Chainlink has added mark feed enhance for Renzo, an EigenLayer restaking protocol.
The mixing sees the Chainlink Designate Feeds on hand for Renzo’s ezETH on the Ethereum mainnet, Arbitrum and Linea networks, the staking protocol launched on March 21.
Renzo’s boost on the market
Chainlink’s provider will enhance Renzo’s DeFi ecosystem, offering for extra boost. This might occasionally come within the invent of particular person acquire entry to to safe files feeds.
Platforms delight in Compound require Chainlink Designate Feeds and this integration provides for that. Integrating Chainlink is thus a gigantic enhance for Renzo.
The protocol will magnify its reach unswerving during the liquid restaked ETH and LSTs market. Because it grows its market half, the staking protocol will add different Chainlink providers, including Chainlink Automation and CCIP.
“Ever since studying about Chainlink at ETH Denver 2018, I’ve been following the protocol and own been impressed with how it has evolved to be the stay supplier for bringing valid-world spend cases to lustrous contracts. Our preliminary integration of Chainlink Designate Feeds is suitable the origin,” James, founding contributor at Renzo, stated in a press liberate.
ezETH rewards and parts
Renzo’s ETH restaking product permits customers to restake ETH and liquid staking tokens (LSTs).
The LSTs encompass tokens equivalent to stETH and wBETH. ezETH is the token customers acquire when they restake on Renzo and is obligatory to the ETH staking ecosystem.
ezETH reveals a particular person’s restaked role, while rewards are distributed by diagram of ETH, USDC, and Actively Validated Products and providers (AVS) reward tokens.
Notably, ezETH rewards robotically ponder within the token’s mark. Meanwhile, ezETH holders can plot ezPoints and EigenLayer parts.
Renzo lately got a strategic funding from Binance Labs and files from DeFiLlama reveals its TVL has spiked to above $1.25 billion.
The publish Chainlink integrates EigenLayer liquid restaking protocol Renzo regarded first on Invezz
