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’s ezETH integration with Chainlink allows for new DeFi integrations that require Chainlink pricefeeds, including Compound Finance.  Chainlink was chosen as Renzo’s preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the most widely adopted price data standard in Web3, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Renzo x Chainlink

Renzo provides liquid access to restaked ETH and LSTs through the ezETH. Built as a layer on top of EigenLayer, Renzo abstracts away the selection and delegation complexities for EigenLayer Node Operators and Actively Validated Services (AVS). Holders of ezETH can receive restaking rewards including ETH, USDC, and Actively Validated Services reward tokens. The rewards are automatically reflected in the price of ezETH so that recipients never have to worry about claim costs or waiting periods. This not only adds additional rewards in comparison to other LSTs but Renzo users are also eligible to receive both ezPoints and EigenLayer points.

In order to help secure Renzo’s asset deposit and pricing logic, there was a need to access fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, Renzo needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed.

After reviewing various oracle solutions, Renzo integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.

• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.

• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.

• Reputation System  — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

In the future, Renzo is looking to leverage several services on the Chainlink platform, including additional price data feeds, Chainlink Automation, and the industry-standard Chainlink CCIP.

“Ever since learning about Chainlink at ETH Denver 2018, I’ve been following the protocol and have been impressed with how it has evolved to be the top provider for bringing real-world use cases to smart contracts. Our initial integration of Chainlink Price Feeds is just the beginning. Chainlink offers a whole platform of developer services that can help us move faster and focus on what matters while staying secure with the best infrastructure the blockchain industry has to offer.”

- James, Founding Contributor at Renzo

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About Renzo Protocol

Renzo is the restaking hub of Eigenlayer built to streamline and expand access to the most intelligent Liquid Restaking strategies. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing Actively Validated Services (AVS) while delivering a powerful interface for risk management and rewards tracking on Eigenlayer. With Renzo’s ezETH—the most integrated Liquid Restaking Token (LRT)—users can access broad exposure to the EigenLayer (and Ethereum) ecosystems with more opportunities to generate rewards. Learn more: https://www.renzoprotocol.com/