Renzo Protocol allows users to acquire ezETH tokens that accumulate additional rewards on stETH, wBETH, or ETH through the harvesting of EigenLayer points and ezPoints. The token is available on multiple L2 networks, making investors less dependent on Ethereum gas prices. To get more familiar with the protocol, check out our <a href="https://notum.ai/protocol/renzo-protocol-notum">article</a> on Renzo.

What is Renzo Protocol?

A user "restakes" their Liquid Staking Tokens (LST) or ETH and receives ezETH. This token aggregates all rewards gained from staking and points campaigns in its price; thus, one can earn Eigenlayer points by simply holding ezETH.&nbsp;Season 1 participants who maintain or increase their ezETH balance in Season 2 receives a 10% additional boost on their entire ezPoints balance for Season 2 participation. In the previous season, users had to get 360 points in order to be eligible for the $REZ airdrop. If the threshold remains unchanged, users will need to invest at least between 0.05 to 0.16 ETH during the current campaign to get the airdrop, depending on the boost programs.

How does it work?

Binance Labs

Mantle

Figment Capital

Maven 11 Capital

OKX Ventures

Renzo

Turtle Club

Turtle Club is community that enhances liquidity utilization, returns, and security across partner chains and protocols. Earn Turtle Points by providing liquidity with Renzo; simply connect your wallet on their <a href="https://turtle.club/dashboard/?ref=NOTUM">website</a>. Read our <a href="https://notum.ai/blog/turtle-club-boosting-your-yield">article</a> to learn more about the project.

Merely holding ezETH on Mode can yield additional rewards during Phase 2 of the $MODE airdrop. Having ezETH on Mode grants users a 1.2x boost in point accrual.

ezETH on Mode

ezETH HODL

The simplest way to invest in ezETH is just by swapping ETH to ezETH. The exchange is available on Ethereum, Optimism, Arbitrum, BSC, Base, Mode, Blast and Linea.<ol><li>Visit <a href="https://app.notum.ai/swap?assetFrom=0x0000000000000000000000000000000000000000&amp;chainIdFrom=42161&amp;assetTo=0x2416092f143378750bb29b79eD961ab195CcEea5&amp;chainIdTo=42161">Notum Swap</a>; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240610-at-17.08.14.png" width="1082" height="1116"></li><li>Select the token and the amount you wish to swap for ezETH, taking into account gas costs to ensure you can cover the transaction; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/ezethswap.png" width="1064" height="1394"></li><li>Approve the transaction inside your wallet;</li><li>Earn additional points by staking 5,000 $REZ to receive 1 ezPoint per hour. If you've got an Airdrop in Season 1, stake the received amount, and enjoy a 50% boost on your ezPoints balance. <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/rezboost-1.png" width="2832" height="1388"></li></ol>

Investing in Mendi guarantees participation in Linea, Mendi и Renzo points campaigns; thus, giving users a better chance of getting significant rewards.

Triple Benefit

ezETH Lending on Mendi

Lending enables users to attain additional yields on tokens with minimal risk. Furthermore, there is no requirement to manage positions daily or purchase additional tokens, as is the case with investments in liquidity pools. The simplest way to invest in a lending protocol, receive additional rewards, and enjoy a 2x point boost is by investing in Mendi Finance.<ol><li><a href="https://app.notum.ai/investments/a9e1bc81-9dcc-4c7d-b1e4-75841ec867a9">Visit</a> Visit Mendi ezETH Lending on Notum;</li><li>Choose Linea network and any token; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240708-at-14.20.43.png" width="2312" height="1180"></li><li>Enter the amount you want to invest; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240708-at-14.22.05.png" width="1078" height="1206"></li><li>Approve the transaction inside your wallet.</li></ol>

ezETH-ETH pools

Renzo aims to enhance on-chain liquidity for their token, offering a 4x boost to users with positions in liquidity pools. Note that managing pools might be a hard task for inexperienced investors so do it with caution. We recommend utilizing pools based on L2-chains (Arbitrum, BSC, Blast, Linea) to optimise gas expenditures. The comprehensive list of supported pools can be found <a href="https://mirror.xyz/renzoprotocol.eth/g0T1DPAhp4LC555ydN_2rpKvEIDcFMWNWLGCUU2N2Cw">here</a>. Example of a staking algorithm for a pool on Curve.<ol><li>Go to Curve ezETH/ETH <a href="https://curve.fi/#/bsc/pools/factory-stable-ng-18/deposit">pool</a> on BSC; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240610-at-08.59.49.png" width="2502" height="1298"></li><li>Define the amount of ezETH and ETH to stake on the pool; <img src="https://storage.googleapis.com/notum-platform/airdrop-strategies/screenshot-20240610-at-09.00.31-1.png" width="792" height="1060"></li><li>Approve spending and click “Deposit”.</li></ol>

Derivatives can be sophisticated instruments, particularly for novice investors. It's advisable to only trade large amounts of derivatives if you have sufficient experience and understanding of their operational mechanisms.

For experienced users only

ezETH on Pendle

Pendle is a platform enabling users to trade unique derivatives, including Yield Tokens (YT), akin to detached coupons of bonds in traditional finance. With Renzo, users can purchase the forthcoming token yield, substantially boosting their point accumulation. The best option is currently YT ezETH with maturity on June 27th which gives 174x ezPoints boost and 44x Eigenlayer Points boost.<ol><li>Mint Arbitrum ezETH on the Renzo <a href="https://app.renzoprotocol.com/restake?chainId=42161&amp;collateralToken=0x0000000000000000000000000000000000000000">website</a></li><li>Go to the Pendle <a href="https://app.pendle.finance/trade/markets/0x5e03c94fc5fb2e21882000a96df0b63d2c4312e2/swap?view=yt&amp;py=output&amp;chain=arbitrum&amp;chart=apy">market</a> of ezETH on Arbitrum</li><li>Input the amount of ezETH you wish to swap for YT ezETH in the designated section.</li><li>Approve the transaction in your wallet</li><li>Rewards can be claimed later at Pendle</li></ol>

Renzo

Quick info

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How to Get the Renzo Airdrop?

What is Renzo Protocol?

How does it work?