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ezETH
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$ 2481.93
ezETH is the liquid restaking token representing a user’s restaked position at Renzo. Read More
ezETH is the liquid restaking token representing a user’s restaked position at Renzo. Users can deposit native ETH or LSTs and receive ezETH.RewardsezETH is a reward bearing token similar to cTokensThe underlying restaking positions earn rewards which are reflected in the price of ezETHRewards are expected in ETH, USDC and Actively Validated Services (AVSs) reward tokens.This means the value ezETH increase relative to the underlying LSTs as it earns more rewards in AVS tokensTo mint ezETH, simply go to the renzoprotocol.com/restake and stake your ETH or LSTsWithdrawalsDepending on the restaking strategies deployed, unstaking will take a minimum of 7 days, primarily due to EigenLayer unstaking requirements, but will vary depending on each AVS.If the deposits and withdrawals are balanced, the rewards are equally distributed regardless of the asset being withdrawn.If the deposits and withdrawals are unbalanced, while the principal will be withdrawn in whole the rewards are different for each asset incentivizing the balance based on the jump rate modelTransfersPlease note, ezETH withdrawals are not enabled. You are encouraged to supply liquidity or sell ezETH on Balancer, that offers a superior mechanism to convert ezETH into ETH for most cases. Visit the ezETH/WETH Balancer Pool.FeesRenzo passes 100% of any EigenLayer rewardsThe fees will be split between protocol reserves (treasury) and Renzo node operators