<p>ezETH is the liquid restaking token representing a user’s restaked position at Renzo. Users can deposit native ETH or LSTs and receive ezETH.</p><h3>Rewards</h3><ul><li><p>ezETH is a reward bearing token similar to cTokens</p></li><li><p>The underlying restaking positions earn rewards which are reflected in the price of ezETH</p></li><li><p>Rewards are expected in ETH, USDC and Actively Validated Services (AVSs) reward tokens.</p></li><li><p>This means the value ezETH increase relative to the underlying LSTs as it earns more rewards in AVS tokens</p></li><li><p>To mint ezETH, simply go to the renzoprotocol.com/restake and stake your ETH or LSTs</p></li></ul><h3>Withdrawals</h3><ul><li><p>Depending on the restaking strategies deployed, unstaking will take a minimum of 7 days, primarily due to EigenLayer unstaking requirements, but will vary depending on each AVS.</p></li><li><p>If the deposits and withdrawals are balanced, the rewards are equally distributed regardless of the asset being withdrawn.</p></li><li><p>If the deposits and withdrawals are unbalanced, while the principal will be withdrawn in whole the rewards are different for each asset incentivizing the balance based on the jump rate model</p></li></ul><h3>Transfers</h3><ul><li><p>Please note, ezETH withdrawals are not enabled. You are encouraged to supply liquidity or sell ezETH on Balancer, that offers a superior mechanism to convert ezETH into ETH for most cases. Visit the ezETH/WETH Balancer Pool.</p></li></ul><h3>Fees</h3><ul><li><p>Renzo passes 100% of any EigenLayer rewards</p></li><li><p>The fees will be split between protocol reserves (treasury) and Renzo node operators.</p></li></ul>

Renzo Restaked ETH

ezETH is the liquid restaking token representing a user’s restaked position at Renzo.

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Renzo Restaked ETHezETH

Renzo Restaked ETH Arbitrage

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