Renzo

avoid.net/renzo→22/100·82% conf.

[AI-DRAFTED · AWAITING VERIFICATION][src:liquid-staking][src:ethereum][src:tokenomics][src:depeg][src:points-farming][src:defi][src:lrt][src:airdrop][src:zachxbt][src:restaking][src:eigenlayer][src:liquidations]

22/100

[CRITICAL]82% conf.

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

18 entities

Wallets

◇GM1mVm…C5yh◇5bRYka…waqv◇CB6qNv…MkTp◇8ffTM6…JJty◇5TjPKT…9WsX◇Renzo Restaked SOL (ezSOL)◇5g5XfZ…nNmD◇Et5qyH…8whz◇Fc5xrD…hHM5◇8WQRzv…xsjE◇9GqX13…2BTQ◇3hyKAc…peuo◇9Y6RLm…UeWG◇D4Hso4…gVrJ

Organizations

□Renzo

Tokens

♦Renzo Restaked SOL

Protocols

⌂Kamino Reserve 5⌂Jito DAO Treasury

Relationships

Renzo Restaked SOL (ezSOL)→associated with→Renzo(80%)
+ 15 more

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)

2024-01-15

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

2024-04-23

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

2024-04-24

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)

2024-04-24

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

2024-04-28

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

2024-04-30

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

2024-05-08

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

2024-06-18

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

2024-07-22

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

2025-01-01

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 Solana Verify on-chain src:liquid-staking src:ethereum src:tokenomics src:depeg src:points-farming src:defi src:lrt src:airdrop src:zachxbt src:restaking src:eigenlayer src:liquidations

Decision Log

#1publish⛓ anchored · slot 4206534765/18/2026, 11:35:01 PM
hash: 7NviBA7i3JHjv7zduBKRARLo9gR1D32VmGhdmHi2vswF

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-sonnet

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

last updated: 5/26/2026, 4:11:14 AM

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