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$1,594,145,626
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$1,584,349,565
solana
$9,796,061
ezETH
4.96%
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eigenLayer
pzETH
3%
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symbiotic
ezSOL
7.77%
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$ezEIGEN: Streamlining EIGEN Restaking
$ezEIGEN: Streamlining EIGEN Restaking

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. What is $ezEIGEN? $ezEIGEN is a new token introduced as part of Renzo’s products, designed to optimize the $EIGEN restaking process. Key Benefits: Automatic Reward Claiming: $ezEIGEN claims rewards from multiple AVSs automatically including EigenDA. Auto-Compounding: Rewards are auto restaked, maximizing efficiency. Minimise Gas Fee: Automation significantly cuts down on transaction costs. Trusted Technology: Built on the same secure tech stack as Renzo’s $ezETH product. How It Works: Open Renzo’s platform. Deposit your $EIGEN. Mint $ezEIGEN. Let Renzo handle claiming and compounding. Why Choose $ezEIGEN? Time Efficiency: No need for manual claiming and restaking. Cost-Effectiveness: Reduces overall gas costs by minimizing transaction frequency. Optimized Returns: Continuous restaking of rewards means optimal utilization of rewards. User-Friendly Design: The intuitive process makes restaking accessible to both noobs, degens and anyone in the middle. The Bigger Picture: $ezEIGEN represents a shift in $EIGEN restaking philosophy. By automating key processes, it not only saves time and potentially increases returns but also makes the entire restaking experience more accessible. This innovation could drive wider adoption of $EIGEN restaking, as it removes many of the barriers that might have deterred less tech-savvy users. Looking Ahead: As the restaking landscape evolves, solutions like $ezEIGEN pave the way for more efficient, user-centric protocols. This could set a new standard for how restaking mechanisms are designed and implemented across the industry. Conclusion: Addressing key challenges in the $EIGEN restaking process enhances individual strategies and contributes to the broader use of $EIGEN. By addressing key pain points in the restaking process, Renzo aims to change how we interact with and benefit from $EIGEN. Ready to simplify your restaking experience? Explore $ezEIGEN on Renzo today! $ezEIGEN: Streamlining EIGEN Restaking was originally published in Renzo Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Why Restake on Solana?
Why Restake on Solana?

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. At Renzo, our mission is to make restaking easy and accessible for everyone. This extends to the restaking of all assets on multiple L1 ecosystems, not just of ERC-20s on Ethereum. Our thesis is that this will unlock broader restaking use cases and allow for a more expansive design space, accelerating innovation and advancing the ethos of crypto worldwide. This article aims to provide a high-level overview of the thought process behind our decision to expand to Solana, with ezSOL being built on top of Jito’s (Re)staking product. Jito’s Architecture Jito’s (Re)staking program is built on a multi-layered architecture configured for flexibility, scalability, and enhanced economic security. This architecture is composed of three essential layers: Vault Layer: Manages asset custody and the creation and operation of Vault Receipt Tokens (VRTs) — what Jito calls LRTs. Operator Layer: Handles validator operations and network participation. NCN (Node Consensus Networks) Layer: Implements additional network functions economically secured by restaked assets. The integration between the three layers enables the development of flexible and scalable infrastructure without increasing the complexities of the system. The separation between the Vault, Operator, and NCN layers facilitates bidirectional agreements between parties in a controlled and risk-adjusted manner. Roles and responsibilities are clearly defined and enforced by slashing. NCNs can opt for a maximum amount of economic security, which results in greater rewards for restakers and the NCN not overpaying for security. Users can opt into (Re)staking by leveraging any SPL token, adding utility for these native tokens, and creating possibilities for intersubjective tokens. NCNs can leverage VRT platforms to provide a minimum amount of economic security, thus not putting them at risk of economic attacks. One of the most significant differences between Jito’s (Re)staking and other restaking protocols is that, by default, Jito uses a dual opt-in model for operators and stakers. In other protocols, anyone can delegate to any operator. Jito requires both the operator and the staker to agree, preventing issues where an operator may receive unwanted delegations. For a more in-depth explanation, please refer to this article. Solana’s Strengths Built on Solana’s high-performance blockchain, Jito (Re)staking offers fast transactions and low fees, making it accessible to many protocols and users. Below are a few strengths of Solana and how those strengths are a massive advantage when building products related to/ on top of (Re)staking: Sub-second Finality Solana achieves fast finality through its Proof of History consensus mechanism and Tower BFT. This rapid finality ensures that restaking operations can be completed almost instantaneously. This allows for rapid updates to restaked positions and restaking strategies, leading to optimal risk-reward ratios for end users with frequent and active rebalancing. Low Fees The cost of transactions on Solana is a fraction of what it typically is on Ethereum. Solana’s low fees result from the SVM, which minimizes computational overhead and can process transactions in parallel. Low fees democratize access to restaking, permitting more participants to engage without costs being a barrier, thereby promoting decentralization. Low fees also enable innovation in payment structures, allowing features such as micropayments from NCNs or other fine-tuned strategies. Cheap Storage Solana’s architecture supports more affordable on-chain storage. This is achieved by the accounts model and Solana’s rent economy. Solana’s rent economy charges a small fee for storing data on the blockchain to incentivize the pruning of unused accounts to maintain the network’s efficiency. Services like Helius or the Light Protocol protocol empower developers to optimize storage costs by leveraging ZK Compression. These solutions involve storing proofs that allow for the verification of data integrity without storing the entire dataset on-chain. While the full data might not be stored on-chain, proofs ensure data integrity. The ability to store proofs and essential data promotes the availability of extensive amounts of data and various metrics to analyze risk and performance in a more decentralized manner. This capability enables advanced features such as algorithmic rebalancing, on-chain risk management, and other exciting use cases for LRTs. High throughput Solana is built to handle many transactions with innovations such as Gulf Stream and Turbine. High throughput allows Solana to support large-scale dApps and complex smart contracts without experiencing congestion. This opens up new possibilities for innovation that are infeasible elsewhere. It also enables LRTs to monitor real-time metrics for actively managing restaked positions. Further, high throughput supports complex computations for NCN networks by creating more intensive rules and slashing conditions, thus enabling innovative design approaches. Cost of Payments and Proofs Low gas costs and high throughput will be a game changer for restaking products and services. Renzo was among the first to claim and process a payment on Eigenlayer. However, submitting proof on Eigenlayer is done fairly often and uses a lot of gas. At the time of writing, the Renzo on-chain proof submitter contract has spent roughly $2 million in gas fees since April 2024. This gas cost can reduce the APR earned by the protocol on Ethereum, especially at times of high network congestion. The equivalent transactions on Solana will cost pennies and have a negligible impact on rewards paid out by NCNs. Another avenue where Solana’s costs will be a significant advantage is when rebalancing a portfolio. Lower block times and cheaper gas fees positively impact various sectors, such as MEV or liquidity provisioning, enabling markets to be more efficient. When gas costs are not a barrier, liquidity providers can rebalance their positions actively to protect against impermanent loss and redeploy capital to new, more lucrative opportunities. Similarly, the lower cost of rebalancing a portfolio will allow Renzo to make more granular and optimal decisions about optimizing risk-adjusted rewards. Fully On-chain NCNs Jito (Re)staking on Solana has dramatically broadened the creative landscape by fostering the development of Fully On-chain NCNs with programmatic slashing and complete decentralization. Stakenet exemplifies how Solana’s infrastructure enables advanced and decentralized staking mechanisms, providing a blueprint for future projects to build similarly robust and decentralized systems. Instead of relying on centralized entities or off-chain solutions for validation and enforcement, Fully On-chain NCNs will leverage Solana’s architecture to ensure that all processes, including slashing, are executed on-chain. With programmatic slashing directly on-chain, these networks can operate autonomously, ensuring that participants are subject to the rules of the network without the risk of human intervention or error, further decentralizing the control and governance of restaking protocols. Use Cases Unlocked A critical aspect of restaking protocols is their alignment with the underlying blockchain ecosystem. Projects built on Solana would have a preference towards restaking assets native to Solana for various technical and non-technical reasons. Use cases such as co-processors and data availability solutions servicing Solana can now derive economic security from Solana and not look for it externally. Solana’s programming model, particularly CPIs (Cross-Program Invocations), allows for seamless integrations between protocols, enhancing composability. Solana-based incentives for security and restaking activity are better handled and distributed on the Solana network alone. Further, this also implies that Solana’s shared security is not impacted by external events on Ethereum or other blockchains, creating a sort of silo and reducing risk. Over the next few months, multiple projects and market leaders will adopt restaking on Solana to secure various parts of their tech stack. Some prominent use cases that are likely to emerge include: MEV Protection Some forms of MEV disproportionately benefit value extractive bots over the rest of the ecosystem and could be considered exploitative. To combat this, NCNs can be created to align validator incentives and minimize predatory MEV practices. These networks can implement programmatic slashing and tokenized collateral to discourage harmful activities like frontrunning and sandwich attacks. There will also be NCNs that capture and redistribute “good” MEV. By capturing beneficial MEV and redistributing it in a way that supports network health, these NCNs can ensure that the value extracted from transactions benefits the broader ecosystem rather than just a few participants. These networks will leverage restaked assets to enforce rules and behaviors that protect against harmful MEV, providing additional layers of security and incentives for validators to act in the network’s best interest. Solana L2s We anticipate that multiple NCNs will try to service the up-and-coming L2 ecosystem on Solana in the following verticals: NCNs that operate sequencers and are secured by the L2’s native token NCNs that enable services such as data availability, verification, co-processors, and other essential use cases for L2 and L1 ecosystems Notably, Sonic is an SVM Layer 2 designed for gaming on Solana that will utilize Jito (Re)staking to bolster economic security on the L2. Cross-chain communication NCNs can be a great way to secure cross-rollup and cross-chain communication on L2s built on top of Solana. Legacy bridging between chains is relatively slow due to the slow finality and high associated costs of the chain. Solana can function as a fast finality layer, with the NCNs being secured by various restaked assets. Native yield on Solana Today, roughly 65% of Solana is staked. Jito’s (Re)staking platform unlocks the possibility of using this collateral as economic security for NCNs, earning users both restaking rewards and the Solana staking yield. Oracles and Keeper Networks NCNs will also be crucial in supporting oracles and keeper networks within the Solana ecosystem. NCNs designed for oracles will ensure data accuracy, reliability, and decentralization by leveraging restaked assets to incentivize honest reporting and penalize malicious actors through slashing. Keeper networks, which automate the execution of tasks within smart contracts (such as liquidations, rebalancing, etc.), will also benefit from NCNs. These networks will ensure that critical tasks are performed reliably and on time, backed by the security and economic incentives provided by restaking infrastructure. This is a non-exhaustive list of possibilities. Jito (Re)staking will enable the >$50 billion Solana staking market to be used as economic security and lead to a Cambrian explosion of new developments. If you’re working on something exciting and would like to contact Renzo, you can do so here. Solana’s capabilities uniquely address the challenges in the restaking space related to high costs, risk management, and efficient reward distribution for restaked assets. Its high throughput, low fees, and advanced token management allow for better risk-adjusted returns, precise reward allocation, and seamless handling of assets. This infrastructure allows platforms like Renzo to optimize the restaking experience, providing users with enhanced security, better economic incentives, and reduced complexity, making Solana an ideal foundation for the next generation of restaking protocols. Why Restake on Solana? was originally published in Renzo Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Chainlink Launches Support for ezETH, the First Implementation for an EigenLayer Liquid Restaking…
Chainlink Launches Support for ezETH, the First Implementation for an EigenLayer Liquid Restaking…

Chainlink Launches Support for ezETH, the First Implementation for an EigenLayer Liquid Restaking Protocol We’re excited to announce that Renzo — the restaking hub of EigenLayer — has been integrated into Chainlink Price Feeds on Ethereum mainnet, Arbitrum 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/ This article was originally posted on Renzo’s deprecated Mirror.xyz: https://mirror.xyz/renzoprotocol.eth/c8achOl7yFk7hFLjyV56n3turYpIArh28ppu3PTeJaA Chainlink Launches Support for ezETH, the First Implementation for an EigenLayer Liquid Restaking… was originally published in Renzo Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.