Renzo Protocol Partners with Cap for Restaked Asset-Backed Stablecoins
Renzo Protocol Partners with Cap for Restaked Asset-Backed Stablecoins
馃攧 Restaked Assets Meet Stablecoins
Renzo Protocol announces a strategic partnership with Cap to launch a new type of stablecoin backed by restaked assets. This follows Renzo's recent expansion to Base network, which included:
- REZ token listing on Coinbase for spot trading
- REZ perpetuals on Coinbase Advanced
- Launch of REZ Bridge to Base
- Native restaking capabilities on Base
The protocol has integrated with major DeFi platforms including Compound, Aerodrome, and Euler Finance on Base. Users can explore these integrations at Renzo's DeFi portal.
Cap is ushering a new era of stablecoin backed by restaked assets. Renzo is not only an investor but a strategic day 1 launch partner for Cap and it's borrowers. Get ready things are about to get interesting... renzoprotocol.com
1/ 馃殌 Cap鈥檚 Launch Roadmap is Here Cap is a stablecoin protocol built by DeFi veterans from Beefy, Frax, and QiDao. Our goal: scale yield for stablecoins while maintaining credible financial guarantees. Here鈥檚 how the protocol will launch 馃憞
Renzo Protocol Weekly Revenue and Staking Update
Renzo Protocol maintains strong staking yields with current $ezREZ restaking APY at 41.57%. The protocol executed a weekly buyback of 571,429 $ezREZ tokens using 2.36 ETH ($6.0k) in revenue, continuing its auto-compound strategy. The buyback program currently utilizes only instant withdrawal revenue. Community members are encouraged to participate in governance to potentially expand the program to additional revenue streams. - Current APY: 41.57% - Weekly Buyback: 571,429 $ezREZ - Revenue Used: 2.36 ETH ($6.0k) - Transaction: [View on Etherscan](https://etherscan.io/tx/0x9a7f23f9c9eb0a060e807003fb805b9ee1a07a65145762cec3b1194d843f4b9a)
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)
Renzo Protocol's REZ Token Launches on Coinbase with Perpetual Futures Coming Soon
Renzo Protocol's native token REZ is now available for trading on Coinbase, accessing a user base of over 105 million. The launch is exclusively on ETH mainnet. Key updates: - REZ trading live on Coinbase main platform - Perpetual futures trading coming to Coinbase International Exchange - Additional perpetual futures planned for Coinbase Advanced Users should exercise caution with links and verify official announcements through [@CoinbaseAssets](https://twitter.com/CoinbaseAssets).