

The WithdrawQueue contract is regularly furnished with funds sufficient to accommodate users' withdrawal demand.

These funds are routed through the RestakeManager contract which receives them via the following sources:

1a. Ethereum staking rewards & EigenLayer restaking rewards\
1b. User deposited funds\
1c. Ethereum Beacon Chain validator exits

As the RestakeManager receives these funds, it performs a check and routes them to one of two places:

2. To the WithdrawQueue if buffers have not been filled — supplying funds for future withdrawals
3. To the DepositQueue if buffers have been filled — sending funds back into the protocol (auto-compounding)

<figure><img src="/files/DUerhIbUk5MQEGkCn5m6" alt=""><figcaption></figcaption></figure>


# Tutorial

1. Visit the Dapp staking page - [here](https://app.renzoprotocol.com/ezeth?fromToken=0xbf5495Efe5DB9ce00f80364C8B423567e58d2110\&toToken=0x0000000000000000000000000000000000000000\&instantWithdraw=false)
2. Toggle between the “Instant” or normal "withdraw" feature

<figure><img src="/files/MiDATkS7LP8A6PYILJZt" alt="" width="299"><figcaption></figcaption></figure>

“Withdraw” could take up to 15 days cooldown period whereas “Instant” settles in seconds.

3. Select the collateral asset you’d like to withdraw and input amount you wish to withdraw
4. Review the transaction, and approve.
5. View your withdrawal status at the bottom of the page and proceed to claim once collateral is ready.

<figure><img src="/files/EFUrzTbgsMAxTwZRpQdz" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
***For faster withdrawals, simply use the instant withdrawal feature***. [more info](https://docs.renzoprotocol.com/docs/product/withdrawals/instant-withdrawals)
{% endhint %}


# Basic Info

<figure><img src="/files/PVOpSUAr8oWq0XfB1unn" alt=""><figcaption></figcaption></figure>

$REZ is Renzo's native governance token. It empowers community members to actively shape the protocol's future.

* Name: REZ
* Total (Max) Supply: 10,000,000,000
* Circulating Supply: <https://coinmarketcap.com/currencies/renzo/>&#x20;
* Decimals: 18
* Token Contract
  * Ethereum: [`0x3B50805453023a91a8bf641e279401a0b23FA6F9`](https://etherscan.io/token/0x3B50805453023a91a8bf641e279401a0b23FA6F9)
  * Base: [`0xf757c9804cF2EE8d8Ed64e0A8936293Fe43a7252`](https://basescan.org/token/0xf757c9804cf2ee8d8ed64e0a8936293fe43a7252)
  * Solana: [`3DK98MXPz8TRuim7rfQnebSLpA7VSoc79Bgiee1m4Zw5`](https://solscan.io/token/3DK98MXPz8TRuim7rfQnebSLpA7VSoc79Bgiee1m4Zw5)


# Tokenomics

### REZ **Tokenomics and Vesting Schedule**

<figure><img src="/files/PVOpSUAr8oWq0XfB1unn" alt=""><figcaption></figcaption></figure>

### Tokenomics

Ticker: REZ

Contract: [0x3B50805453023a91a8bf641e279401a0b23FA6F9](https://etherscan.io/token/0x3b50805453023a91a8bf641e279401a0b23fa6f9)

Total Supply: 10,000,000,000

Initial Circulating Supply: 1,150,000,000

1. Fundraising: 31.56%
   1. The Fundraise allocation represents token rights obtained by investors backing Renzo’s early development
   2. Investor tokens are subject to a total 2 year lock - 1 year cliff followed by 10% unlock and 1 year linear monthly vesting thereafter
2. Community: 32%
   1. Allocated to developing and supporting the growth of the Renzo ecosystem
   2. The first 7% represents the portion of REZ distributed to Renzo users for Season 1 of the ezPoints Campaign
   3. The remainder of the allocation will be used for various community campaigns, including 5% allocated towards the upcoming second season of the incentives campaign, as well as various cross-chain initiatives, etc.
3. Core Contributors: 20%
   1. This portion of the REZ allocation represents the distribution to the Renzo Labs team and advisors who have worked on the protocol to bring ezETH to market.
   2. All core contributors are locked on a 1-year cliff with 2-year linear monthly vesting thereafter.  No core contributor tokens are unlocked before the 1 year cliff.
4. Foundation: 12.44%
   1. The Foundation allocation will be used to fund initiatives that widen the reach of ezETH, such as: further development, risk assessments and audits
5. Binance Launch Pool: 2.5%
6. Liquidity: 1.5%
   1. Liquidity campaigns, exchange (CEX & DEX) partnerships and market makers

### **REZ Utility** <a href="#heading-rez-utility" id="heading-rez-utility"></a>

REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:

1. General risk management frameworks
2. Deposits, collateral assets, and concentration amounts
3. Operator whitelisting
4. Actively Validated Services (AVS) whitelisting
5. Treasury and community grants


# Governance

Renzo is a decentralized protocol that is governed by holders and delegates of REZ. Governance allows the community to propose, vote, and implement changes to the protocol. Members propose, discuss, vote on, and implement changes, decreasing the reliance on any centralized individual or team.

Upon the initial release of governance, a proposal must follow the guidelines outlined in further sections to pass. These guidelines may be updated over time as governance may choose to adjust them. Renzo Proposals can be created and submitted for on-chain voting by whitelisted wallets, with the next phase of governance empowering any $REZ community member to submit proposals. Though not mandatory, it is highly recommended that a discussion post is created prior to the proposal being submitted on chain.


# Discussion

The first step in the governance process is the discussion phase. The discussion phase is open to anyone and can be found at <https://gov.renzoprotocol.com/>.

This phase serves as the foundation for informed decision-making, allowing community members to propose ideas, debate their merits, and refine proposals before they move to a formal voting stage. The discussion phase typically unfolds in the following way:

1. Idea generation: Community members brainstorm and develop ideas that could improve the Renzo protocol.
2. Initial submission: An initial proposal is drafted and shared on the Renzo discourse group. This draft includes detailed information about the proposed change, its rationale, potential benefits, and any associated risks.
3. Community engagement: Once a proposal is submitted, it is open for discussion. All token holders and stakeholders are encouraged to participate.
4. Feedback and debate: Community members provide feedback, ask questions, and debate the merits of the proposal. This open dialogue helps identify strengths and weaknesses, allowing for a thorough evaluation.
5. Revisions: Based on the feedback received, the proposal’s author can make revisions to address concerns and clarify certain points.
6. Final draft: After revisions, the proposal is updated to a final draft. This version reflects the collective input of the previous stages and is typically more polished.
7. Readiness check: The final draft undergoes a readiness check to ensure it meets all necessary criteria and guidelines for moving to the voting phase.

The discussion phase will last five days upon the initial release of governance, but may be updated in the future.


# Voting

The second step in the governance process is the voting phase. Voting is open to any eligible $REZ holder and is currently held on [Snapshot](https://snapshot.box/#/s:renzogovernance.eth).

This phase follows the discussion phase and ensures that decisions reflect the collective will of the community. The following is a general overview of the voting process:

1. **Final proposal submission**: After a proposal has been refined and finalized during the discussion phase, it is officially submitted for voting. The final draft is made available for review by all voting members on Renzo’s voting page.
2. **Voting period announcement**: The protocol announces the start and end dates of the voting period. Upon the initial release of governance, the voting period will last five days and be subject to future upgrades.
3. **Voting eligibility**: To vote, $REZ token holders must have voting power to participate in the vote. Current REZ Voting Power instances include:\
   (a) REZ holders who have delegated: either to themselves or to another delegate. A list of official delegates are available on the governance page.\
   (b) Legacy REZ staking contract, i.e. REZ holders who previously staked their tokens in this [contract](https://etherscan.io/token/0x3B50805453023a91a8bf641e279401a0b23FA6F9?a=0x1736011d3e075351b319dbc1da28dac68ea830a6).\
   (c) ezREZ token holders.\
   Note: Staked REZ and ezREZ are automatically self-delegated. If you’re just holding REZ in your wallet, you’ll need to manually delegate it to yourself or someone else to be eligible to vote.
4. **Casting votes**: Token holders with voting power can cast their votes. Depending on the REZ instance, votes are weighted on a linear basis.
5. **Delegated voting**: Some token holders may choose to delegate their voting power to trusted delegates who vote on their behalf. This allows for more efficient decision-making while still reflecting the preferences of the broader community. While there is a list of official delegates available on the governance page, users can also simply delegate to any address of their choice.
6. **Vote tallying**: As votes are cast, they are securely recorded and tallied. Votes may be cast in favor or against a proposal. Voters may also choose to abstain from voting, providing more votes to reach the quorum requirement.
7. **Quorum requirements**: Renzo has a quorum requirement, which is the minimum amount of votes required to successfully pass a vote proposal. **Current quorum threshold is 100,000,000 REZ**, subject to increase with future proposals as the circulating supply increases.
8. **Majority threshold**: Upon the initial release of governance, proposals require a majority of at least 50% + 1 vote to pass, subject to change with future governance proposals.

Result announcement: Once the voting period ends, the results are announced.


# DeFi

To view the latest supported DeFi integrations for Renzo assets, please visit <https://app.renzoprotocol.com/defi>


# L2 Native Restaking

### Overview

Renzo now enables native restaking on leading Layer 2 networks, beginning with Arbitrum and Base, with further expansion planned. Users can seamlessly deposit ETH, wETH, and wstETH on these L2s and receive ezETH using Renzo’s custom canonical bridge. This streamlined approach enhances liquidity, improves accessibility, and removes the challenges of conventional restaking and bridging.

Renzo's integration with Hyperlane, and Chainlink facilitates true cross-chain Native Restaking, ensuring a seamless user experience. This collaboration brings Renzo cross-chain Native Restaking to layer 2 networks. Renzo uses the industry-standard decentralized oracle Chainlink as its primary oracle, which provides highly secure and reliable, tamper-resistant data feeds. Chainlink oracles are used across various networks, including Ethereum, Linea, Base, Arbitrum, and OP Mainnet, to price stETH on deposits and to feed prices to all our L2 deployments.

### Benefits

* **Simplified User Experience**: Native restaking eliminates the complexities associated with managing bridge transactions and fees, offering users a streamlined and user-friendly restaking experience.
* **Lower Transaction Costs**: By restaking directly from layer 2 networks or EVM-compatible layer 1 chains, users benefit from significantly lower transaction costs compared to traditional Ethereum mainnet transactions, enhancing accessibility and participation.

### Technical Details

* There is a 7-day canonical bridge proof wait to verify that the ETH was burned on the L2.
* Renzo collects a bridge fee and a variable time discount fee to compensate for the lost interest during this period, as the deposited asset is not actively restaked.&#x20;
* Gas fees and bridge proof costs are generally high, but Renzo streamlines and optimizes this process by batching transactions every 12 hours or whenever total deposits on a given chain reach 32 ETH. Additionally, a verification check runs every hour on each chain.

### Cost Breakdown

| Gas to run Tx | Bridge Fee           | Time Discount Fee |
| ------------- | -------------------- | ----------------- |
| Variable      | Up to 5 basis points | Variable%         |

* Up to 5 basis points (bps) for the bridge fee and a variable time discount fee for lost interest during the bridge transaction.
* The bridge fee is **5 bps for deposits up to 32 ETH**, with a maximum cap at that amount. This fee structure applies to all deposit assets, and the rate decreases beyond the 32 ETH threshold. Examples:
  * 1 ETH: 0.0005 ETH fee (5 bps)
  * 32 ETH: 0.0016 fee (5 bps)
  * 64 ETH: 0.0016 fee (capped at the 32 ETH threshold, effectively 2.5 bps for this deposit)
* Additionally, **a variable time discount fee** accounts for lost interest during the bridge transaction. This fee is based on staking yields and varies by asset Currently set to:
  * **9 bps** for **ETH** and **WETH**
  * **4 bps** for **wstETH**
* Renzo can adjust the discount fee/variable fee as needed.

### Restake Now!

Experience seamless and cost-efficient native cross-chain restaking on Renzo:\
<https://app.renzoprotocol.com/restaking><br>


# APY Calculations

**APY** (Annual Percentage Yield) reflects the annualized return with compounding factored in. This is particularly useful for restaking, as Renzo auto-compounds rewards received from both staking and restaking, allowing users to save on gas fees and receive additional rewards.

1. **Auto-compounding**
   * Staking and restaking rewards are automatically redeposited into the protocol, increasing the amount of collateral a user is able to claim without increasing the supply of the asset. Thus, the price of the asset increases as rewards are harvested. No manual claiming is required.
2. **Determining APY**

* The APY displayed in the app is calculated directly from the asset’s price change over a trailing observation window (default **30 days**) and annualized:

&#x20;`APY = (1 + (Δprice / starting price))^(365 / days) - 1`

* **Δprice** = current price – starting price
* **Starting price** = price at the beginning of the window
* **Days** = number of days in the look-back period (defaults to 30)


# Understanding Liquid Restaking

For clarity and brevity, this section will focus only on ezETH (Eigenlayer) to explain Liquid Restaking

Renzo is a liquid derivative platform built on EigenLayer. It serves as the interface to the EigenLayer ecosystem by securing Autonomous Verifiable Services (AVSs) and offering a higher yield than conventional ETH staking.

For every LST or ETH deposited on Renzo, it mints an equivalent amount of ezETH.

Find more info on [ezETH](/docs/products/staking-suite/ezeth) here

How it works:

<figure><img src="/files/3up6qZwg81srNSO45E7W" alt=""><figcaption></figcaption></figure>

Renzo is built to be primary on-ramp / off-ramp for Ethereum restaking, using a combination of smart contracts and operator nodes to secure the best risk / reward restaking strategy.

<figure><img src="/files/rK7qUzXryGVkQYGvZXbE" alt=""><figcaption></figcaption></figure>

### **What are Restaking Strategies?**

AVS in Eigenlayer are decentralized services that will inherit Ethereum's security via EigenLayer.

A restaking strategy is a unique position where the user decides to secure one of the many AVS or a combination of them.

The number of strategies possible for securing an activity increases with the number of AVSs. Each AVS presents a unique entry point for rewards and relevant slashing risks, and the more AVS you have, the more diverse strategies are possible to secure them effectively.

To quantify, the number of possible strategies is expressed with the equation:

$$
\sum\_{k=1}^{n} {^n C\_k}
$$

This formula considers all possible combinations of securing AVS, from securing one to securing all AVS.

Consider a scenario with just 3 AVS - A, B, C. Number of strategies possible are

1. *AVS A: Securing only AVS A*
2. *AVS B: Securing only AVS B*&#x20;
3. *AVS C: Securing only AVS C*&#x20;
4. *AVS A and AVS B: Securing both AVS A and AVS B together*
5. *AVS A and AVS C: Securing both AVS A and AVS C together*&#x20;
6. *AVS B and AVS C: Securing both AVS B and AVS C together*&#x20;
7. *AVS A, AVS B, and AVS C: Securing all three AVS simultaneously*

In this scenario, there are 7 different strategies to secure the activity, based on whether you secure each individual AVS or their combinations.

We will also get 7 if we apply the above equation.

Now, as the number of AVS increases so will the number of strategies. In fact, this increases exponentially,

At 15 AVS we will have **32,767** strategies possible. As you can imagine, evaluating the right combination of AVS while optimizing for risk-reward and actively managing these positions gets more tenuous as more AVS join the network.


# Understanding EigenLayer

Eigenlayer makes it easy for innovators to collaborate with Ethereum's stakers and node operators. It enables multiple parties who do not trust each other to work together and create something meaningful.

Eigenlayer essentially grants a simple way to utilize Ethereum's 'decentralized trust' module, which promotes open innovation. This eliminates the need for protocols to develop their validator set and allows them to access Ethereum's computing and financial resources easily.

[Ecosystem](/docs/restaking-ecosystems/understanding-eigenlayer/ecosystem)

[Autonomous Verifiable Services](/docs/restaking-ecosystems/understanding-eigenlayer/autonomous-verifiable-services)

[Operators](/docs/restaking-ecosystems/understanding-eigenlayer/operators)

[EigenLayer Whitepaper](https://2039955362-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPy2Kmkwju3mPSo9jrKKt%2Fuploads%2F9tExk4U2OdiRKGEsUWqW%2FEigenLayer_WhitePaper.pdf?alt=media\&token=c20ac4bd-badd-4826-9fb6-492923741c9e)


# Ecosystem

EigenLayer has 4 main components in the ecosystem:

1. **Autonomous Verifiable Services,&#x20;*****formerly called Active Validated Services*****&#x20; (AVS):** AVS in Eigenlayer are decentralized services that will inherit Ethereum's security via EigenLayer. These services can support various networks, like sidechains, data layers, and more. Eigenlayer enhances security by using Ethereum's pooled resources for activities such as middleware services, block building and transaction ordering, opening doors for innovation in areas like MEV and PBS.
2. **Ethereum Stakers:** Ethereum stakers in Eigenlayer can secure multiple networks by restaking their ETH. This means they can use their existing capital to support multiple networks through smart contracts. While this offers additional yields, it also poses a risk of slashing if stakers fail to meet the conditions set by the services they choose to support.
3. **Node Operators:** Node operators in Eigenlayer provide computational resources to securely run various services, including decentralized applications (DA), oracles, and bridges. These operators have the freedom to choose the services they work for and implement the recommendations provided by the AVS.&#x20;
4. **Eigenlayer Protocol:** The Eigenlayer protocol consists of Ethereum smart contracts that facilitate trustless collaboration between stakers, node operators, and services. These contracts allow users to restake their assets, delegate them to node operators, and interact with on-chain service modules. Service modules have preset conditions for rewards and slashing to ensure smooth interactions between operators and services.


# Operators

The [EigenLayer](https://www.eigenlayer.xyz/) ecosystem allows Ethereum validators to restake their ETH and provide services to the network, such as a Data Availability Layer with a particular type of node software called [Autonomous Verifiable Services](https://docs.eigenlayer.xyz/eigenlayer/overview/key-terms).<br>

Eigenlayer Operators act as AVS nodes by opting into validating AVSs by running their AVS software. An AVS Node is a node that runs the AVS software as an Eigenlayer Operator. <br>

Renzo operator nodes are professional staking providers who can ensure the safety of funds belonging to the protocol users and the correctness of restaking operations.<br>

The protocol distributes the pooled LSTs between all active Node Operators depending on weights associated with each Operator.  This way a determined risk/reward can be set to allow optimum return based on calculated risk.


# ezAuctions

Restaking Auctions

### Introduction

Renzo Restaking Auction (ezAuctions) is a sophisticated rewards redemption mechanism adopted by the Renzo protocol to efficiently convert non-ETH tokens from EigenLayer AVS rewards into ETH. By consistently leveraging these auctions, Renzo minimizes slippage and delivers greater value to users, turning ERC-20 rewards into ETH that’s ready for auto-compounding. &#x20;

### Why Use Auctions:

The conventional “click and claim” approach has proven inefficient, draining users with high gas costs, tedious reward tracking, and the risk of losing track as more ERC-20 tokens flow in from AVS rewards.

Worse still, the economics often break: when the cost to claim, redeem, and compound an AVS token outweighs its reward value, the user’s yield suffers. Spacing out claims doesn’t help either as delayed redemptions further erode returns.

To solve this inefficiency, Renzo adopted a weekly Auction mechanism followed by auto-compounding the auctioned rewards (now in ETH) back into ezETH for seamless, yield-friendly restaking.

**Renzo’s Restaking Auctions (ezAuctions) offer a sophisticated alternative to market selling rewards, thus giving ezETH holders:**

1. Efficient token conversion to ETH with reduced slippage.
2. Competitive access to non-ETH reward tokens.

A streamlined, predictable process for optimizing staking rewards in ezETH and auto-compounding them.

### Mechanism

Every Tuesday at approximately 5:00 PM EST, EigenLayer rewards are claimed through Renzo Protocol. Included in the rewards are ERC-20 tokens which are not accepted as collateral in ezETH. These reward tokens are then sent into an auction contract and offered up for sale to anyone on the Ethereum network.

**Auction Parameters:**

Each auction has clearly defined parameters for ease and transparency:

* **Epoch ID:** The auction’s unique identifier.
* **Payment Token:** The token type required from bidders (e.g., WETH).
* **Init Price:** The initial auction price, based on token value.
* **Start Time:** Timestamp marking auction start.
* **Epoch Period:** Total auction duration; price decreases until this period ends.

The auction will have a starting price that is higher than the value of the tokens being auctioned off (\~ 2X of current price) and the price will linearly decrease over 5 days until someone decides to purchase the assets in the auction (approximately 20% decrease in price per day). Auction winners will purchase all of the tokens in the contract that are being offered for sale.\
\
**How to Participate:**

Once the auction is live, anyone can query the auction via a “getPrice()” function call to see how much it would cost to buy the assets held in the auction, priced in the Payment Token.

Once a bidder would like to purchase the auction assets, they will submit a transaction to the auction contract "buy()”. Before this transaction, they must approve the auction contract to transfer the appropriate amount of payment tokens from their wallet.

**In this function call, Bidders shall specify:**

* Assets - Assets they would like to purchase. This should include all ERC-20 token addresses that are being auctioned. If a specific token should not be claimed (e.g. due to regulatory/etc reasons) the bidder can leave this token out of the list.
* Asset Receiver - Receiving address where tokens should be sent.
* Epoch ID - Current auction ID
* Deadline - Timestamp where the bid will no longer be valid after
* Max payment amount - This must be greater than the auction current price. If a few seconds elapse between the bid being sent and being confirmed, the lower current price of the auction will be used.

When a bid is confirmed on the smart contract, the payment tokens will be transferred out of the bidder’s wallet, and the balance of all token assets held in the smart contract will be sent to the bidder’s Asset Receiver address specified.&#x20;

At this point, the current auction will end and no other bids are accepted until a new auction is started after the next reward claim from EigenLayer.\
\
**Renzo Auctions Contract:** <https://etherscan.io/address/0x31E5b1750b872542af1848D62464e2936A387453>&#x20;

\ <br>


# Autonomous Verifiable Services

Formerly called Active Validated Services (AVSs)

Several protocols have already expressed interest in joining the Eigenlayer AVS ecosystem. Let's take a closer look at some of the prominent AVSs.

* **EigenDA**: This AVS is being developed by EigenLabs. It focuses on hyperscale data availability for any execution layer. EigenDA is designed to scale with each added node, which helps to reduce the overall load from Eigenlayer Node operators. Notable EigenDA adopters include Celo, Mantle, Fluent and more.
* **Espresso Systems:** Creating a shared sequencer that enables rollup decentralization, improved interoperability, and a scalable DA layer. Espresso captures value through cross-rollup MEV. The project is backed by Yale's Ben Fisch and investors like Greylock and Sequoia.
* **Lagrange:** Known for ZK-powered cross-chain messaging using state committee, leveraging EigenLayer restaking for dynamic scaling of state proof security.
* **Omni Network:** It is an L1 built using Cosmos SDK for cross-rollup messaging. It provides cheaper transaction fees and fast-finality. They are supported by a Harvard-origin team and investors such as Pantera.
* **Blockless:** Delivers ZK verifiable serverless functions, optimizing decentralized applications. It uses EigenLayer to secure transaction consensus.
* **Hyperlane:** Employs EigenLayer to safeguard interchain application developers' messages from Ethereum using restaked economic security.

***To see an up-to-date list of AVSs, kindly head over to the*** [Eigenlayer Dapp](https://app.eigenlayer.xyz/avs)


# How We Do It

Renzo Protocol is a layer over EigenLayer that users can interact with to abstract away the complexities of the protocol.

The smart contracts are set up in a way to allow delegation to multiple Operators in EigenLayer and also allow users to deposit Native ETH and LSTs.

**Depositing and Delegation**

When a user deposits native ETH, it is staked via an Ethereum Beacon chain validator node.  The native ETH is held in the DepositQueue contract until the 32 ETH minimum is met.  Once the minimum is met, the ETH is sent directly to the Beacon Chain Deposit Contract and the withdrawal credentials are pointed at the EigenPod in EigenLayer.  This allows the ETH to earn staking rewards and also contribute to securing AVSs in EigenLayer, as shutting down the validator node would give the EigenPod the ability to withhold some of the ETH in case a slashing event occurred.  The deposited ETH earns both Ethereum validator rewards and EigenLayer AVS rewards for the protocol.

**Upgradability**

The EigenLayer protocol is currently in active development and interfaces are expected to change over time.  In order to support these changes, the Renzo Protocol smart contracts are upgradeable via proxy contracts.  The upgrade permissions are gated by a protocol multisig contract.


# Understanding Symbiotic

Symbiotic is a shared security protocol that enables permissionless restaking. [pzETH](/docs/products/staking-suite/pzeth) serves as the Renzo user's gateway to the Symbiotic ecosystem.

For a more in-depth understanding of Symbiotic, please refer to the official documentation available here: <https://docs.symbiotic.fi/>


# Ecosystem

There are 3 key components in the Symbiotic Ecosystem:

1. **Stakers** - Entities looking to earn rewards by providing their assets as a stake through vault deposits. They can be individual token holders, institutions, or liquid (re)staking protocols. Stakers deposit funds into specialized smart contracts (vaults) managed by curators who handle delegation decisions.
2. **Networks** - Systems that need economic security to operate safely. These can be Layer 1 blockchains, Layer 2 solutions, or other decentralized systems that require stake-based security guarantees.
3. **Operators** - Professional entities that maintain network infrastructure by running validators, nodes, or other required systems. They receive stake allocations to perform their duties and are responsible for network operations.


# Networks

In Symbiotic, networks are defined as any protocol that requires a decentralized infrastructure network to deliver a service in the crypto economy and need economic security to operate safely. These can be Layer 1 blockchains, Layer 2 solutions, or other decentralized systems that require stake-based security guarantees.

Here’s an overview of a few key networks in Symbiotic:<br>

1. **Ditto Network:** Ditto Network is a composable execution layer designed to run event-driven automations. By leveraging shared security, Ditto ensures trustless, reliable execution of workflows across EVM-compatible chains. Developers can use Ditto to automate complex processes, such as liquidation protection, cross-chain asset swaps, and yield farming strategies, unlocking new possibilities for decentralized applications and AI-driven agents.<br>
2. **Tanssi Network:** Tanssi empowers developers to deploy sovereign, customizable appchains anchored by Ethereum-grade security, eliminating traditional infrastructure complexities. Purpose-built for demanding applications like Real-World Assets (RWAs), stablecoins, and advanced coordination protocols, Tanssi delivers a complete, production-ready environment through decentralized, automated orchestration. This includes everything from validator management and rotating sequencers to integrated RPCs, indexers, and explorers—all provisioned out-of-the-box.<br>
3. **Capx Cloud:** Capx Cloud is a decentralized infrastructure network, designed to support the deployment and scaling of tokenized AI applications. Leveraging Symbiotic's robust operator framework, Capx Cloud provides scalable, cost-effective, and secure compute solutions for AI workloads while ensuring crypto-economic security through operator staking and decentralized governance.<br>
4. **Kalypso:** Kalypso is a circuit-agnostic ZK proof marketplace enabling users to outsource generation of ZK proofs to sophisticated hardware providers. It leverages TEEs to support circuits with private inputs. The orderbook-based matching engine allows users to tailor their proof requests by prioritizing either response time or cost efficiency, offering flexibility to meet diverse needs.


# Understanding Jito Restaking

Jito Restaking protocol is a shared security protocol that enables permissionless restaking. [ezSOL](/docs/products/staking-suite/ezsol) serves as the Renzo user's gateway to the Jito ecosystem.&#x20;

For a more in-depth understanding of Jito Restaking, please visit the website here: <https://www.jito.network/restaking/learn/>


# VRTs

This section explains Vault Receipt Tokens (VRTs)

Vault Receipt Tokens (VRTs) are synthetic tokens that represent a user's restaking position, providing an added layer of optionality and risk management. Unlike traditional staking, VRT providers can choose the risk profiles of the [Node Consensus Networks](https://www.jito.network/blog/understanding-node-consensus-networks/) (NCNs) they support, allowing for a more comprehensive risk management framework. \
\
In the Renzo ecosystem, **ezSOL** serves as a VRT reflecting a user’s restaked position within the Jito Restaking protocol. Other VRT examples include **bzSOL** and **ezJTO.**&#x20;


# Operators

In Jito Restaking, Node operators are entities that run and maintain the infrastructure necessary to support NCNs. They are also responsible for validating transactions, maintaining network security, and ensuring the smooth operation of their respective NCNs.\
\
Through restaking, operators can choose to support multiple networks and vault managers. The vault delegates to an operator which in turn secures Node Consensus Networks (NCNs). &#x20;

VRTs represents a user's share in the vault. To learn more, kindly visit the [Jito official documentation](https://www.jito.network/docs/restaking/core-concepts/operator/#what-is-an-operator).


# NCNs

This section explains Node Consensus Networks (NCNs)

NCNs are protocols that utilize a distributed process to validate and confirm information. These networks manage a collection of nodes that work together to verify actions, transactions, and other types of information. Put simply, any system that aims to establish a decentralized network can be considered an NCN.&#x20;

They include but not limited to: Blockchains, Solver networks, Cross-chain bridges, Oracle networks, and many more solutions which leverage a distributed process to validate and confirm information.

### Tip Router NCN

The Jito Network’s TipRouter NCN is an **ideal example** of a project leveraging restaking to decentralize and secure a key cog of its infrastructure stack. It is an on-chain system that decentralizes how MEV tips are distributed by shifting authority from a single block producer to a consensus-driven validator set.&#x20;

Validators vote on a Merkle root of all tips collected, and once quorum is reached, rewards are unlocked and routed to vaults. This system enhances **transparency, fairness**, and **programmability**, ensuring rewards flow directly to stakeholders which includes **ezSOL stakers.**&#x20;

<figure><img src="/files/GCRu6HU6pQDHNgFRnTd7" alt=""><figcaption></figcaption></figure>

For a detailed overview of NCNs, please refer to the official Jito blog [here](https://www.jito.network/blog/what-is-jito-tiprouter/).


# Renzo Strategic Incentives

Post Season 4 incentives AKA Renzo Reward Program

With the passing of [RP-4](https://snapshot.box/#/s:renzogovernance.eth/proposal/0x1c11d4885b482e48a7ddbe8dfd820280095507384acd03f6f9439f1adf1a2bf1), the ezPoints program is officially sunset, welcoming the new strategic incentive program dubbed Renzo Rewards.

The new strategic incentive program outlined in RP-4 is now the Renzo Rewards program. The goal of Renzo Rewards is to directly incentivize key integrations that contribute to the growth of the Renzo ecosystem versus more broadly applied and slower received points incentives.

### ezPoint Program Sunset

The snapshot for Season 4 was taken on March 31st, 2025, and announced on Renzo's official social media channels. In line with RP-4, ezPoints balances were frozen as of the snapshot, and totals can be viewed on the Renzo Portfolio page. Users can still view their points until the Season 4 claim closes.

### Renzo Rewards Program

Renzo Rewards will distribute REZ directly to selected protocols to reward users based on clear participation criteria. Users can claim their rewards on the respective integration partner’s interface, in real-time in some cases. No waiting, no points, no games, just Renzo Rewards for using Renzo products. To find the latest integrations that are being included in Renzo Rewards program, please refer to Renzo’s official channels.

REZ incentives distributed to each integration and protocol will be periodically evaluated and may be adjusted to match the proposal’s goals. New integrations and incentives under the Renzo Rewards program will be announced on Renzo's official channels.

The Foundation may also incentivize additional pools based on what's best for the Renzo community. These terms might change based on community feedback and discussions, which are welcome in our Discord.


# Season 4 Claims

### ezPoints Season 4 Overview

Duration and Allocation:

* Timeframe: December 1, 2024 – March 31, 2025
* Allocation: 50,000,000 $REZ tokens

Eligibility and Claim Details:

* Eligible Wallets: 8,529 wallets
* Eligibility: 4,703 Season 4 ezPoints
* Vesting: No vesting period
* Claim Period: Apr 30, 2025 to May 30, 2025
* Network: Claims are conducted on the Base network

### How to Claim Your $REZ

Eligible users can claim tokens by following these steps:

1\. Visit <https://claim.renzoprotocol.com&#x20>;

2\. Connect your wallet to check your eligibility and $REZ allocation.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXf-Djv_wmW92oZAQkNQ6Ix2pKku6UnbnDDMHwgbfDK2hjvFcAHzWZGundnJh8mSP7F_03cLSuQWZ4n2Zpexc37BQirsvHEBfKqY20_TWnlB6Qa0w5c8ehNmDprXNwDT8s2q9NNNVw?key=qupYzBd0or2IYlh90fJfAGNZ)

3\. Click the “Claim on Base” button to visit the claim page on [Liquifi](https://renzo.liquifi.finance/).

<div align="left"><figure><img src="/files/SdUjcbkkpgddfgQaLAZV" alt="" width="375"><figcaption></figcaption></figure></div>

4\. Connect your wallet on Liquifi to claim your $REZ allocation on the Base network.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXeY5weFbsSTVkQ7zrMdY5O5bv_m28-5J7N6LJVCL04Z5AK35N6y_-3OSCvpl4USJ1rOysU1UVJEsyNHHK8ge_JaMWNFveL83n2wP8DcozM3AqI4-e-Zh8cjcZ2TznfGMufJ_jLX?key=qupYzBd0or2IYlh90fJfAGNZ)

### Restake your $REZ with $ezREZ

Now that you have claimed your $REZ, you can restake your $REZ with $ezREZ. $ezREZ is the liquid restaking token of $REZ, enabling users to restake their $REZ tokens and earn autocompounding rewards. Here’s how to get $ezREZ:

1. First, you need to bridge your $REZ from Base to the Ethereum network on Renzo bridge: [https://app.renzoprotocol.com/bridge?fromChainId=8453\&token=REZ\&toChainId=1<br>](https://app.renzoprotocol.com/bridge?fromChainId=8453\&token=REZ\&toChainId=1)If you already have your $REZ on the Ethereum network, you can skip to step 4.
2. Connect your Base wallet, and enter the $REZ amount you want to bridge.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd6ENHM8iwqc9smF5sSZHrRVaMuPOrjoYv-Ho3W9X8nfzwTGh6LflTONpXFxLCZTZWHEQR4kOHPVY01PoNY97MkKqiI9bI7CR_lqVhg7PeTaIjj5JmPzs4jCdqbTc03FDW_4stl?key=qupYzBd0or2IYlh90fJfAGNZ)

3. Review the bridge transaction, and proceed. Wait until the transaction is finalized, and you can track the transaction progress on the bottom page.
4. Once you have your $REZ on the Ethereum network, visit <https://app.renzoprotocol.com/ezrez>
5. Connect your Ethereum wallet, and enter the amount of $REZ tokens that you would like to deposit.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXey_IbPZJsHDEb3ACPcON5DE9gduYcrOWKY6kG5pIu7Ka7wusb2b78vw_kAk603biqZjq5Bkbk0OzA0sIeprjfrF5jQZ8rHc7AFvPFiuGzq2cQZzvMqtx-2qeq_2jZE_2fi4xI53A?key=qupYzBd0or2IYlh90fJfAGNZ)

6. Confirm the amount and proceed to deposit.

Once the deposit is successful, you receive $ezREZ, representing your restaked $REZ amount.


# Renzo ezPoints (Closed)

### Renzo ezPoints Program has been Sunset

Renzo ezPoints began December 18, 2023, and concluded successfully on April 28, 2025.&#x20;

Upon the passing of Renzo DAO governance proposal [RP-4](https://snapshot.box/#/s:renzogovernance.eth/proposal/0x1c11d4885b482e48a7ddbe8dfd820280095507384acd03f6f9439f1adf1a2bf1), the Renzo ezPoints program has been sunset in favor of a new incentive program: Renzo Rewards. Renzo Rewards will incentivize strategic integrations with REZ, which can be claimed immediately.

Follow Renzo on [X](https://x.com/RenzoProtocol) and [Discord](https://discord.com/invite/renzoprotocol) to stay up to date on new incentives and promotions. For the first integrations to receive REZ rewards, see the [announcement](https://x.com/RenzoProtocol/status/1907139310408626611).

### Looking for Season 4 Results and Claims?

[Season 4 Claims](/docs/status-campaigns/season-4-claims)


# Season 1

### Season 1 Concludes

Season 1 concluded on April 26th. A user's eligibility was based on the ezPoints balance at the time of snapshot, regardless of their current $ezETH balance.

$REZ can be claimed starting April 30th, 2024, with the wallets holding more than 500k ezPoints  subject to 50% linear vesting over 3 months.

The minimum qualification for airdrop eligibility was 360 ezPoints per wallet. Over 99% of eligible wallets were below the 500k ezPoint threshold and fully unlocked at TGE.

A second season of incentives began on April 26th, 2024.

### **Claiming REZ** <a href="#heading-claiming-rez" id="heading-claiming-rez"></a>

Renzo ezPoints were distributed 700M $REZ on April 30th, or 7% of the total supply of $REZ, in a linear fashion according to each user's accumulated ezPoints.

Users can go to [claim.renzoprotocol.com](http://claim.renzoprotocol.com/) to claim their $REZ starting April 30th. Vested airdrop wallets can claim their tokens at the end of every month.

\*\*NOTE: The official Renzo claim link can be accessed via renzoprotocol.com > “Claim $REZ” in the navigation bar!  Do NOT click on any links from third parties.

### **REZ Distribution Conditions** <a href="#heading-rez-distribution-conditions" id="heading-rez-distribution-conditions"></a>

The Season 1 airdrop will be a linear distribution in accordance with a user's ezPoints balance.

Renzo worked with a third-party data analytics company to identify sybil wallets and determined that a minimum number of ezPoints per wallet, as of the snapshot date, was required to qualify for a token distribution.

The largest wallets holding greater than 500k ezPoints will be subject to a 50% unlock at TGE and 50% linear vesting over 3 months.

Lastly, a small portion of the initial 7% airdrop,  0.1% of the total supply, has been allocated to the following communities:

* [Milady Maker](https://opensea.io/collection/milady)
* [SchizoPosters](https://opensea.io/collection/schizoposters)

The claims were for one month from eligibility, after which any unclaimed $REZ was added to the Season 2 campaign.


# Season 2

### Highlights:

* Season 2 will run for three months - ending in late July
* Season 2 represents 5% of supply (500M $REZ tokens)
* Season 1 participants will receive a *10% additional boost*
* New ezPoints rewards for key DeFi partners
* Starting April 30th at 11:00 UTC, users will have 30 days to claim their $REZ at [claim.renzoprotocol.com](http://claim.renzoprotocol.com/)

### ezPoints Season 2

Starting with our launch in January, Renzo has unlocked native restaking on 7 networks (Ethereum, Arbitrum, Blast, Linea, Mode, Base and BNB Smart Chain) and has been the first restaking protocol to introduce both native ETH and LST deposits, with stETH and wBETH comprising $110m+ of the TVL within 2 weeks of launch.

The Season 2 campaign aims to support this continued growth, reward early users, and increase utility and distribution for $ezETH holders on all networks we support. The Season 2 campaign will represent an additional 5% of the total supply (500M $REZ) distributed to our community and will run for three months until July 26th.

### ezPoints Boost **🚀**

With a new campaign beginning on Friday, April 26th, Season 2 will have boosted points for holders of $ezETH in user wallets and in supported $ezETH DeFi integrations, which can be viewed on the [Renzo DeFi page](https://app.renzoprotocol.com/defi).

All Season 1 users will receive a **10% additional boost** on their total ezPoint balance at the end of Season 2. No minimum ezPoint requirement.

### New Rewards**🌟**

We’re proud to have the most integrated Liquid Restaking Token in the space with 100+ DeFi integrations across 7 chains, and as we continue to focus on providing utility for $ezETH holders, a new season brings new opportunities for boosted rewards across key liquidity partners:

**Pendle - 4x ezPoints boost**

* [ETH (Dec 25 2024 expiry)](https://app.pendle.finance/trade/markets/0xd8f12bcde578c653014f27379a6114f67f0e445f/swap?view=pt\&chain=ethereum\&py=output)
* [BNB (Sep 25 2024 expiry)](https://app.pendle.finance/trade/markets/0xb2eea27af50030a445418553c4892065cf3a720a/swap?view=pt\&chain=bnbchain\&py=output)
* [ARB (Jun 26 2024 expiry)](https://app.pendle.finance/trade/markets/0x5e03c94fc5fb2e21882000a96df0b63d2c4312e2/swap?view=pt\&chain=arbitrum\&py=output)

**Balancer / Aura - 4x ezPoints boost**

* [Balancer ETH $ezETH/wETH](https://app.balancer.fi/#/ethereum/pool/0x596192bb6e41802428ac943d2f1476c1af25cc0e000000000000000000000659)
* [Balancer ARB $ezETH/wstETH](https://app.balancer.fi/#/arbitrum/pool/0xb61371ab661b1acec81c699854d2f911070c059e000000000000000000000516)
* [Aura ETH $ezETH/wETH](https://app.aura.finance/#/1/pool/189)

**Curve - 4x ezPoints boost**

* [ETH $ezETH/wETH](https://curve.fi/#/ethereum/pools/factory-stable-ng-79/deposit)
* [BNB $ezETH/ETH](https://curve.fi/#/bsc/pools/factory-stable-ng-18/deposit)

**Thruster / Hyperlock / Juice - 4x ezPoints boost**

* [Thruster $ezETH/wETH](https://app.thruster.finance/analytics)
* [Hyperlock $ezETH/wETH](https://app.hyperlock.finance/)
* [Juice $ezETH V3 LP Vault](https://app.juice.finance/vaults/0x9Dfd4094b3e88f3b9E79b04514B1669D6779AeC9)

**Kim Exchange - 4x ezPoints boost**

* [$ezETH/ETH](https://app.kim.exchange/pools/v4/0xd9a06f63e523757973ffd1a4606a1260252636d2)

**Nile - 4x ezPoints boost**

* [$ezETH/ETH](https://www.thenile.exchange/manage/v1/0xa9a1fb9f6664a0b6bfb1f52724fd7b23842248c5v)

### Claims

Starting **April 30th at 11:00 UTC**, 1 hour before the Binance listing, the Season 1 airdrop claim window will open. Users will have 30 days to claim their $REZ at [claim.renzoprotocol.com](https://claim.renzoprotocol.com/). Any unclaimed $REZ tokens will be added to the Season 2 airdrop.


# Season 3 (Amore)

Seasons 1 and 2 saw remarkable participation and growth, leading to over 130 DeFi integrations across 8 chains and reaching $2B TVL. To build on this success, the Foundation proposes the Renzo Amore initiative, allocating 5% of total $REZ supply over 4 months to reward our loyal community members and incentivise ongoing engagement in Renzo and the DeFi ecosystem. This allocation will be distributed retroactively, with 4% going to ezPoints recipients and 1% for token emissions towards liquidity incentives.

**Program Outline**

Timeline: July 26th through the end of November 2024

$REZ Allocation:

* 400M REZ tokens distributed retroactively to eligible wallets
* 100M REZ tokens distributed to DEX LPs for adding liquidity to ezETH/ETH and pzETH/wstETH pools over the 16 weeks. REZ tokens that are not used for DEX liquidity emissions will go back to the DAO treasury at the end of Campaign

Sybil, any blatant sybil or manipulation attempts will result in instant dismissal Renzo Labs will work with 3rd party service providers for indexing, sybil checks and distribution The conditions Renzo Amore may change based on community feedback and discussions.


# Season 4

The impressive outcomes from previous seasons demonstrate the protocol’s long-term growth, have been driven in part by consistent incentives designed to reward loyal users. Renzo Amore experienced outstanding participation, boosting liquidity across several DeFi integrations, and restored TVL to the $1.8 bn mark. In a continued effort to strengthen liquidity across all products, the Foundation proposed to allocate 0.5% of the total REZ supply as token incentives for liquidity provision for the next 4 months. The objective of the DEX incentives program is to incentivize deep liquidity across the Renzo ecosystem, and attract new liquidity.

### Mechanics:

#### ezPoints Incentives

* 50,000,000 REZ tokens will be allocated every 4 months
* Duration: 0.5% of the total REZ supply distributed every 4 months, for a total of 1 year Each season will last 4 months, and distributions will happen at the end of each season DeFi integrations eligible for ezPoints will be listed and updated on the Renzo Dapp

**Update:** *After a governance proposal (*[*RP-4*](https://snapshot.box/#/s:renzogovernance.eth/proposal/0x1c11d4885b482e48a7ddbe8dfd820280095507384acd03f6f9439f1adf1a2bf1)*), ezPoints were deprecated, bringing the points program to a halt. The S4 program was awarded with 0.5% (vs. proposed 0.25%) of the total REZ supply to ezPoints holders.*

#### Liquidity Incentives

* 50,000,000 REZ tokens will be allocated to targeted pools for a duration of 4 months

#### Program Implementation

* 0.5% of the total REZ supply (25M REZ) will be distributed at the end of each season, each lasting for a period of 4 months.&#x20;
* 0.5% of the total REZ supply (50M REZ) allocated for DEX incentives will be equally split across the 4 month period starting from the beginning of December 2024, and ending in March 2025.

To find the latest integrations that are being incentivized, please refer to Renzo’s official channels. Token incentives will be distributed to each liquidity pair, adjusted as needed to align with the objectives of this proposal. The conditions for this proposal may change based on community feedback and discussions. The Foundation reserves the option to incentivize other pools in alignment with the best interests of the Renzo community. By aligning incentives, this proposal reinforces Renzo’s vision of creating a robust and liquid DeFi ecosystem.


# Renzo FAQs

**Do I need to hold 32ETH in order to restake with Renzo?**

No, you can restake as little or as much ETH as you want, or stake LSTs according to the maximum cap amount, set by Renzo.

**Where does yield on Renzo come from?**

Currently staking yield comes from ETH validators. As AVSs go live on EigenLayer, Renzo Node operators will plug into them to generate restaking yield.

**Who’s running the ETH Validators?**

Renzo works with institutional grade node operators on Ethereum, which generate Ethereum rewards <https://ethereum.org/en/staking/><br>

**Does Renzo have caps on deposits?**

Renzo never caps ETH, but will occasionally cap LST deposits

**What is a Strategy Manager?**

Optimizing risk / reward profile by picking the best AVS combination on EigenLayer so ezETH generates yield with the least amount of risk.

**Is there slashing risk for any ETH deposited into Renzo?**

ETH that is deposited with Renzo has smart contract risk and slashing risk with Figment as the operator.  The Figment report came out for 2023 and they did not have any slashing events and they do have an insurance policy on slashing.

**How will Renzo determine which node operators to opt in/out of when new AVS deploy on Mainnet?**

Renzo is partnering with Operators who will work with the protocol to specify which AVSs should be run (assuming a number of requirements are met for the AVS).

There are many unknowns in EigenLayer that Renzo is going to take care of for users.  For example, Operators can choose to whitelist who can delegate to them, so the protocol will help facilitate solving these types of problems to get the best risk reward setup for ezETH holders.

**Will Renzo further diversify its ETH delegation across multiple node operators to continue with its decentralization goals?**

Restaking is new, risky and complicated and thus Renzo has taken an approach of initially integrating with 5 Institutional grade node operators to ensure that AVSs receive the highest quality of security. &#x20;

As these integrations prove high security and  stability overtime, Renzo will progressively decentralize its operators conforming to requirements of EigenLayer and AVSs.

**Q: Are there any bounties for white hat hackers to contribute to improving Renzo?**

A: $250k Bug Bounty is live with Immunefi. Submit a bounty through [Immunefi](https://immunefi.com/bug-bounty/renzoprotocol/information/)!

**Q: Are Renzo’s contracts audited?**

A: Yes, Renzo has gone through comprehensive audits as you can see [here](https://github.com/HalbornSecurity/PublicReports/blob/master/Solidity%20Smart%20Contract%20Audits/Renzo_Protocol_EVM_Contracts_Smart_Contract_Security_Assessment_Report_Halborn_Final.pdf).

**How will governance determine which AVS that node operators should opt in/out of?**

At first it will be a snapshot vote, after processes are defined, tested, and proven,  it will move to full on-chain governance.

**Are Renzo restakers eligible to receive airdrops from other projects? e.g. Altlayer**

If Renzo users are made eligible for another project’s airdrop, they will receive 100% of the airdrop proceeds.&#x20;


# Ethereum Mainnet

* Renzo $ezETH - Renzo Liquid Restaking ETH token (EigenLayer Mainnet)
  * [`0xbf5495Efe5DB9ce00f80364C8B423567e58d2110`](https://etherscan.io/token/0xbf5495Efe5DB9ce00f80364C8B423567e58d2110)
* Renzo $pzETH - Renzo Liquid Restaking LST token (Symbiotic Mainnet)
  * [`0x8c9532a60e0e7c6bbd2b2c1303f63ace1c3e981`](https://etherscan.io/token/0x8c9532a60e0e7c6bbd2b2c1303f63ace1c3e9811)
* $REZ Token - Renzo Governance Token
  * [`0x3B50805453023a91a8bf641e279401a0b23FA6F9`](https://etherscan.io/token/0x3B50805453023a91a8bf641e279401a0b23FA6F9)
* Renzo $ezREZ - Renzo Restaked REZ token
  * [`0x77b1183e730275f6a8024ce53d54bcc12b368f60`](https://etherscan.io/token/0x77b1183e730275f6a8024ce53d54bcc12b368f60)
* $REZ Token Staking Contract
  * [`0x1736011D3E075351B319DBC1da28Dac68Ea830A6`](https://etherscan.io/address/0x1736011d3e075351b319dbc1da28dac68ea830a6#tokentxns)
* Renzo $ezEIGEN - Renzo Restaked EIGEN token
  * [`0xd4fcde9bb1d746Dd7e5463b01Dd819EE06aF25db`](https://etherscan.io/token/0xd4fcde9bb1d746dd7e5463b01dd819ee06af25db)
* Renzo Restake Manager Contract - Users deposit and withdraw from the protocol
  * [`0x74a09653A083691711cF8215a6ab074BB4e99ef5`](https://etherscan.io/address/0x74a09653A083691711cF8215a6ab074BB4e99ef5)
* EigenLayer Strategy Manager Contract - Manages the restaking process in EigenLayer
  * [`0x858646372CC42E1A627fcE94aa7A7033e7CF075A`](https://etherscan.io/address/0x858646372CC42E1A627fcE94aa7A7033e7CF075A)
* Renzo Withdrawal Contract
  * [`0x5efc9D10E42FB517456f4ac41EB5e2eBe42C8918`](https://etherscan.io/address/0x5efc9D10E42FB517456f4ac41EB5e2eBe42C8918)

#### Connext Contracts:

* L1 $ezETH (xERC20) - The xRenzoDeposit contract mints $ezETH tokens
  * [0x2416092f143378750bb29b79ed961ab195cceea5](<https://etherscan.io/address/0x2416092f143378750bb29b79ed961ab195cceea5 >)&#x20;
* xRenzoBridge ETH-Mainnet - The bridgeDeposit() function unwraps the received wETH to ETH and deposits it into the RestakeManager.
  * [`0xc1036D6bBa2FE24c65823110B348Ee80D3386ACd`](https://etherscan.io/address/0xc1036D6bBa2FE24c65823110B348Ee80D3386ACd)
* xERC20 Factory
  * [`0x9BCE21489a7A85ed475c9e9D0Dc94b4E6A1aEbF3`](https://etherscan.io/address/0x9BCE21489a7A85ed475c9e9D0Dc94b4E6A1aEbF3)
* Mainnet Lockbox  ETH-Mainnet - Mints $ezETH tokens on the layer 2 in exchange for $ezETH on the layer1.
  * [`0xC8140dA31E6bCa19b287cC35531c2212763C2059#code`](https://etherscan.io/address/0xC8140dA31E6bCa19b287cC35531c2212763C2059#code)


# Layer 2s

For security, only interact with token contracts listed in our official documentation. Avoid interacting with unverified or unsupported ones, as they may not be secure.

**Bridge Link**

<https://app.renzoprotocol.com/bridge>


# Arbitrum

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://arbiscan.io/address/0x2416092f143378750bb29b79eD961ab195CcEea5)

xRenzoDeposit Arbitrum:

* [0xf25484650484de3d554fb0b7125e7696efa4ab99](https://arbiscan.io/address/0xf25484650484de3d554fb0b7125e7696efa4ab99)
* The xRenzoDeposit contract mints $ezETH tokens in response to wETH or LST deposits.
* Periodically, the xRenzoDeposit contract triggers a bridge transaction through Connext. This action sends all deposited wETH to the xRenzoBridge contract on Ethereum mainnet.


# Base

L2 $REZ Token - Renzo Governance Token

* [0xf757c9804cF2EE8d8Ed64e0A8936293Fe43a7252](https://basescan.org/token/0xf757c9804cf2ee8d8ed64e0a8936293fe43a7252)

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://basescan.org/token/0x2416092f143378750bb29b79ed961ab195cceea5)

xRenzoDeposit Base:

* [0xf25484650484de3d554fb0b7125e7696efa4ab99](https://basescan.org/address/0xf25484650484de3d554fb0b7125e7696efa4ab99)
* The xRenzoDeposit contract mints $ezETH tokens in response to wETH or LST deposits.
* Periodically, the xRenzoDeposit contract triggers a bridge transaction through Connext. This action sends all deposited wETH to the xRenzoBridge contract on Ethereum mainnet.


# Berachain

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://berascan.com/token/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Blast

L2 $ezETH (xERC20):&#x20;

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://blastscan.io/address/0x2416092f143378750bb29b79eD961ab195CcEea5)

Blast Develop Gold receiver:

* [0xE65843850106421eab49dd43D19FA2D75Fc19A75](https://blastscan.io/address/0xe65843850106421eab49dd43d19fa2d75fc19a75)


# BNB Chain

L2 $ezETH (xERC20):&#x20;

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://bscscan.com/address/0x2416092f143378750bb29b79ed961ab195cceea5)
* The Lockbox contract mints $ezETH tokens on the layer2  in exchange for $ezETH on the layer 1.

xRenzoDeposit BNB Chain:

* [0xf25484650484DE3d554fB0b7125e7696efA4ab99](https://bscscan.com/address/0xf25484650484de3d554fb0b7125e7696efa4ab99)
* The xRenzoDeposit contract mints $ezETH tokens in response to wETH or LST deposits.
* Periodically, the xRenzoDeposit contract triggers a bridge transaction through Connext. This action sends all deposited wETH to the xRenzoBridge contract on Ethereum mainnet.


# Fraxtal

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://fraxscan.com/token/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Ink

L2 $ezETH (xERC20):&#x20;

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://explorer.inkonchain.com/token/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Linea

L2 $ezETH (xERC20):&#x20;

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://lineascan.build/token/0x2416092f143378750bb29b79ed961ab195cceea5)
* The Lockbox contract mints $ezETH tokens on the layer2  in exchange for $ezETH on the layer 1.

xRenzoDeposit Linea:

* [0x4D7572040B84b41a6AA2efE4A93eFFF182388F88](https://lineascan.build/address/0x4D7572040B84b41a6AA2efE4A93eFFF182388F88)
* The xRenzoDeposit contract mints $ezETH tokens in response to wETH or LST deposits.
* Periodically, the xRenzoDeposit contract triggers a bridge transaction through Connext. This action sends all deposited wETH to the xRenzoBridge contract on Ethereum mainnet.


# MegaETH

L2 ezETH (xERC20):

* [0x09601A65e7de7BC8A19813D263dD9E98bFdC3c57](https://megaeth.blockscout.com/address/0x09601A65e7de7BC8A19813D263dD9E98bFdC3c57)  &#x20;


# Mode

L2 ezETH (xERC20):&#x20;

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://modescan.io/token/0x2416092f143378750bb29b79eD961ab195CcEea5)

xRenzoDeposit Mode:

* [0x4D7572040B84b41a6AA2efE4A93eFFF182388F88](https://modescan.io/address/0x4D7572040B84b41a6AA2efE4A93eFFF182388F88)
* The xRenzoDeposit contract mints ezETH tokens in response to wETH or LST deposits.
* Periodically, the xRenzoDeposit contract triggers a bridge transaction through Connext. This action sends all deposited wETH to the xRenzoBridge contract on Ethereum mainnet.


# Monad

L2 ezETH (xERC20):&#x20;

* 0x2416092f143378750bb29b79eD961ab195CcEea5&#x20;


# Swellchain

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://swellchainscan.io/token/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Taiko

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://taikoscan.io/address/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Unichain

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://uniscan.xyz/token/0x2416092f143378750bb29b79eD961ab195CcEea5)

L2 $pzETH (xERC20):

* [0x9cb41CD74D01ae4b4f640EC40f7A60cA1bCF83E7](https://uniscan.xyz/token/0x9cb41CD74D01ae4b4f640EC40f7A60cA1bCF83E7)


# Worldchain

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://worldscan.org/address/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Zircuit L2

L2 $ezETH (xERC20):

* [0x2416092f143378750bb29b79eD961ab195CcEea5](https://explorer.zircuit.com/address/0x2416092f143378750bb29b79eD961ab195CcEea5)


# Solana Mainnet

* REZ Token - Renzo Governance Token (Solana)
  * [`3DK98MXPz8TRuim7rfQnebSLpA7VSoc79Bgiee1m4Zw5`](https://solscan.io/token/3DK98MXPz8TRuim7rfQnebSLpA7VSoc79Bgiee1m4Zw5)
* Renzo ezSOL - Vault Restaking Token (JitoSOL on Jito)
  * [`ezSoL6fY1PVdJcJsUpe5CM3xkfmy3zoVCABybm5WtiC`](https://solscan.io/token/ezSoL6fY1PVdJcJsUpe5CM3xkfmy3zoVCABybm5WtiC)
* Renzo bzSOL - Vault Restaking Token ($BNSOL on Jito)
  * [`bzSoL4Ehh4AsaPdVD2ndkeHy9nmKnP8YRwVt3TfaJQq`](https://solscan.io/token/bzSoL4Ehh4AsaPdVD2ndkeHy9nmKnP8YRwVt3TfaJQq)
* Renzo ezJTO - Vault Restaking Token (JTO on Jito)
  * [`ezjtoE6PYVnWkbJJYEsGHgR3rXgBydi9eeB1YHP8cVg`](https://solscan.io/token/ezjtoE6PYVnWkbJJYEsGHgR3rXgBydi9eeB1YHP8cVg)


# Sei Mainnet

RedETH - Renzo Liquid Restaking ETH token (ezETH - EigenLayer Mainnet), bridged to Sei Mainnet

* [0x6DCfbF4729890043DFd34A93A2694E5303BA2703](https://seitrace.com/token/0x6DCfbF4729890043DFd34A93A2694E5303BA2703?chain=pacific-1)


# Source Code

The source code for the smart contracts deployed in the Renzo Protocol can be found at the following Github repo:

<https://github.com/Renzo-Protocol/contracts-public>\
\
Find a bug and submit a bounty to Renzo's [Immunefi Bug Bounty](https://immunefi.com/bug-bounty/renzoprotocol/information/) and receive up to $250k!


# Third-Party Integration

This page provides a comprehensive guide for third-party integrators to correctly query and compute Renzo Protocol’s Total Value Locked (TVL) and ezETH exchange rate on-chain. Renzo’s TVL spans multiple layers including assets held in protocol contracts, value staked in EigenLayer, and validator balances on the Beacon Chain.&#x20;

### Fetching Protocol TVL

The RestakeManager Contract contains the logic to calculate all TVL of the protocol. This includes all value residing in contracts on chain, all value staked in EigenLayer, and all value on the Beacon Chain.

* RestakeManager\
  <https://etherscan.io/address/0x74a09653A083691711cF8215a6ab074BB4e99ef5>

The main function to query is “calculateTVLs()”. This function returns Individual Operator Delegator TVLs, split by token, total TVL per Operator Delegator, and total TVL in the protocol.  The 3rd parameter returned is the full protocol TVL, denominated in ETH value.

\
This total TVL can then be used to derive the Exchange Rate of ezETH by querying the ezETH totalSupply() from the token contract and dividing it.

`Exchange Rate = Total TVL / ezETH Total Supply`

* ezETH Token Address\
  <https://etherscan.io/address/0xbf5495Efe5DB9ce00f80364C8B423567e58d2110>

**Note:** *The calculateTVLs() function is not guaranteed to succeed.  Under low probability scenarios, this function could revert. Third parties should ensure integrations do not catch an error and continue logic with invalid data.*

<br>


# Disclaimer

Last Updated: December 1, 2023

<br>

Renzo Protocol, a decentralized finance protocol built on Ethereum leveraging the greater EigenLayer ecosystems (“Protocol”).

<br>

The Protocol allows the Renzo users to stake and restake certain crypto assets. The Protocol does not guarantee any profitability by staking and restaking any crypto assets as applicable. Your use of the Protocol is entirely at your own risk.

<br>

The Protocol is available on an “as is” basis without warranties of any kind, either express or implied, including, but not limited to, warranties of merchantability, title, fitness for a particular purpose and non-infringement.

<br>

Assumption of Risk. You assume all risks associated with using the Services (as defined in the Terms) and the Protocol, and digital assets and decentralized systems generally, including but not limited to, that:&#x20;

1. digital assets are highly volatile;
2. using digital assets is inherently risky due to both features of such assets and the potential unauthorized acts of third parties;
3. you may not have ready access to assets; and&#x20;
4. you may lose some or all of your tokens or other assets. You agree that you will have no recourse against anyone else for any losses due to the use of the Protocol. For example, these losses may arise from or relate to:&#x20;
5. 1. incorrect information;
   2. software or network failures;&#x20;
   3. corrupted cryptocurrency wallet files;
   4. unauthorized access;&#x20;
   5. errors, mistakes, or inaccuracies; or
   6. third-party activities

<br>

You further understand that the markets for these digital assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum or EigenLayer are variable and may increase dramatically at any time. You further acknowledge the risk that your digital assets may lose some or all of their value while they are supplied to the Protocol. If you stake and restake digital assets from the Protocol, others may interact with the Protocol to seize your collateral in a slashing event. You further acknowledge that we are not responsible for any of these variables or risks, do not own or control the Protocol, and cannot be held liable for any resulting losses that you experience while accessing or using the Services. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Services and interacting with the Protocol.

The Protocol does not collect any personal data, and your interaction with the Protocol will solely be through your public digital wallet address. Any personal or other data that you may make available in connection with the Protocol may not be private or secure.

<br>


# Terms of Service

Last Updated: December 1, 2023

Please read these Terms of Service (the “Terms”) carefully because they govern your use of the website located at <https://www.renzoprotocol.com> (the “Site”).  The Site is an open-source software portal made available by RestakeX Ventures Ltd. (the “Company”). The Site provides access to Renzo Protocol, a decentralized finance protocol built on Ethereum leveraging the greater EigenLayer (the “Protocol”), The Protocol is maintained by ecosystem participants and other third parties including the RestakeX Foundation. To make these Terms easier to read, the Site and our services are collectively called the “Services.”

<br>

NOTICE ON PROHIBITED USE – US AND OTHER RESTRICTED PERSONS: THE SERVICES ARE NOT OFFERED TO AND MAY NOT BE USED BY: PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA (COLLECTIVELY, “US PERSONS”) OR PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN ANY RESTRICTED TERRITORY, AS DEFINED BELOW (EACH SUCH PERSON OR ENTITY FROM A RESTRICTED TERRITORY, A “RESTRICTED PERSON”).

<br>

WE DO NOT MAKE EXCEPTIONS. THEREFORE, IF YOU ARE A US PERSON OR OTHER RESTRICTED PERSON, THEN DO NOT ATTEMPT TO USE THE SERVICES.

WHEN YOU AGREE TO THESE TERMS, YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND THE COMPANY THROUGH BINDING, ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTIONS 14 “DISPUTE RESOLUTION” BELOW FOR DETAILS REGARDING ARBITRATION.  HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE IN SECTION 14 WILL NOT APPLY TO YOU BUT THE PROVISIONS OF SECTION 13 (GOVERNING LAW) WILL APPLY INSTEAD.

Agreement to Terms. By using our Services, you agree to be bound by these Terms. If you don’t agree to be bound by these Terms then you must not use the Services or access the Site. Notwithstanding the foregoing, the laws of some jurisdictions may limit or not permit certain provisions of this agreement, such as indemnification, the exclusion of certain warranties or the limitation of liability. In such a case, such provisions will apply only to the maximum extent permitted by the laws of such jurisdictions. Also, you may have additional legal rights in your jurisdiction, and nothing in these terms will prejudice such rights that you may have as a consumer of the Services under such applicable law.

<br>

Privacy Policy. Please review our Privacy Policy, which also governs your use of the Services, for information on how we collect, use and share your information.  Changes to these Terms or the Services. We may update the Terms from time to time at our sole discretion. If we do, we’ll let you know by posting the updated Terms on the Site and/or may also send other communications. It’s important that you review the Terms whenever we update them or you use the Services. If you continue to use the Services after we have posted updated Terms it means that you accept and agree to the changes. If you don’t agree to be bound by the changes, you may not use the Services anymore. Because our Services are evolving over time we may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion.

<br>

Who May Use the Services?

## The Services are only available to users in certain jurisdictions who can use the Services as permitted under applicable law.  The Services are not authorized for use in certain other jurisdictions, such as the United States of America (see ‘Notice on Prohibited Use’ above).. You may not attempt to access or use the Services if you are not permitted to do so. In order to protect the integrity of the Services, we reserve the right, at any time, in our sole discretion, to block access to the Services from certain IP addresses and unique device identifiers.

<br>

About the Services.

No Professional Advice. All information provided by the Services is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained in the Services. Before you make any financial, legal, or other decisions involving the Services, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate.

<br>

No Fiduciary Duties. This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement.

<br>

Release.  The Company is not a party to any transaction or other interaction occurring on the Protocol.  If you have a dispute with any user of the Site, you agree to address such dispute directly with such user. If permitted in your jurisdiction, you release the Company (and the Company’s officers, directors, agents, investors, subsidiaries, and employees) (collectively “Releases”) from, and covenant not to sue Releases for any and all claims, demands, or damages (actual or consequential) of any kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such dispute.

<br>

Regulatory and Compliance Suspensions or Terminations.  We may suspend or terminate your access to the Services at any time as required by applicable law, any governmental authority, or if we in our sole and reasonable discretion determine you are violating these Terms or the terms of any third party service provider.  Such suspension or termination shall not be constituted a breach of these Terms by the Company.

<br>

Posting Content. Our Services may allow you to store or share content such as text (in posts or communications with others), files, documents, graphics, images, music, software, audio and video. Anything (other than Feedback) that you post or otherwise make available through the Services is referred to as “User Content”. The Company does not claim any ownership rights in any User Content and nothing in these Terms will be deemed to restrict any rights that you may have to your User Content.

<br>

Permissions to Your User Content. By making any User Content available through the Services you hereby grant to the Company a non-exclusive, transferable, worldwide, royalty-free license, with the right to sublicense, to use, copy, modify, create derivative works based upon, distribute, publicly display, and publicly perform your User Content in connection with operating and providing the Services.

<br>

Your Responsibility for User Content. You are solely responsible for all your User Content. You represent and warrant that you have (and will have) all rights that are necessary to grant us the license rights in your User Content under these Terms. You represent and warrant that neither your User Content, nor your use and provision of your User Content to be made available through the Services, nor any use of your User Content by the Company on or through the Services will infringe, misappropriate or violate a third party’s intellectual property rights, or rights of publicity or privacy, or result in the violation of any applicable law or regulation.

<br>

Removal of User Content. You can remove your User Content by specifically deleting it. You should know that in certain instances, some of your User Content (such as posts or comments you make) may not be completely removed and copies of your User Content may continue to exist on the Services. To the maximum extent permitted by law, we are not responsible or liable for the removal or deletion of (or the failure to remove or delete) any of your User Content.

<br>

&#x20;The Company’s Intellectual Property. We may make available through the Services content that is subject to intellectual property rights. We retain all rights to that content.&#x20;

<br>

Feedback. We appreciate feedback, comments, ideas, proposals and suggestions for improvements to the Services (“Feedback”). If you choose to submit Feedback, you agree that we are free to use it (and permit others to use it) without any restriction or compensation to you.]

General Prohibitions and the Company’s Enforcement Rights. You agree not to do any of the following:

<br>

Post, upload, publish, submit or transmit any user content that: (i) infringes, misappropriates or violates a third party’s patent, copyright, trademark, trade secret, moral rights or other intellectual property rights, or rights of publicity or privacy; (ii) violates, or encourages any conduct that would violate, any applicable law or regulation or would give rise to civil liability; (iii) is fraudulent, false, misleading or deceptive; (iv) is defamatory, obscene, pornographic, vulgar or offensive; (v) promotes discrimination, bigotry, racism, hatred, harassment or harm against any individual or group; (vi) is violent or threatening or promotes violence or actions that are threatening to any person or entity; or (vii) promotes illegal or harmful activities or substances;

<br>

Use, display, mirror or frame the Services or any individual element within the Services, the Company’s name, any the Company trademark, logo or other proprietary information, or the layout and design of any page or form contained on a page, without the Company’s express written consent;

<br>

Access, tamper with, or use non-public areas of the Services, the Company’s computer systems, or the technical delivery systems of the Company’s providers;

<br>

Attempt to probe, scan or test the vulnerability of any the Company system or network or breach any security or authentication measures;

<br>

Avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by the Company or any of the Company’s providers or any other third party (including another user) to protect the Services;

<br>

Attempt to access or search the Services or download content from the Services using any engine, software, tool, agent, device or mechanism (including spiders, robots, crawlers, data mining tools or the like) other than the software and/or search agents provided by the Company or other generally available third-party web browsers;

<br>

Use any meta tags or other hidden text or metadata utilizing a the Company trademark, logo URL or product name without the Company’s express written consent;

<br>

Use the Services, or any portion thereof, for any commercial purpose or for the benefit of any third party or in any manner not permitted by these Terms;

<br>

Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Services;

<br>

Interfere with, or attempt to interfere with, the access of any user, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services;

<br>

Collect or store any personally identifiable information from the Services from other users of the Services without their express permission;

<br>

Impersonate or misrepresent your affiliation with any person or entity;

<br>

Violates any applicable law, rule, or regulation concerning the integrity of trading markets, including (but not limited to) the manipulative tactics commonly known as spoofing and wash trading.

<br>

Violate any applicable law or regulation; or Encourage or enable any other individual to do any of the foregoing.

<br>

The Company is not obligated to monitor access to or use of the Services or to review or edit any content. However, we have the right to do so for the purpose of operating the Services, to ensure compliance with these Terms and to comply with applicable law or other legal requirements. We reserve the right, but are not obligated, to remove or disable access to any content, including User Content, at any time and without notice, including, but not limited to, if we, at our sole discretion, consider it objectionable or in violation of these Terms. We have the right to investigate violations of these Terms or conduct that affects the Services. We may also consult and cooperate with law enforcement authorities to prosecute users who violate the law.

<br>

Links to Third Party Websites or Resources. The Services may allow you to access third-party websites or other resources. We provide access only as a convenience and are not responsible for the content, products or services on or available from those resources or links displayed on such websites. You acknowledge sole responsibility for and assume all risk arising from your use of any third-party resources.

<br>

Termination. We may suspend or terminate your access to and use of the Services, including suspending access to or terminating your account, at our sole discretion, at any time and without notice to you. Upon any termination, discontinuation or cancellation of the Services or your account, the following Sections will survive: 5(d) 10, 11, 12, 13, 14 and 15.

<br>

Warranty Disclaimers. THE SERVICES ARE PROVIDED “AS IS,” WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING, WE EXPLICITLY DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. WE MAKE NO WARRANTY THAT THE SERVICES WILL MEET YOUR REQUIREMENTS OR BE AVAILABLE ON AN UNINTERRUPTED, SECURE, OR ERROR-FREE BASIS. WE MAKE NO WARRANTY REGARDING THE QUALITY, ACCURACY, TIMELINESS, TRUTHFULNESS, COMPLETENESS OR RELIABILITY OF ANY INFORMATION OR CONTENT ON THE SERVICES.

<br>

THE COMPANY WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSS AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO YOU FOR, ANY USE OF THE SERVICES, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) SERVER FAILURE OR DATA LOSS; (III) CRYPTOCURRENCY WALLETS OR CORRUPT FILES; (IV) UNAUTHORIZED ACCESS TO SERVICES; OR (V) ANY THIRD PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK AGAINST ANY BLOCKCHAIN NETWORK UNDERLYING THE SERVICES.

By accessing and using the Services, you represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of digital assets such as bitcoin (BTC), ether (ETH) and other digital tokens such as those following the Ethereum Token Standard (ERC-20). You further understand that the markets for these digital assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems are variable and may increase at any time. You further acknowledge the risk that your digital assets may lose some or all of their value while they are supplied to or from the Services. You further acknowledge that we are not responsible for any of these variables or risks and cannot be held liable for any resulting losses that you experience while accessing Services. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using and interacting with the Services.

<br>

Indemnity. You will indemnify and hold the Company and its officers, directors, employees and agents, harmless from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (a) your access to or use of the Services, (b) your User Content, or (c) your violation of these Terms.

<br>

Limitation of Liability.

<br>

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER THE COMPANY NOR ITS SERVICE PROVIDERS INVOLVED IN CREATING, PRODUCING, OR DELIVERING THE SERVICES WILL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS, LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR THE COST OF SUBSTITUTE SERVICES OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY OR ITS SERVICE PROVIDERS HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

<br>

TO THE MAXIMUM EXTENT PERMITTED BY THE LAW OF THE APPLICABLE JURISDICTION, IN NO EVENT WILL THE COMPANY’S TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES EXCEED THE AMOUNTS YOU HAVE PAID OR ARE PAYABLE BY YOU TO THE COMPANY FOR USE OF THE SERVICES OR ONE HUNDRED DOLLARS ($100), IF YOU HAVE NOT HAD ANY PAYMENT OBLIGATIONS TO THE COMPANY, AS APPLICABLE.&#x20;

<br>

THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN THE COMPANY AND YOU.

<br>

Governing Law and Forum Choice. These Terms and any action related thereto will be governed by the British Virgin Islands Arbitration Law and the laws of the British Virgin Islands, without regard to its conflict of laws provisions. Except as otherwise expressly set forth in Section 14 “Dispute Resolution,” the exclusive jurisdiction for all Disputes (defined below) that you and the Company are not required to arbitrate will be the courts located in the British Virgin Islands, and you and the Company each waive any objection to jurisdiction and venue in such courts.

<br>

Dispute Resolution.

<br>

Mandatory Arbitration of Disputes. We each agree that any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation or validity thereof or the use of the Services (collectively, “Disputes”) will be resolved solely by binding, individual arbitration and not in a class, representative or consolidated action or proceeding. You and the Company agree that the Cayman Islands Arbitration Law governs the interpretation and enforcement of these Terms, and that you and the Company are each waiving the right to a trial by jury or to participate in a class action. This arbitration provision shall survive termination of these Terms.&#x20;

<br>

Exceptions. As limited exceptions to Section 14(a) above: (i) we both may seek to resolve a Dispute in small claims court if it qualifies; and (ii) we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights.

<br>

Conducting Arbitration and Arbitration Rules. The arbitration will be conducted by JAMS under its JAMS Comprehensive Arbitration Rules and Procedures (the “JAMS Rules”) then in effect, except as modified by these Terms. The JAMS Rules are available at <https://www.jamsadr.com/>. A party who wishes to start arbitration must submit a written Demand for Arbitration to JAMS and give notice to the other party as specified in the JAMS Rules. JAMS provides a form Demand for Arbitration at <https://www.jamsadr.com/>.

<br>

Any arbitration hearings will take place in the county (or parish) where you live, unless we both agree to a different location, but will be conducted remotely to the extent permitted by the JAMS Rules. The parties agree that the arbitrator shall have exclusive authority to decide all issues relating to the interpretation, applicability, enforceability and scope of this arbitration agreement.

<br>

Arbitration Costs. Payment of all filing, administration and arbitrator fees will be governed by the JAMS Rules, and we won’t seek to recover the administration and arbitrator fees we are responsible for paying, unless the arbitrator finds your Dispute frivolous. If we prevail in arbitration we’ll pay all of our attorneys’ fees and costs and won’t seek to recover them from you. If you prevail in arbitration you will be entitled to an award of attorneys’ fees and expenses to the extent provided under applicable law.

<br>

Injunctive and Declaratory Relief. Except as provided in Section 14(b) above, the arbitrator shall determine all issues of liability on the merits of any claim asserted by either party and may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party’s individual claim. To the extent that you or we prevail on a claim and seek public injunctive relief (that is, injunctive relief that has the primary purpose and effect of prohibiting unlawful acts that threaten future injury to the public), the entitlement to and extent of such relief must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of any issues of public injunctive relief shall be stayed pending the outcome of the merits of any individual claims in arbitration.

<br>

Class Action Waiver. YOU AND THE COMPANY AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, if the parties’ Dispute is resolved through arbitration, the arbitrator may not consolidate another person’s claims with your claims, and may not otherwise preside over any form of a representative or class proceeding. If this specific provision is found to be unenforceable, then the entirety of this Dispute Resolution section shall be null and void.

<br>

Severability. With the exception of any of the provisions in Section 14(f) of these Terms (“Class Action Waiver”), if an arbitrator or court of competent jurisdiction decides that any part of these Terms is invalid or unenforceable, the other parts of these Terms will still apply.

<br>

General Terms.

<br>

Reservation of Rights. The Company and its licensors exclusively own all right, title and interest in and to the Services, including all associated intellectual property rights. You acknowledge that the Services are protected by copyright, trademark, and other laws of the United States and foreign countries. You agree not to remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the Services.

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Entire Agreement. These Terms constitute the entire and exclusive understanding and agreement between the Company and you regarding the Services, and these Terms supersede and replace all prior oral or written understandings or agreements between the Company and you regarding the Services. If any provision of these Terms is held invalid or unenforceable by an arbitrator or a court of competent jurisdiction, that provision will be enforced to the maximum extent permissible and the other provisions of these Terms will remain in full force and effect. You may not assign or transfer these Terms, by operation of law or otherwise, without the Company’s prior written consent. Any attempt by you to assign or transfer these Terms, without such consent, will be null. the Company may freely assign or transfer these Terms without restriction. Subject to the foregoing, these Terms will bind and inure to the benefit of the parties, their successors and permitted assigns.

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Notices. Any notices or other communications provided by the Company under these Terms will be given by posting to the Services.

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Waiver of Rights. The Company’s failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of the Company. Except as expressly set forth in these Terms, the exercise by either party of any of its remedies under these Terms will be without prejudice to its other remedies under these Terms or otherwise.

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Contact Information. If you have any questions about these Terms or the Services, please contact the Company @RenzoProtocol

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# Terms of Service REZ Claim

Last Revised on April 28, 2024

Welcome to the Token Distribution Terms (these "Token Distribution") for the REZ token by RestakeX Foundation (“Organization”, “we” or “us”). These Token Distribution govern your ability to participate in the Token Distribution Event. Please read these Token Distribution terms carefully, as they include important information about your legal rights. By participating in the Token Distribution or claiming Token Distribution tokens, you are agreeing to these Token Distribution terms. If you do not understand or agree to these Token Distribution terms, please do not participate in the Token Distribution Event.<br>

For purposes of these Token Distribution, “you” and “your” means you as the participant in the Token Distribution Event. If you participate in the distribution or otherwise claim distribution tokens on behalf of a company or other entity then “you” includes you and that entity, and you represent and warrant that (a) you are an authorized representative of the entity with the authority to bind the entity to these Token Distribution, and (b) you agree to these Token Distribution on the entity’s behalf.<br>

1\. To participate in the Token Distribution, you will need to connect a compatible third-party digital wallet (“Wallet”). By using a Wallet, you agree that you are using the Wallet under the terms and conditions of the applicable third-party provider of such Wallet. Wallets are not associated with, maintained by, supported by or affiliated with the Organization. We accept no responsibility or liability to you in connection with your use of a Wallet, and we make no representations or warranties regarding how any specific Wallet will operate in connection with the Token Distribution or be compatible to participate in the Token Distribution. The private keys necessary to access the assets held in a Wallet are not held by the Organization. The Organization has no ability to help you access or recover your private keys and/or seed phrases for your Wallet. You are solely responsible for maintaining the confidentiality of your private keys and you are responsible for any transactions signed with your private keys.

2\. You are not eligible to participate in the Token Distribution if you are located in, or a resident of the United States, US, Cuba, Iran, North Korea, Ukraine, Syria or if you are a Prohibited Person (as defined below). You agree and acknowledge that you are not a Prohibited Person and you will not use a VPN or other tool to circumvent any geoblock or other restrictions that we may have implemented for Token Distribution recipients. Any such circumvention, or attempted circumvention, may permanently disqualify you from participation in the Token Distribution in our discretion. A “Prohibited Person” is any person or entity that is (a) the subject of any economic or trade sanctions administered or enforced by any governmental authority, including being designated on any list of prohibited or restricted parties by any governmental authority, such as the U.S. Treasury Department’s list of Specially Designated Nationals, the U.S. Department of Commerce Denied Persons List Entity List, the E.U. Consolidated List of persons and the U.K. Consolidated List of Financial Sanctions Targets, (b) located, a resident of or organized in any jurisdiction or territory that is the subject of comprehensive country-wide or regional economic sanctions or has been designated as “terrorist supporting” by the United Nations or the governmental authority of the European Union, United Kingdom or the United States, or (c) owned or controlled by such persons or entities listed in (a)-(b).

3\. Your eligibility to receive Token Distribution tokens or participate in the Token Distribution is subject to our sole discretion. You agree not to engage in any activities that are designed to obtain more Token Distribution tokens than you are entitled to. You agree that you are the legal owner of the blockchain address that you use to access or participate in the Token Distribution.

4\. You agree and acknowledge that you have the sole responsibility and liability for all taxes in connection with your participation in the Token Distribution and you should consult a tax advisor.

5\. You agree and acknowledge that you are solely responsible for complying with all applicable laws of the jurisdiction you are located or participating in the Token Distribution from.

6\. You agree and acknowledge that you (a) may receive tokens for free via the Token Distribution (other than applicable taxes, if any), (b) were not previously promised any tokens, and (c) took no action in anticipation of or in reliance on receiving any tokens or an Token Distribution.

7\. Disclaimers; Limitation of Liability

7.1. Your participation in the Token Distribution is at your own risk. You understand and agree that any Token Distribution tokens are provided to you on an “AS IS” and “AS AVAILABLE” basis. Without limiting the foregoing, to the maximum extent permitted under applicable law, the Organization, its parents, affiliates, related companies, officers, directors, employees, agents, representatives, partners, and licensors (the “Organization Entities”) DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION ANY WARRANTIES RELATING TO TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, USAGE, QUALITY, PERFORMANCE, SUITABILITY OR FITNESS OF THE Token Distribution FOR ANY PARTICULAR PURPOSE, OR AS TO THE ACCURACY, QUALITY, SEQUENCE, RELIABILITY, WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT. The Organization Entities make no warranty or representation and disclaim all responsibility and liability for: (a) the completeness, accuracy, availability, timeliness, security or reliability of the Token Distribution; (b) any harm to your computer system, loss of data, or other harm that results from your participation in the Token Distribution; (c) the operation or compatibility with any other application or any particular system or device, including any Wallets; and (d) whether the Token Distribution will be available on an uninterrupted, secure or error-free basis. Nothing contained in these Token Distribution constitutes, or is meant to constitute, financial, legal or other professional advice.

7.2. THE LAWS OF CERTAIN JURISDICTIONS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES AS SET FORTH IN SECTION 7.3 BELOW. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.

7.3. TO THE EXTENT NOT PROHIBITED BY LAW, YOU AGREE THAT IN NO EVENT WILL THE ORGANIZATION ENTITIES BE LIABLE (A) FOR DAMAGES OF ANY KIND, INCLUDING INDIRECT SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF USE, DATA OR PROFITS, BUSINESS INTERRUPTION OR ANY OTHER DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR PARTICIPATION IN THE Token Distribution), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THESE Token Distribution OR OTHERWISE ARISING IN ANY WAY IN CONNECTION WITH THE Token Distribution OR THESE Token Distribution AND WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) EVEN IF THE ORGANIZATION ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, OR (B) FOR ANY OTHER CLAIM, DEMAND OR DAMAGES WHATSOEVER RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THESE Token Distribution OR THE Token Distribution. THE ORGANIZATION ENTITIES’ TOTAL LIABILITY TO YOU FOR ANY DAMAGES FINALLY AWARDED SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100.00). THE FOREGOING LIMITATIONS WILL APPLY EVEN IF THE ABOVE STATED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

8\. Assumption of Risks

8.1. By participating in the Token Distribution, you represent that you have sufficient knowledge and experience in business and financial matters, including a sufficient understanding of blockchain technologies, cryptocurrencies and other digital assets, storage mechanisms (such as wallets), and blockchain-based software systems to be able to assess and evaluate the risks and benefits of participating in the Token Distribution. You acknowledge and agree that there are risks associated with purchasing and holding cryptocurrency and using blockchain technology. These include, but are not limited to, risk of losing access to cryptocurrency due to slashing, loss of private key(s), custodial error or purchaser error, risk of mining or blockchain attacks, risk of hacking and security weaknesses, risk of unfavorable regulatory intervention in one or more jurisdictions, risk related to token taxation, risk of personal information disclosure, risk of uninsured losses, volatility risks, and unanticipated risks.

8.2. You agree and acknowledge that if you are unable to claim an Token Distribution due to technical bugs, smart contract issue, gas fees, wallet incompatibility, loss of access to a wallet or the keys thereto, or for any other reason, you will have no recourse or claim against us or our affiliates and that we and our affiliates will not bear any liability.

8.3. You agree and acknowledge that claiming an Token Distribution may require reliance on or an integration with third party products (e.g., a wallet or an unaffiliated network or blockchain) that we do not control. In the event that you are unable to access such products or integrations, or if they fail for any reason, and you are unable to participate in an Token Distribution or claim Token Distribution tokens, you will have no recourse or claim against us or our affiliates and we and our affiliates will not bear any liability. We are not responsible for any losses due to your errors, including an incorrectly constructed transaction.

8.4. You agree and acknowledge that the regulatory regime governing blockchain technologies, cryptocurrencies and other digital assets is uncertain, that new regulations or policies may materially adversely affect the potential utility or value of such cryptocurrencies and digital assets, and that there are risks of new taxation related to the purchase or sale of cryptocurrencies and other digital assets.

8.5. You agree and acknowledge that cryptocurrencies and other similar digital assets are neither (i) deposits of or guaranteed by a bank nor (ii) insured by the FDIC or by any other governmental agency.

9\. Indemnification. By entering into these Token Distribution or otherwise participating in the Token Distribution, you agree that you shall defend, indemnify, and hold the Organization Entities harmless from and against any and all claims, costs, damages, losses, liabilities, and expenses (including attorneys’ fees and costs) incurred by the Organization Entities arising out of or in connection with your violation or breach of any term of these Token Distribution or any applicable law or regulation. If you are obligated to indemnify any Organization Entity hereunder, then you agree that the Organization (or, at its discretion, the applicable Organization Entity) will have the right, in its sole discretion, to control any action or proceeding and to determine whether the Organization wishes to settle, and if so, on what terms, and you agree to fully cooperate with the Organization in the defense or settlement of such claim.

10\. Miscellaneous. Nothing in these Token Distribution shall be construed to transfer any intellectual property rights from the Organization to you. These Token Distribution contain the entire agreement between you and the Organization regarding the Token Distribution, and supersede all prior and contemporaneous understandings between the parties regarding the Token Distribution. We may modify these Token Distribution from time to time in which case we will update the “Last Revised” date at the top of these Token Distribution. The updated Token Distribution will be effective as of the time of posting, or such later date as may be specified in the updated Token Distribution. Your continued access or participation in the Token Distribution after the modifications have becomes effective will be deemed your acceptance of the modified Token Distribution. These Token Distribution may be assigned by the Organization but may not be assigned by you without our prior express written consent. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. If any provision of these Token Distribution shall be unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these Token Distribution and shall not affect the validity and enforceability of any remaining provisions. These Token Distribution are governed by the laws of the Cayman Islands, without regard to conflict of laws rules, and the proper venue for any disputes arising out of or relating to any of the same will be the courts located in the Cayman Islands.

11\. How to Contact Us. You may contact us regarding these Token Distribution by e-mail at <contact@renzoprotocol.com>


# Terms of Service EIGEN Claim

Last Revised on September 19, 2024

Welcome to the Token Distribution Terms (these "Terms") for the EIGEN token by RestakeX Foundation, a Panama foundation and its affiliates (“Organization”, “we” or “us”). These Terms govern your ability to participate in the Token Distribution (defined below).&#x20;

Please read these Terms carefully, as they include important information about your legal rights. By participating in the Token Distribution or claiming Token Distribution tokens, you are agreeing to these Terms. If you do not understand or agree to these Terms, please do not participate in the Token Distribution.

YOUR PARTICIPATION IN THE TOKEN DISTRIBUTION IS SOLELY AT YOUR OWN RISK AND IT IS YOUR SOLE RESPONSIBILITY TO SEEK APPROPRIATE PROFESSIONAL, LEGAL, TAX, AND OTHER ADVICE IN RESPECT OF THE TOKEN DISTRIBUTION.

BY PARTICIPATING IN ANY TOKEN DISTRIBUTION YOU EXPRESSLY ACKNOWLEDGE AND ASSUME ALL RISKS RELATED THERETO, INCLUDING (WITHOUT LIMITATION) THE RISKS SET OUT BELOW. IN NO EVENT SHALL THE ORGANIZATION OR ANY RELATED PARTY BE HELD LIABLE IN CONNECTION WITH OR FOR ANY CLAIMS, LOSSES, DAMAGES, OR OTHER LIABILITIES, WHETHER IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH THE TOKEN DISTRIBUTION OR THE RECEIPT OF ANY TOKENS.

For the purposes of these Terms, "you" and "your" refer to you as a participant in the Token Distribution. "Token Distribution" refers to the allocation of protocol tokens, such as REZ tokens or EIGEN tokens, to eligible participants, which are utilized in connection with the Renzo Protocol or EigenLayer Protocol, as applicable, and are subject to these Terms. The use of all EIGEN tokens and your participation in the EigenLayer Protocol is governed by the terms and conditions outlined at the following link, which are incorporated herein by reference:[ https://docs.eigenfoundation.org/category/legal](https://docs.eigenfoundation.org/category/legal).

If you participate in the distribution or otherwise claim distribution tokens on behalf of a company or other entity, then “you” includes you and that entity, and you represent and warrant that (a) you are an authorized representative of such entity with the authority to bind the entity to these Terms, and (b) you agree to these Terms on such entity’s behalf.

1\. To participate in the Token Distribution, you will need to connect a compatible third-party digital wallet (“Wallet”). By using a Wallet, you agree that you are using the Wallet under the terms and conditions of the applicable third-party provider of such Wallet. Wallets are not associated with, maintained by, supported by, or affiliated with the Organization. We accept no responsibility or liability to you in connection with your use of a Wallet, and we make no representations or warranties regarding how any specific Wallet will operate in connection with the Token Distribution or be compatible with participating in the Token Distribution. The private keys necessary to access the assets held in your Wallet are not held, in custody of, controlled, or managed by the Organization. The Organization has no ability to help you access or recover your private keys and/or seed phrases for your Wallet. You are solely responsible for maintaining the confidentiality of your private keys and you are responsible for any transactions signed with your private keys.

2\. You are not eligible to participate in the Token Distribution if you are located in, or a resident of the United States, US, Cuba, Iran, North Korea, Ukraine, Syria or if you are a Prohibited Person (as defined below). You agree and acknowledge that you are not a Prohibited Person and you will not use a virtual private network (“VPN”) or other similar tool to circumvent any geoblocking or other restrictions that we may have implemented for Token Distribution recipients. Any such circumvention, or attempted circumvention, may permanently disqualify you from participation in the Token Distribution in our discretion. A “Prohibited Person” is any person or entity that is (a) the subject of any economic or trade sanctions administered or enforced by any governmental authority, including being designated on any list of prohibited or restricted parties by any governmental authority, such as the U.S. Treasury Department’s list of Specially Designated Nationals, the U.S. Department of Commerce Denied Persons List Entity List, the E.U. Consolidated List of persons and the U.K. Consolidated List of Financial Sanctions Targets, and other relevant authorities, (b) located, a resident of or organized in any jurisdiction or territory that is the subject of comprehensive country-wide or regional economic sanctions or has been designated as “terrorist supporting” by the United Nations or the governmental authority of the European Union, United Kingdom or the United States, or (c) owned or controlled by such persons or entities listed in (a)-(b).

3\. Your eligibility to receive Token Distribution tokens or participate in the Token Distribution is subject to our sole discretion. You agree not to engage in any activities that are designed to obtain more Token Distribution tokens than you are entitled to. You agree that you are the legal owner of the blockchain address that you use to access or participate in the Token Distribution.<br>

4\. The Token Distribution shall be conducted during a specified period, as determined in our sole discretion, and available on a claim site which is administered by a non-affiliated third-party. The claim site is located here: ezeigen.liquifi.finance

You must follow the instructions set forth in any Token Distribution announcement and/or such other instructions as may be provided by the Organization from time to time to participate in the Token Distribution. The number of tokens allocated to each participant will be determined by the Organization, in its sole discretion, and such allocation may vary among participants. Tokens may be made available for claims after an initial period in which participants can check eligibility for, but not claim, tokens. You agree and acknowledge that claiming the Token Distribution tokens may require interaction with, reliance on, or an integration with third-party products or services (e.g., a wallet or a network or blockchain) that we do not control. In the event that you are unable to access such products, services, or integrations, or if they fail for any reason, and you are unable to participate in the Token Distribution or claim tokens as a result, you will have no recourse or claim against us or any Organization Entities (defined below); and neither we nor any Organization Entities (defined below) bear(s) any responsibility or liability to you. Do not trust any other website regardless of its source or origin or any link routing you to a different website.<br>

5\. You agree and acknowledge that you have the sole responsibility and liability for all taxes in connection with your participation in the Token Distribution and you should consult a tax advisor.<br>

6\. You agree and acknowledge that you are solely responsible for complying with all applicable laws of the jurisdiction you are located or participating in the Token Distribution from. Your participation in the Token Distribution does not and will not violate any applicable laws, including without limitation, applicable economic and trade sanctions.

7\. You agree and acknowledge that you (a) may receive tokens for free via the Token Distribution (other than applicable taxes, if any), (b) were not previously promised any tokens, and (c) took no action in anticipation of or in reliance on receiving any tokens or an Token Distribution.

8\. Disclaimers; Limitation of Liability

8.1. Your participation in the Token Distribution is at your own risk. You understand and agree that any Token Distribution tokens are provided to you on an “AS IS” and “AS AVAILABLE” basis. Without limiting the foregoing, to the maximum extent permitted under applicable law, the Organization, its parents, affiliates, related companies, officers, directors, employees, agents, representatives, partners, and licensors (the “Organization Entities”) DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION ANY WARRANTIES RELATING TO TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, USAGE, QUALITY, PERFORMANCE, SUITABILITY OR FITNESS OF THE Token Distribution FOR ANY PARTICULAR PURPOSE, OR AS TO THE ACCURACY, QUALITY, SEQUENCE, RELIABILITY, WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT. The Organization Entities make no warranty or representation and disclaim all responsibility and liability for: (a) the completeness, accuracy, availability, timeliness, security or reliability of the Token Distribution; (b) any harm to your computer system, loss of data, or other harm that results from your participation in the Token Distribution; (c) the operation or compatibility with any other application or any particular system or device, including any Wallets; and (d) whether the Token Distribution will be available on an uninterrupted, secure or error-free basis. Nothing contained in these Token Distribution constitutes, or is meant to constitute, financial, legal or other professional advice.<br>

8.2. THE LAWS OF CERTAIN JURISDICTIONS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES AS SET FORTH IN SECTION 7.3 BELOW. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.

8.3. TO THE EXTENT NOT PROHIBITED BY LAW, YOU AGREE THAT IN NO EVENT WILL THE ORGANIZATION ENTITIES BE LIABLE (A) FOR DAMAGES OF ANY KIND, INCLUDING INDIRECT SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF USE, DATA OR PROFITS, BUSINESS INTERRUPTION OR ANY OTHER DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR PARTICIPATION IN THE TOKEN DISTRIBUTION), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THESE TOKEN DISTRIBUTION OR OTHERWISE ARISING IN ANY WAY IN CONNECTION WITH THE TOKEN DISTRIBUTION OR THESE TOKEN DISTRIBUTION AND WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) EVEN IF THE ORGANIZATION ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, OR (B) FOR ANY OTHER CLAIM, DEMAND OR DAMAGES WHATSOEVER RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THESE TOKEN DISTRIBUTION OR THE TOKEN DISTRIBUTION. THE ORGANIZATION ENTITIES’ TOTAL LIABILITY TO YOU FOR ANY DAMAGES FINALLY AWARDED SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100.00). THE FOREGOING LIMITATIONS WILL APPLY EVEN IF THE ABOVE STATED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

9\. Assumption of Risk

9.1. By participating in an applicable Token Distribution, you represent that you have sufficient knowledge and experience in business and financial matters, including a sufficient understanding of blockchain technologies, cryptocurrencies and other digital assets, storage mechanisms (such as wallets), and blockchain-based software systems to be able to assess and evaluate the risks and benefits of participating in the Token Distribution. You acknowledge and agree that there are risks associated with purchasing, receiving and holding cryptocurrency and using blockchain technology. These include, but are not limited to, risk of losing access to cryptocurrency due to slashing, loss of private key(s), custodial error or purchaser error, risk of mining or blockchain attacks, risk of hacking and security weaknesses, risk of unfavorable regulatory intervention in one or more jurisdictions, risk related to token taxation, risk of personal information disclosure, risk of uninsured losses, volatility risks, and unanticipated risks.<br>

9.2. You agree and acknowledge that if you are unable to claim a token pursuant to a Token Distribution event due to technical bugs, smart contract issue, gas fees, wallet incompatibility, loss of access to a wallet or the keys thereto, or for any other reason, you will have no recourse or claim against us or our affiliates and that we and our affiliates will not bear any liability.<br>

9.3. You agree and acknowledge that claiming tokens may require reliance on or an integration with third party products (e.g., a wallet or an unaffiliated network or blockchain) that we do not control. In the event that you are unable to access such products or integrations, or if they fail for any reason, and you are unable to participate in an applicable Token Distribution or claim Token Distribution tokens, you will have no recourse or claim against us or our affiliates and we and our affiliates will not bear any liability. We are not responsible for any losses due to your errors, including an incorrectly constructed transaction.<br>

9.4. You agree and acknowledge that the regulatory regime governing blockchain technologies, cryptocurrencies and other digital assets is uncertain, that new regulations or policies may materially adversely affect the potential utility or value of such cryptocurrencies and digital assets, and that there are risks of new taxation related to the purchase or sale of cryptocurrencies and other digital assets.<br>

9.5. You agree and acknowledge that cryptocurrencies, tokens and other similar digital assets are neither (i) deposits of or guaranteed by a bank or any governmental agency nor (ii) insured by the FDIC or by any other governmental agency.

10\. Indemnification. By entering into these Terms or otherwise participating in an applicable Token Distribution, you agree that you shall defend, indemnify, and hold the Organization Entities harmless from and against any and all claims, costs, damages, losses, liabilities, and expenses (including attorneys’ fees and costs) incurred by the Organization Entities arising out of or in connection with your violation or breach of any term of these Terms or any applicable law or regulation. If you are obligated to indemnify any Organization Entity hereunder, then you agree that the Organization (or, at its discretion, the applicable Organization Entity) will have the right, in its sole discretion, to control any action or proceeding and to determine whether the Organization wishes to settle, and if so, on what terms, and you agree to fully cooperate with the Organization in the defense or settlement of such claim.

11\. Miscellaneous. Nothing in these Terms shall be construed to transfer any intellectual property rights from the Organization to you. These Terms contain the entire agreement between you and the Organization regarding the Token Distribution, and supersede all prior and contemporaneous understandings between the parties regarding an applicableToken Distribution. We may modify these Terms from time to time in which case we will update the “Last Revised” date at the top of these Terms. The updated Terms will be effective as of the time of posting, or such later date as may be specified in the updated Terms. Your continued access or participation in an applicableToken Distribution after the modifications have become effective will be deemed your acceptance of the modified Terms. These Terms may be assigned by the Organization but may not be assigned by you without our prior express written consent. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. If any provision of these Terms shall be unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these Terms and shall not affect the validity and enforceability of any remaining provisions. These Terms are governed by the laws of Panama, without regard to conflict of laws rules, and the proper venue for any disputes arising out of or relating to any of the same will be the courts located in Panama.<br>

12\. How to Contact Us. You may contact us regarding these Token Distribution by e-mail at <contact@renzoprotocol.com>

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# Terms of Service Renzo Reserve Managed Vaults

This Schedule applies to the Renzo Reserve Managed Vaults offered as part of the Services and is incorporated into the Terms of Service. In case of conflict, this Schedule governs participation in Managed Vaults.

### Overview

Managed Vaults are non-custodial smart contract based services that allow users to deposit supported digital assets (“Assets”) into pooled vehicles that we, acting as Strategy Provider and Infrastructure Manager, deploy across yield-generating strategies via the Protocol or other integrated DeFi platforms.

We manage infrastructure, operations, strategy selection, allocation, and rebalancing internally through secure, audited smart contracts. Users receive proportional representations of their ownership interest in the vault’s underlying assets.

### Deposits and Withdrawals

Users may deposit supported Assets into Managed Vaults through the interfaces we provide. Deposits entitle users to a proportional interest in the vault’s total asset pool. Withdrawals redeem this interest for the underlying Assets (or equivalent value), subject to any operational mechanics or timing parameters set out in the relevant vault documentation.

Operational details, including deposit and withdrawal processes, cooldown periods, and pricing methods, are described in the corresponding vault documentation available in our technical documents. These details are provided for informational purposes only and do not modify the rights and obligations established by these Terms.

### Strategy and Management

As Strategy Provider, we determine how vault assets are allocated among supported yield strategies such as lending, liquidity provision, or restaking, with the objective of achieving risk-adjusted returns.

As Infrastructure Manager, we maintain and monitor the vault’s smart contracts, integrations, and risk controls. We may adjust allocations, rebalance positions, or modify strategies in response to market or protocol conditions, within the limits set by each vault’s framework. Users acknowledge that these activities involve discretion and inherent risk, and no specific performance, yield, or outcome is guaranteed.

### Fees

Managed Vaults may charge management and/or performance-based fees. Fee details, including rate structures, calculation methodologies, and deduction timing, are disclosed in each vault’s offering summary or associated documentation. Fees may change over time in accordance with the Terms.

### Risk Disclosures

Participation in Managed Vaults involves additional risks beyond those outlined in Section 12 of the Terms, including but not limited to:

Smart contract vulnerabilities, exploits, or failures in either our contracts or third-party integrations.

* Protocol-level risks, such as counterparty exposure, liquidity shortages, or slashing events.
* Market volatility affecting yields or the value of deposited Assets.
* Operational delays or temporary withdrawal suspensions that may occur to protect vault stability.

Managed Vaults are experimental financial technologies. We do not guarantee any return, safety of funds, or future performance. You should review all vault documentation carefully and only deposit what you can afford to lose.

### Role Clarification and No Fiduciary Duty

We act solely as a Strategy Provider and Infrastructure Manager. We are not your fiduciary, investment advisor, or principal, as described in the Terms of Service. Users are responsible for their own decisions and assume all risks associated with participation.

You are solely responsible for determining and fulfilling any tax obligations related to yields, fees, or withdrawals.

### Termination, Changes, and Suspension

We may pause, modify, or terminate any Managed Vault to address risk, compliance, or operational needs. Where feasible, we will provide notice. Continued use after such changes constitutes acceptance of the updated term

### Governing Documents

This Schedule supplements and forms part of the Terms of Service. Each Managed Vault may have separate documentation outlining its strategy, fees, and risk profile. All disclaimers, limitations of liability, indemnities, and other applicable provisions of the Terms of Service apply fully to participation in Managed Vaults.

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# Privacy Policy

Last Updated: December 1, 2023

RestakeX Ventures Ltd. provides access to Renzo Protocol, a decentralized finance protocol built on Ethereum leveraging the greater EigenLayer ecosystems (the “Protocol”). This Privacy Policy is designed to help you understand how we collect, use, and share your personal information and to help you understand and exercise your privacy rights.

1. SCOPE
2. PERSONAL INFORMATION WE COLLECT
3. HOW WE USE YOUR INFORMATION
4. HOW WE DISCLOSE YOUR INFORMATION
5. YOUR PRIVACY CHOICES AND RIGHTS
6. SECURITY OF YOUR INFORMATION
7. INTERNATIONAL DATA TRANSFERS
8. RETENTION OF PERSONAL INFORMATION
9. CHILDREN’S INFORMATION
10. OTHER PROVISIONS
11. CONTACT US

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SCOPE

This Privacy Policy applies to personal information processed by us, including on our websites and other online or offline offerings. To make this Privacy Policy easier to read, our websites and other offerings are collectively called “ Services.”

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An Important Note: This Privacy Policy does not apply to any personal information that may be collected or processed by third party users of the Protocol (“Third Party Protocol Users”). Such Third Party Protocol Users’ respective privacy policies govern their collection and use of personal information.

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PERSONAL INFORMATION WE COLLECT

The categories of personal information we collect depend on how you interact with us, our Services, and the requirements of applicable law. We collect information that you provide to us, information we obtain automatically when you use our Services, and information from other sources such as third-party services and organizations, as described below.

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Information You Provide to Us Directly. We may collect personal information automatically when you use our Services:

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Automatic Data Collection . We may collect certain information automatically when you use our Services, such as your Internet protocol (IP) address, user settings, MAC address, cookie identifiers and other unique identifiers, browser or device information, location information (including approximate location derived from IP address), and Internet service provider. We may also automatically collect information regarding your use of our Services, such as pages that you visit before, during and after using our Services, information about the links you click, the types of content you interact with, the frequency and duration of your activities, and other information about how you use our Services.

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Cookies, Pixel Tags/Web Beacons, and Other Technologies. We, as well as third parties that provide content or other functionality on our Services, may use cookies, pixel tags, local storage, and other technologies (“Technologies”) to automatically collect information through your use of our Services.

Cookies. Cookies are small text files placed in device browsers that store preferences and facilitate and enhance your experience.

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Pixel Tags/Web Beacons . A pixel tag (also known as a web beacon) is a piece of code embedded in our Services that collects information about engagement on our Services. The use of a pixel tag allows us to record, for example, that a user has visited a particular web page. We may also include web beacons in e-mails to understand whether messages have been opened, acted on, or forwarded.

Our uses of these Technologies fall into the following general categories:

Operationally Necessary . This includes Technologies that allow you access to our Services, applications, and tools that are required to identify irregular website behavior, prevent fraudulent activity and improve security or that allow you to make use of our functionality;

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Performance-Related. We may use Technologies to assess the performance of our Services, including as part of our analytic practices to help us understand how individuals use our Services (see Analytics below);

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Functionality-Related . We may use Technologies that allow us to offer you enhanced functionality when accessing or using our Services. This may include identifying you when you sign into our Services or keeping track of your specific preferences, interests, or past items viewed;

See “Your Privacy Choices and Rights” below to understand your choices regarding these Technologies.

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Analytics. We may use Technologies and other third-party tools to process analytics information on our Services. Some of our analytics partners include:

Google Analytics. For more information, please visit [Google Analytics’ Privacy Policy ](http://www.google.com/policies/privacy/partners/). To learn more about how to opt-out of Google Analytics’ use of your information, please click [here](http://tools.google.com/dlpage/gaoptout).

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Social Media and Other Platforms. Our Services may contain  buttons for social media and other platforms such as GitHub, Twitter, Telegram, and LinkedIn (that might include widgets such as the “share this” button or other interactive mini programs). These features may collect your IP address, which page you are visiting on our Services, and may set a cookie to enable the feature to function properly. Your interactions with these platforms are governed by the privacy policy of the company providing it.

Information Collected from Other Sources.  We may obtain information about you from other sources, including through third-party services and organizations. For example, if you access our Services through a third-party application, such as an app store, a third-party login service, or a social networking site, we may collect information about you from that third-party application that you have made available via your privacy settings.

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HOW WE USE YOUR INFORMATION

We use your information for a variety of business purposes, including to provide our Services, for administrative purposes, and to market our products and Services, as described below.

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Provide Our Services.  We use your information to fulfill our contract with you and provide you with our Services, such as:&#x20;

* Managing your information and accounts;&#x20;
* Providing access to certain areas, functionalities, and features of our Services;
* Answering requests for customer or technical support;
* Communicating with you about your account, activities on our Services, and policy changes;
* Processing your financial information and other payment methods for products or Services purchased;
* Processing applications if you apply for a job we post on our Services; and
* Allowing you to register for events.

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Administrative Purposes.  We use your information for various administrative purposes, such as:

* Pursuing our legitimate interests such as direct marketing, research and development (including marketing research), network and information security, and fraud prevention;
* Detecting security incidents, protecting against malicious, deceptive, fraudulent or illegal activity, and prosecuting those responsible for that activity;
* Measuring interest and engagement in our Services;
* Improving, upgrading or enhancing our Services;
* Developing new products and Services;
* Ensuring internal quality control and safety;
* Authenticating and verifying individual identities, including requests to exercise your rights under this policy;
* Debugging to identify and repair errors with our Services;
* Auditing relating to interactions, transactions and other compliance activities;
* Enforcing our agreements and policies; and
* Complying with our legal obligations.

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Marketing our Products and Services.  We may use personal information to provide you with tailored content, such as through email campaigns. We may provide you with these materials as permitted by applicable law. If you have any questions about our marketing practices or if you would like to opt out of the use of your personal information for marketing purposes, you may contact us at any time as set forth in “ Contact Us” below.

Other Purposes.  We also use your information for other purposes as requested by you or as permitted by applicable law.

Consent. We may use personal information for other purposes that are clearly disclosed to you at the time you provide personal information or with your consent.

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De-identified and Aggregated Information. We may use personal information and other information about you to create de-identified and/or aggregated information, such as de-identified demographic information, de-identified location information, information about the device from which you access our Services, or other analyses we create.&#x20;

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Share Content with Friends or Colleagues . Our Services may offer various tools and functionalities. For example, we may allow you to provide information about your friends through our referral services. Our referral services may allow you to forward or share certain content with a friend or colleague. Please only share with us contact information of people with whom you have a relationship (e.g., relative, friend, neighbor, or co-worker).

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HOW WE DISCLOSE YOUR INFORMATION

We disclose your information to third parties for a variety of business purposes, including to provide our Services, to protect us or others, or in the event of a major business transaction such as a merger, sale, or asset transfer, as described below.

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Disclosures to Provide our Services.  The categories of third parties with whom we may share your information are described below.

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Service Providers. We may share your personal information with our third-party service providers who use that information to help us provide our Services. This includes service providers that provide us with IT support, hosting, payment processing, customer service, and related services.

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Business Partners. We may share your personal information with business partners to provide you with a product or service you have requested. We may also share your personal information to business partners with whom we jointly offer products or services.

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Affiliates. We may share your personal information with our company affiliates for our administrative purposes, including activities such as IT management, for them to provide services to you or support and supplement the Services we provide.

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APIs/SDKs. We may use third-party Application Program Interfaces (“APIs”) and Software Development Kits (“SDKs”) as part of the functionality of our Services. For more information about our use of APIs and SDKs, please contact us as set forth in “ Contact Us” below.

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Disclosures to Protect Us or Others.  We may access, preserve, and disclose any information we store associated with you to external parties if we, in good faith, believe doing so is required or appropriate to: comply with law enforcement or national security requests and legal process, such as a court order or subpoena; protect your, our, or others’ rights, property, or safety; enforce our policies or contracts; collect amounts owed to us; or assist with an investigation or prosecution of suspected or actual illegal activity.

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Disclosure in the Event of Merger, Sale, or Other Asset Transfers.  If we are involved in a merger, acquisition, financing due diligence, reorganization, bankruptcy, receivership, purchase or sale of assets, or transition of service to another provider, your information may be sold or transferred as part of such a transaction, as permitted by law and/or contract.

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YOUR PRIVACY CHOICES AND RIGHTS

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Your Privacy Choices. The privacy choices you may have about your personal information are determined by applicable law and are described below.

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Email and Telephone Communications. If you receive an unwanted email from us, you can use the unsubscribe link found at the bottom of the email to opt out of receiving future emails. Note that you will continue to receive transaction-related emails regarding products or Services you have requested. We may also send you certain non-promotional communications regarding us and our Services, and you will not be able to opt out of those communications (e.g., communications regarding our Services or updates to our Terms or this Privacy Policy).

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“Do Not Track.”  Do Not Track (“DNT”) is a privacy preference that users can set in certain web browsers. Please note that we do not respond to or honor DNT signals or similar mechanisms transmitted by web browsers.

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Cookies. You may stop or restrict the placement of Technologies on your device or remove them by adjusting your preferences as your browser or device permits. However, if you adjust your preferences, our Services may not work properly.

Your Privacy Rights. In accordance with applicable law, you may have the right to:

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Access Personal Information  about you, including: (i) confirming whether we are processing your personal information; (ii) obtaining access to or a copy of your personal information in a structured, commonly used, and machine readable format; and (iii) receiving an electronic copy of personal information that you have provided to us, or asking us to send that information to another company in a structured, commonly used, and machine readable format (the “right of data portability”);

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Request Correction of your personal information where it is inaccurate or incomplete. In some cases, we may provide self-service tools that enable you to update your personal information;

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Request Deletion of your personal information;

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Request Restriction of or Object to our processing of your personal information; and

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Withdraw your Consent to our processing of your personal information.  If you would like to exercise any of these rights, please contact us as set forth in “Contact Us” below. We will process such requests in accordance with applicable laws.

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SECURITY OF YOUR INFORMATION

We take steps to ensure that your information is treated securely and in accordance with this Privacy Policy.  Unfortunately, no system is 100% secure, and we cannot ensure or warrant the security of any information you provide to us. We have taken appropriate safeguards to require that your personal information will remain protected and require our third-party service providers and partners to have appropriate safeguards as well. To the fullest extent permitted by applicable law, we do not accept liability for unauthorized disclosure.  By using our Services or providing personal information to us, you agree that we may communicate with you electronically regarding security, privacy, and administrative issues relating to your use of our Services. If we learn of a security system’s breach, we may attempt to notify you electronically by posting a notice on our Services, by mail or by sending an email to you.

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INTERNATIONAL DATA TRANSFERS

All information processed by us may be transferred, processed, and stored anywhere in the world, including, but not limited to, the United States or other countries, which may have data protection laws that are different from the laws where you live. We endeavor to safeguard your information consistent with the requirements of applicable laws.  If we transfer personal information to countries outside the European Economic Area, we will put in place appropriate safeguards to ensure that this transfer complies with the applicable laws and regulations. For more information about these safeguards, please contact us as set forth below.

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RETENTION OF PERSONAL INFORMATION

We store the personal information we collect as described in this Privacy Policy for as long as you use our Services or as necessary to fulfill the purpose(s) for which it was collected, provide our Services, resolve disputes, establish legal defenses, conduct audits, pursue legitimate business purposes, enforce our agreements, and comply with applicable laws.

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CHILDREN’S INFORMATION

The Services are not directed to persons under 18 (or other age as required by local law), and we do not knowingly collect personal information from children.

If you are a parent or guardian and believe your child has provided personal information to our site without your consent, you may contact us as described in “Contact Us ” below. If we become aware that a child has provided us with personal information in violation of applicable law, we will delete any personal information we have collected, unless we have a legal obligation to keep it.

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OTHER PROVISIONS

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Third-Party Websites/Applications. The Services may contain links to other websites/applications and other websites/applications may reference or link to our Services. These third-party services are not controlled by us. We encourage our users to read the privacy policies of each website and application with which they interact. We do not endorse, screen or approve, and are not responsible for, the privacy practices or content of such other websites or applications. Providing personal information to third-party websites or applications is at your own risk.

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Supervisory Authority. If you are located in the European Economic Area, Switzerland, the United Kingdom or Brazil, you have the right to lodge a complaint with a supervisory authority if you believe our processing of your personal information violates applicable law.&#x20;

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Changes to our Privacy Policy . We may revise this Privacy Policy from time to time at our sole discretion. If there are any material changes to this Privacy Policy, we will notify you as required by applicable law. You understand and agree that you will be deemed to have accepted the updated Privacy Policy if you continue to use our Services after the new Privacy Policy takes effect.

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CONTACT US

If you have any questions about our privacy practices or this Privacy Policy, or to exercise your rights as detailed in this Privacy Policy, please contact us at: @RenzoProtocol

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# Audits

Security First!  Renzo has prioritized security by partnering with three leading web3 audit firms:\
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[Halborn](https://www.halborn.com/)&#x20;

* Renzo Protocol Withdrawals (May 2024) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Halborn_Renzo_Protocol_Withdrawals_Smart_Contract_Security_Assessment_Report.pdf>
* REZ Staking (April 2024) <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Halborn_Renzo_REZ_Smart_Contract_Security_Assessment_Report_Halborn_Final.pdf>
* &#x20;Smart Contract Security Assessment (November 2023) -[ ](https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Halborn_Renzo_Protocol_EVM_Contracts_Smart_Contract_Security_Assessment.pdf)<https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Halborn_Renzo_Protocol_EVM_Contracts_Smart_Contract_Security_Assessment.pdf>
* Flow Audit Report (September 2024) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/ezRVaults%20Audit.pdf>
* [Sigma Prime ](https://sigmaprime.io/)(June 2024) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/Sigma_Prime_Renzo_Restaking_Security_Assessment_Report_v2_1.pdf><br>
* [Code4rena](https://code4rena.com/) (June 2024) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/code4rena_Audit.md>
* Nethermind (April 2025) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/NM0445-FINAL_RENZO.pdf>
* Nethermind - Renzo Bridge (May 2025) - <https://github.com/Renzo-Protocol/contracts-public/blob/master/Audit/NM0445-FINAL_RENZO.pdf> <br>


# Bug Bounty

The Renzo Protocol is running a bug bounty program with Immunefi.  Details can be found here: <https://immunefi.com/bounty/renzoprotocol/>.


# Brand Kit

Please visit the external Notion linked below where you will find the Renzo brand kit ⤵️

{% embed url="<https://renzobrandkit.notion.site/Renzo-brand-kit-457239b95f4147579ff54a600c9b094c>" %}


