Why This Matters

Distributing liquid restaking rewards matters for user experience, DeFi composability, operational cost, and, potentially, tax treatment. The following piece explores four practical approaches to distribution.

When we began designing our liquid restaking layer on top of Jito’s (Re)staking platform, we faced an architectural choice that ends up shaping almost every downstream user experience: should we have just one vault that accepts every major Solana LST, or should we have multiple LRT vaults, each backed by just one LST? At an initial glance, the basket model looks like the obvious choice: why not just sweep jitoSOL, BNSOL, and a dozen smaller tokens into a single pool and have a single, unified LRT? But once you trace the full life cycle of a restaked asset, the advantages of a single-asset design become more clear.

Renzo’s latest product, $ezEIGEN, is set to transform how users restake their $EIGEN. Let’s explore how this solution addresses common pain points and enhances the restaking experience.

Over the last year, restaking has emerged as one of the leading trends in crypto, gaining traction from investors, developers, and users across the globe. EigenLayer was a first-mover, garnering significant mindshare and TVL in the ecosystem. In the past month, we have seen an expansion with both emerging and established teams embracing restaking on various L1s with diverse concept choices.

Starting with our launch in January, Renzo has unlocked native restaking on 7 networks 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.

April 26th marks the end of Renzo's Season 1 ezPoints campaign, where we've seen immense growth in active users and TVL. Renzo makes restaking ez for everyone!

We’re excited to announce that Renzo—the restaking hub of EigenLayer—has been integrated into Chainlink Price Feeds on Ethereum mainnet, Arbitrium and Linea.  By integrating the industry-leading decentralized computing platform, Renzo’s ezETH now has access to high-quality, tamper-proof price feeds needed to deliver secure and expanded access to the most intelligent liquid restaking strategies. Ultimately, this provides Renzo users with industry-standard price data feeds needed for Renzo DeFi integrations.

Renzo ezPoints are meant to reward users who contribute to the protocol's success. Starting with the Renzo Beta mainnet launch on December 18th, 2023, every participant in the Renzo ecosystem will receive points.