Renzo

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Renzo's governance or utility token carries a market capitalisation of 26,3 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (26,3 Mio. $) is small relative to deposits secured by the protocol (428,5 Mio. $); a mcap/TVL multiple of 0.06× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Dec 19, 2023
   Auf DeFiLlama gelistet

Renzo is a Liquid Restaking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed across 13 chains, including Ethereum, Arbitrum, Linea, Solana and 9 other chains. The codebase has been independently audited (1 report on file).

Renzo runs a multi-chain deployment, with smart contracts live on 13 networks. Roughly 96% of its on-chain value sits on just three networks (Ethereum, Arbitrum, Linea), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (26,3 Mio. $) is small relative to TVL (428,5 Mio. $) — a mcap/TVL ratio of 0.06 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Renzo — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Renzo is one of 7 Liquid Restaking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include ether.fi Stake, Kelp, Mantle Restaking, and 3 more. These peer protocols collectively secure 7,8 Mrd. $ in deposits, giving you a frame of reference for whether Renzo's own TVL is at the top, middle, or tail of the category.

ether.fi Stake

TVL 6,1 Mrd. $ · 24h +0.64%

Kelp

TVL 1,4 Mrd. $ · 24h +0.12%

Mantle Restaking

TVL 177,7 Mio. $ · 24h +0.04%

Puffer Stake

TVL 69,3 Mio. $ · 24h -0.28%

Mellow Restaking

TVL 57,3 Mio. $ · 24h -0.08%

Swell Liquid Restaking

TVL 38,2 Mio. $ · 24h +0.11%