Renzo Protocol
Last changed 2026-10-28 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the judge moved the trust score from 28 to 26. Version history →
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anchored·5ToXbf…dP7BSummary
Renzo Protocol is an EigenLayer liquid restaking protocol that issues ezETH, a liquid restaking token representing restaked ETH. In April 2024 ezETH depegged sharply on Uniswap, falling to about $688–$700 from roughly $3,100, after a REZ tokenomics announcement that gave only 5% of supply to the community airdrop and over 60% to insiders; with direct redemption unavailable, the sell-off triggered $56–65 million in liquidations of leveraged users on Morpho and Gearbox. A concurrent Code4rena audit found 8 high-severity vulnerabilities, users were targeted by phishing including a July 2024 Discord compromise, and the protocol remains operational with sharply lower TVL and a REZ token about 97% below its all-time high.
Connected Entities
40 entities · 60 linked investigations- Renzo Restaked SOL (ezSOL)→associated with→Renzo(80%)
- 5TjPKT…9WsX→controls→Renzo Restaked SOL(47%)
- D4Hso4…gVrJ→controls→Renzo Restaked SOL(72%)
- 5g5XfZ…nNmD→controls→Renzo Restaked SOL(44%)
- GM1mVm…C5yh→controls→Renzo Restaked SOL(54%)
- Et5qyH…8whz→controls→Renzo Restaked SOL(59%)
- 3hyKAc…peuo→controls→Renzo Restaked SOL(76%)
- 8ffTM6…JJty→controls→Renzo Restaked SOL(47%)
- 5bRYka…waqv→controls→Renzo Restaked SOL(86%)
- 9Y6RLm…UeWG→controls→Renzo Restaked SOL(46%)
- + 45 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(14 events)
January 2023
Renzo Protocol founded by Lucas Kozinski, James Poole and Kratik Lodha as an EigenLayer liquid restaking protocol.
IQ.wiki / Protagonist XJanuary 2024
Renzo raises a $3.2 million seed round led by Maven11 Capital with token warrants and begins rewarding users with points for minting ezETH.
CoinCarpApril 2024
Renzo publishes REZ tokenomics: 5% to the Season 1 airdrop (2.5% to Binance Launchpool) and over 60% (reported as about 65%) to team, investors and advisors, illustrated with a pie chart described as not to scale. Community backlash begins.
The BlockApril 2024
ezETH depegs on Uniswap, falling from about $3,100 to a low of $688–$700 (about 79%) in under an hour; the Renzo team makes no public statement at the time.
DL News / CoinDesk / CoinTelegraphApril 2024
Liquidation cascade: Gearbox liquidates 115 Credit Accounts (about 10,650 ezETH, ~$33 million) and Morpho liquidates 146 users (~$23 million); losses exceed $56 million across 250+ users.
DL News / Protos / CryptoSlateApril 2024
Renzo revises airdrop terms after backlash: Season 1 airdrop raised from 5% to 7%, community allocation from 30% to 32%, vesting added for large holders, claim date moved to April 30.
The Block / crypto.newsApril 2024
REZ launches on Binance; Launchpool participants who staked BNB or FDUSD from April 24–29 can sell before Renzo's own Season 1 depositors claim. REZ debuts at about $289 million market capitalization.
The Block / CoinDeskMay 2024
Code4rena audit concludes, reporting 8 high-severity and 14 medium-severity vulnerabilities.
Code4renaJune 2024
Renzo raises a $17 million Series A led by Galaxy Ventures and Brevan Howard Digital Nova Fund.
The BlockJuly 2024
Renzo's official Discord server is compromised; scammers post phishing links promising retroactive loyalty rewards, and ZachXBT alerts the community on Telegram.
CryptoTimes2025
REZ declines about 81.55% across 2024 and about 84% in 2025, trading roughly 97% below its all-time high.
CoinCodexNovember 2025
Renzo executes its first REZ buyback-and-burn, destroying over 114 million tokens; monthly burns confirmed as an ongoing programme.
Renzo Governance ForumApril 2026
Founder Lucas Kozinski publishes a 'Yield Orchestration Layer' vision for institutional capital; protocol TVL is about $217 million, down from a $3B+ peak.
CoinMarketCap AI / CryptoJournaal XDecision Log
- slot 462280464 · hash AiZnPbmq4nNaVRZR9p9JHLHuAMcPRJRavhJMkqTn5hdZ
- slot 462280458 · hash 2EZXAyKY7Gdyaojctj63maBt2nndXcu4FyUxKohXMdrP
- slot 419816645 · hash 3FVW7fXFvroMjaZUNQ53UCYvzEEP46zQPn7ejtyG4LKY
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 23 of 28 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 5/4/2026, 4:05:05 PM
last updated: 10/28/2026, 12:52:43 AM
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