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Renzo

avoid.net/renzo→22/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:zachxbt][airdrop][defi][depeg][eigenlayer][ethereum][liquid-staking][liquidations][lrt][points-farming][restaking][tokenomics]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4DXBsD…SLsa

Summary

Renzo Protocol is an Ethereum liquid restaking protocol that issues ezETH, serving as an interface to the EigenLayer ecosystem. In April 2024, ezETH suffered a severe depeg event — dropping as low as $700 in under one hour — triggered by an unpopular REZ tokenomics announcement that concentrated approximately 65% of supply with insiders and investors. The event caused over $56 million in DeFi liquidations affecting more than 250 users, and the REZ token has since lost approximately 97% of its all-time high value.

Connected Entities

32 entities · 60 linked investigations
Organizations
□Renzo□Ethereum64□Binance□Eigenlayer□ZachXBT
Protocols
⌂Uniswap⌂Kamino Reserve 5⌂Jito DAO Treasury⌂Renzo Protocol
Tokens
♦Renzo Restaked SOL
Wallets
◇GM1mVm…C5yh◇6EAo85…bXQY◇5bRYka…waqv◇CB6qNv…MkTp◇8ffTM6…JJty◇5TjPKT…9WsX◇Renzo Restaked SOL (ezSOL)◇5g5XfZ…nNmD◇Et5qyH…8whz◇7kxxvM…FPus◇2VmQaE…Kayp◇Fc5xrD…hHM5+ 10 more
Relationships
  • 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(56%)
  • Fc5xrD…hHM5→controls→Renzo Restaked SOL(46%)
  • 3hyKAc…peuo→controls→Renzo Restaked SOL(76%)
  • 8ffTM6…JJty→controls→Renzo Restaked SOL(46%)
  • 5bRYka…waqv→controls→Renzo Restaked SOL(86%)
  • + 30 more
Also appears in
Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Bankr·18Nexera·32Sky (MakerDAO)·51BearnFi·12+ 50 more

Connected Through

7 shared actors · 613 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about Renzo?

Timeline(10 events)

15 January 2024

Renzo raises $3.2 million seed round led by Maven11 Capital with token warrants; begins rewarding users with points for minting ezETH

23 April 2024

Renzo announces REZ tokenomics on Binance, revealing only 5% allocated to initial airdrop and 65% to insiders/investors; community reacts with outrage over a misleading pie chart

24 April 2024

ezETH depegs to $700 on Uniswap (a ~79% decline in under one hour), triggering over $56 million in liquidations across Morpho (146 users, ~$23M) and Gearbox (115 users, ~$33M)

24 April 2024

Renzo team makes no public statement addressing ezETH depeg or user losses at time of event

28 April 2024

Renzo revises airdrop terms following community backlash: initial airdrop raised from 5% to 7%, community allocation from 30% to 32%, vesting added for large holders

30 April 2024

REZ token launches on Binance Launchpool and begins trading; debuts at approximately $289 million market cap

8 May 2024

Code4rena audit concludes, reporting 8 high-severity and 14 medium-severity vulnerabilities in Renzo smart contracts

18 June 2024

Renzo raises $17 million Series A led by Galaxy Ventures and Brevan Howard Digital Nova Fund

22 July 2024

Renzo official Discord server compromised; phishing links posted claiming retroactive loyalty rewards; ZachXBT alerts community via Telegram

2025

REZ token declines approximately 81.55% across 2024, continuing to approximately -84% in 2025; token trades roughly 97% below its all-time high

Provenance & Audit Trail
Anchored on SolanaVerify on-chainsrc:zachxbt

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event).

full audit log →version history →

model: claude-sonnet

generated: 5/4/2026, 4:04:59 PM

last updated: 8/29/2026, 1:35:56 AM

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