Renzo Protocol is the simplest liquid restaking UX. Deposit ETH (or supported LSTs), receive ezETH. Renzo handles all AVS selection and delegation — users get diversified EigenLayer exposure without picking individual AVSs. Multi-chain deployment (Blast, Mode, Linea, and more) extends its reach beyond Ethereum mainnet.
What Renzo actually is
Renzo is a liquid restaking protocol that abstracts EigenLayer complexity. Users deposit ETH or supported LSTs; Renzo delegates across a diversified set of AVSs. Users receive ezETH (value-accruing, no rebase) representing their stake.
The AVS selection strategy is managed by Renzo — users don't need to research individual AVSs. This is a UX simplification with a real trust trade-off: you're trusting Renzo's judgment on AVS risk.
ezETH depeg (April 2024)
ezETH briefly depegged during a leveraged position unwind in April 2024. Peg restored within days but the incident highlighted that even value-accruing LRTs can have secondary-market pricing volatility.
Post-incident, Renzo added more Curve liquidity and improved oracle integration to reduce future depeg risk.
Who should use Renzo
- Users wanting simplest restaking UX
- Multi-chain LRT users (Renzo supports Blast, Mode, Linea, more)
- REZ token holders wanting governance participation
Verdict
Renzo is the simplest liquid restaking option. If you want restaking exposure without managing AVS selection, Renzo delivers — with the small tail risk that Renzo's judgment on AVS mix affects your returns.