Renzo Protocol Launches bzSOL Restaking for Binance Staked SOL
Renzo Protocol Launches bzSOL Restaking for Binance Staked SOL
🔄 bnSOL Just Got Spicier
Renzo Protocol is launching bzSOL, a new restaking solution for Binance Staked SOL (bnSOL), with deposits opening January 14th at 8 AM EST for 24 hours.
Key features:
- Users can deposit SOL or bnSOL to mint bzSOL
- Generates additional rewards from Jito Tip Router service
- Rewards auto-compound into bnSOL
- Maintains liquidity while earning extra yield
- Compatible with DeFi protocols for additional earnings
The system builds on Renzo's 1.5 years of experience with Ethereum restaking, now expanding to Solana in partnership with Jito and Binance.
Visit app.renzoprotocol.com/bzsol to participate
Renzo Partners with Chaos Labs for Risk Assessment
Renzo Protocol is advancing its restaking capabilities through a partnership with Chaos Labs for comprehensive risk assessment. This development follows their previous collaboration with EigenLayer for trusted restaking solutions. Key Updates: - Integration with CapMoney for expanded restaking features - Risk assessment framework being developed by Chaos Labs - Builds on existing EigenLayer partnership from November 2024 This strategic expansion aims to enhance security and transparency in the restaking ecosystem while maintaining institutional-grade standards.
Renzo Protocol Weekly Buyback Report
This week's Renzo Protocol buyback utilized 2.55 ETH ($6.5k) in revenue to purchase and auto-compound 567,190 $ezREZ tokens, maintaining a 42.34% APY. Key points: - Revenue source: Currently limited to instant withdrawal fees - Auto-compound mechanism active - Community governance opportunity identified The protocol suggests expanding the buyback program to additional revenue streams through community governance participation. Previous week's metrics showed similar performance with 3.05 ETH in fees and 513,142 REZ auto-compounded at 47.01% APY. [View Transaction](https://etherscan.io/tx/0xfa79751407f15ef0429e636d51d8c60db4db08b471c7eaaddeb6c358e7da7f0e)
Renzo Protocol Joins SparkLend, Enables ezETH Borrowing
SparkLend has expanded its borrowing options by onboarding Renzo Protocol, allowing users to borrow against ezETH tokens. This integration is part of a broader expansion that includes four new assets: - rsETH from KelpDAO - ezETH from Renzo Protocol - tBTC from The T Network - LBTC from Lombard Finance Users can now access these enhanced borrowing capabilities on [Spark's platform](https://app.spark.fi/borrow).
Renzo's ezETH Launches on Fluid with Enhanced Features
Renzo's ezETH has launched on Fluid, offering new DeFi capabilities: - Two new pools available: * ezETH / wstETH * ezETH-ETH / wstETH **Key Features:** - Up to 96% LTV for wstETH borrowing - Smart Collateral and Smart Debt functionality - 4x points earning on all ezETH deposits - Intuitive interface for swapping, lending, and borrowing Users can supply ezETH or ezETH-ETH as collateral, enabling dual-sided rewards through Smart Collateral and Smart Debt systems. [Visit Fluid's documentation](https://fluid.guides.instadapp.io/vault-protocol/vaults-on-fluid) for detailed information.
Renzo Protocol Expands to Base L2 with REZ/USDC Pool Launch
Renzo Protocol has expanded to Base, one of the fastest-growing L2 networks powered by Coinbase. The integration features: - First REZ DeFi integration on Base through REZ/USDC pool on Aerodrome Finance - Bridge functionality powered by Hyperlane - Additional rewards for LP providers Users can access the new features through: - [Aerodrome Finance](https://aerodrome.finance/pools) for liquidity provision - [Renzo Bridge Dapp](https://app.renzoprotocol.com/bridge) for token bridging Support available via [Discord](https://discord.gg/renzoprotocol)