Glossary
Renzo
A liquid restaking protocol issuing ezETH against native-restaked ETH, focused on automated AVS selection on EigenLayer for retail users.
Renzo is a liquid restaking protocol that issues ezETH. Users deposit ETH or LSTs; Renzo restakes via EigenLayer and selects AVS exposures on the user's behalf, abstracting the AVS choice problem into a single token.
The model trades some control for convenience: the protocol decides which AVSs to subscribe to and how to balance their slashing risks. Renzo, ether.fi, Kelp, and Puffer between them hold most of the liquid restaking market on Ethereum.