To place it in very simple conditions, your staked ETH is being restaked to safe these AVSs. But since Just about every AVS differs and it might include inherently variable possibility profiles, the rewards also are distinctive (you get benefits for staking and restaking, bear in mind?) So, which AVS must you immediate your tokens to, and what’s the very best tactic?
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The muse allocation will probably be utilized to fund initiatives that widen the reach of $ezETH, for instance: further more advancement, chance assessments and audits
Essential to Renzo’s commitment to decentralization may be the REZ token – a copyright that’s built to energy the governance in the protocol.
The opportunity to re-stake right on layer two networks also provides the worth of decreased Charge. This feature aims to help make ETH staking far more attractive by bypassing the cost and utility limits of ETH staking.
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Renzo worked with a 3rd-celebration details analytics firm to detect sybil wallets and determined that a least number of ezPoints for each wallet, as in the snapshot day, was needed to qualify for the token distribution.
Renzo has deprecated the aged $REZ staking system. The (legacy) $REZ stakers are necessary to manually unstake their positions and migrate them to $ezREZ. To streamline the procedure, Renzo minimized the cooldown interval from seven days to only 1 hour.
Withdrawing belongings entails unstaking the deposited property, and it can be subject matter to your re-staking system and EigenLayer’s unstaking protocol. The withdrawal process might take a renzo protocol minimum of seven times, dependant upon the over elements.
Enter the amount of $REZ token that you want to to deposit. You could click MAX to enter the maximum tokens accessible as part of your wallet.
Renzo is focused on the extended-time period growth from the protocol and its community; Hence, a vesting agenda will probably be placed on the biggest airdrop recipients to align extended-term incentives Along with the Renzo Neighborhood.
You will be confused because of the time period liquid restaking, Which’s wholly easy to understand. In spite of everything, Yet another common narrative is centered all over liquid staking.
It provides an increased produce than standard ETH staking and abstracts the complexities surrounding Ethereum staking.
Renzo strongly advocates for permissionless innovation on Ethereum, and programmatically obtaining belief for your ecosystem. Renzo is crafted to advertise the common adoption of these technologies as well as platforms that facilitate them, like EigenLayer and Symbiotic.