Renzo Protocol Weekly Revenue and Staking Update
Renzo Protocol Weekly Revenue and Staking Update
💰 41% APY... But How?
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
Restaking $ezREZ earns you 41.57% APY 2.36 ETH ($6.0k) of revenue was used to buyback and auto compound 571,429 $ezREZ this week etherscan.io/tx/0x9a7f23f9c…
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).