Renzo Protocol Proposes Transition from ezPoints to Strategic Incentive Program
Renzo Protocol Proposes Transition from ezPoints to Strategic Incentive Program
🔄 Points Program Gets Makeover
Renzo Protocol has initiated voting for RP-4, proposing to replace the ezPoints program with a new Strategic Incentive Program. The proposal comes as Season 4's snapshot was completed on March 31st.
Key updates:
- Season 4 point totals viewable on Renzo Portfolio
- REZ claims will be on Base network
- New integrations with Aave, Kamino Finance, Uniswap, and 0xfluid
The shift from points-based rewards is driven by:
- Diminishing returns at $1bn+ participation
- Renzo's strong market position with ezETH and ezSOL
- Need for more strategic growth incentives
Users will receive direct REZ rewards instead of waiting months for points calculations.
Voting is live for RP-4 🗳️ If passed, the ezPoints program will be sunset and replaced with the Strategic Incentive Program. Learn more about RP-4: x.com/RenzoProtocol/… Discuss: discord.com/invite/renzopr… Vote: snapshot.box/#/s:renzogover…
A new governance proposal (GP-4) has been submitted to pave the way for a new chapter of REZ incentives. gov.renzoprotocol.com/t/rp-4-new-str… Should this proposal pass, the Strategic Incentive Program will replace the ezPoints program with the goal of driving protocol adoption for key Renzo
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)