What is the current price of Renzo?
The current price of Renzo is $0.003838 with a 3.38% change in the last 24 hours.
Hyperliquid perpetuals only. One snapshot every 5 minutes, up to 20 returned price levels per side. Liquidity beyond those levels is unknown. This is not a liquidation heatmap or a fill estimate.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Renzo is a liquid restaking protocol. Its core product, ezETH, lets a depositor put ETH or a liquid staking token into Renzo and receive a single transferable token that represents an EigenLayer restaked position, so the capital keeps earning Ethereum staking rewards, additionally earns restaking rewards, and still stays usable in DeFi. REZ is the protocol's governance token.
The important detail is what ezETH actually is. It is a reward-bearing token, modeled on Compound's cTokens rather than on a rebasing balance. Your ezETH balance does not grow; the amount of underlying ETH each ezETH can claim grows as staking and restaking rewards are harvested and compounded back into the protocol.
Official sources:
Renzo was co-founded in 2023 by Lucas Kozinski, James Poole, and Kratik Lodha, operating as Renzo Labs. The protocol went live in December 2023, in the first wave of liquid restaking tokens built on EigenLayer, and raised a seed round led by Maven11 Capital in January 2024. REZ was distributed in April 2024, including through a Binance Launchpool allocation.
Renzo's most instructive moment came shortly afterward. On April 24, 2024, ezETH traded far below its underlying value on decentralized exchanges after the first points season ended and holders rotated out. The token never lost its backing, but the price dislocation triggered cascading liquidations for users who had borrowed against leveraged ezETH positions. It is the clearest available illustration of the gap between a liquid restaking token's redemption value and its secondary market price.
Since then, Renzo has broadened well beyond a single ETH product. It now presents itself as a staking, restaking, and capital deployment platform organized into three suites, operating across Ethereum, Solana, and a long list of layer 2 networks.
Deposit and mint A user deposits ETH or an accepted liquid staking token and receives ezETH at the current ratio of collateral to supply. Renzo handles validator setup, the EigenLayer contract interactions, and distribution of the pooled collateral across professional node operators according to per-operator weights. Those operators run the software for Autonomous Verifiable Services, the EigenLayer services (previously called Actively Validated Services) that buy economic security from restaked capital.
Reward harvesting and auto-compounding Staking, restaking, and service rewards are redeposited into the protocol rather than paid out as new tokens. Non-ETH rewards are converted through Renzo's ezAuctions mechanism to limit slippage. Renzo passes through EigenLayer rewards in full and charges a 10 percent fee on restaking rewards, split evenly between the treasury and node operators.
Withdrawal Withdrawals are processed on Ethereum mainnet. Because of EigenLayer's slashing upgrade and the beacon chain exit queue, an ezETH withdrawal can take up to about 15 days, and rewards stop accruing the moment a withdrawal is initiated. On layer 2s, users bridge to mainnet or swap on a decentralized exchange instead.
REZ is a governance token with a fixed total supply of 10,000,000,000, deployed on Ethereum, Base, and Solana. It is used to vote on:
Voting happens on Snapshot after a discussion phase on the governance forum. Voting power comes from delegated REZ, a legacy staking contract, and ezREZ. Staked REZ and ezREZ are self-delegated automatically, but REZ sitting in a wallet has no voting power until the holder delegates it. The quorum threshold is 100,000,000 REZ and proposals need a simple majority.
Renzo is not a chain; it is a protocol layered on Ethereum staking. Against a plain liquid staking token such as Lido's stETH, ezETH adds a second reward source and a second risk source, because the same collateral is also exposed to service-level slashing conditions. Against other liquid restaking tokens like those from ether.fi, Puffer, or Swell, the differences are largely in operator selection, cross-ecosystem breadth, withdrawal design, and integration depth rather than in the underlying concept.
Security is a chain of dependencies rather than a single perimeter. It rests on Renzo's own smart contracts, on EigenLayer, Symbiotic, or Jito underneath, on the correctness and availability of the node operators Renzo delegates to, on the Chainlink oracles used for pricing layer 2 deposits, and on the bridge infrastructure connecting the deployments. Renzo publishes audit reports for its vault contracts through its public contracts repository.
Slashing is now live on EigenLayer, which means restaked collateral can be penalized for operator faults on the services it secures. That is the fundamental tradeoff of restaking: the extra yield exists because the collateral carries extra obligations.
Restaking turned Ethereum's validator set into a market for rented security, and liquid restaking tokens are how ordinary holders access that market. Renzo is one of the larger implementations, and it has been unusually explicit in documenting the mechanics that actually determine outcomes: fee splits, withdrawal timelines, operator weighting, and reward conversion. For anyone trying to understand what a liquid restaking token really represents, Renzo's documentation is a better starting point than most.
REZ is listed on a broad set of centralized exchanges and trades on decentralized venues across Ethereum, Base, and Solana. Availability, pairs, and jurisdictional access vary, so confirm support and the correct network before depositing.
REZ has commonly been available on:
Common pairs include REZ/USDT and REZ/USD where supported.
After purchase, REZ can be held:
The three deployments are separate tokens on separate networks. Always confirm the network before sending, and remember that unstaked, undelegated REZ does not vote.
You can compare REZ with related ecosystems on Coinrithm:
Track Renzo live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Renzo on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Renzo with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Renzo with real money.
Read the complete paper trading guideThe current price of Renzo is $0.003838 with a 3.38% change in the last 24 hours.
The daily trading volume is $514,973 representing a 5.45% change in the past 24 hours.
The market capitalization of Renzo is $34,897,549, ranking #408 globally.
The fully diluted valuation (FDV) of Renzo is $38,384,886, calculated assuming the maximum supply of 10,000,000,000 REZ is in circulation.
Circulating: 9,091,481,867. Total: 9,814,629,224. Max: 10,000,000,000.
In the last 24 hours, Renzo traded between a low of $0.003817 and a high of $0.004006.
REZ/USDTTether USDT0.003838 USDT
Renzo has launched its Basis strategy on Hyperliquid in order to offer automated market-neutral yield strategies with risk controls and 24/7 onchain access.
Renzo Basis will first support BTC and HYPE and is designed to let users earn yield from funding rates through automated positions.
