Renzo Protocol Updates Bridge and Security Measures
Renzo Protocol Updates Bridge and Security Measures
馃攼 Bridge Changes You Should Know
Renzo Protocol announces key security updates and bridge modifications:
- Bridge transfers to Blast disabled while transfers out remain supported
- Timelock increased from 3 to 7 days
- Multi-sig requirements strengthened from 3-of-5 to 4-of-6
- Global Admin now managed by timelock
- ChaosLabs onboarded as risk manager
Security partnerships continue with Hexagate, Halborn, Immunefi, and BrainChain Tech.
Security Reminder: Users advised to regularly check and revoke unnecessary permissions using RevokeCash or Rabby.
A secure & reliable multi-sig solution is one of the key requirements to safely manage bridge routes for Renzo assets. Thus Renzo has decided to - Disable bridge transfer to @blast - Continue to support transfer out More information on the @safe integration 馃憞馃徏
We鈥檝e decided not to renew our service agreement with @Safe. If you previously used their frontend to access your multisig wallet, you have two options: 1. Use @BrahmaFi鈥檚 hosted frontend 2. Host your own frontend to reduce supply chain risk (instructions here:
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)