- Renzo Protocol revealed that its ezSOL liquid restaking token will quickly launch on Jito as Solana’s first LRT.
- The Renzo crew is eyeing the expansion of the DeFi ecosystem on Solana.
Renzo Protocol has introduced the launch of ezSOL, the primary liquid resttaking token (LRT) on Solana.
collaboration between Renzo And the Jito Community will permit JitoSOL holders to mint EZSOL and use LRT to benefit from extra decentralized finance (DeFi) alternatives on Solana.
EZSOL will mix Renzo’s liquid restaking experience with Jito’s MEV-enhanced options, permitting customers to get the very best of decentralized finance and different incomes mechanisms.
🚀 Introduction $ezSOL: 1st L.R.T. @jito_soul
The Renzo Protocol is launching $ezSOLSolana’s first LRT on the Jito community. It’s set to rework resttaking and DeFi on Solana by combining the ability of Renzo’s liquid resttaking with Jito’s MEV-enhanced validator.
dive in… pic.twitter.com/VUiKHndqZS
— Renzo (@RenzoProtocol) August 14, 2024
“The launch of $ezSOL is a pivotal second for Solana’s DeFi ecosystem. $ezSOL not solely enhances liquidity but in addition opens up new methods for capital effectivity,” Renzo posted on X.
With ezSOL, customers can entry DeFi protocols comparable to lending platforms, automated market makers, and aggregators. This implies one can benefit from new alternatives whereas sustaining the advantages accessible with restaking.
ezETH Proposal
In the meantime, Renzo voted on a proposal to checklist ezETH on the Aave V3 Lido Finance occasion. The proposal seeks so as to add assist for borrowing/lending Renzo and his ezETH as collateral on Aave V3.
Voting is underway to checklist Renzo’s proposal $ezETH until @aave V3 @lidofinance Instance!
By including $ezETH As collateral, Renzo can drive extra demand, enhance income for each Aave and Renzo, and strengthen liquidity and stability $ezETH,
By this step $wstETH,
— Renzo (@RenzoProtocol) August 14, 2024
If the group adopts this proposal, the ezETH blockchain will go reside on the platform and probably enhance total revenues at Aave and Renzo. The event additionally signifies that wstETH lending is now very engaging.
