Renzo, E Ethereum Ethereum
-2.12%
The liquid re-staking protocol has been expanded. Solana 
brush
-2.35%
Liquid re-staking space through collaboration Zito 
JTO
-2.21%
Foundation. As part of this transaction, Renzo will launch ezSOL, the Solana Liquid Re-Staking Token (LRT), on Jito.
“Renzo will serve as the first liquid re-staking protocol on the Jito (re)staking platform,” Renzo said Wednesday. “Users will be able to mint ezSOL using JitoSOL as their native staking asset, and leverage Jito’s MEV-fortified validator network.”
Jito is a Solana liquid staking protocol that distributes both staking and MEV (Maximum Extractable Value) rewards to holders through the liquid staking token JitoSOL. Last month, the Jito Foundation released the code for Jito re-staking, specifically supporting a variety of staking assets, including JitoSOL, other liquid staking tokens, or Solana-based tokens.
Re-staking allows users to maximize their returns by re-locking their staked assets in other protocols (called Active Validated Services, or AVS) to earn additional rewards. Renzo’s ezSOL liquid re-staking token will be available on a variety of Solana-based DeFi protocols after launch, allowing users to increase their rewards.
Lucas Kozinski, a founding contributor to Renzo, told The Block that ezSOL is set to launch next month.
“Launching ezSOL on Jito’s infrastructure marks a pivotal moment for liquid restaking. By leveraging Jito’s unique restaking architecture, we are creating a capital-efficient staking derivative that can serve as a building block for complex DeFi strategies on Solana,” Kozinski added.
Renzo’s Ethereum Liquid Re-Staking Offer
Renzo Currently, EigenLayer and Symbiotic are providing Ethereum re-staking services and are also re-staking re-staking tokens. 
Ajes
-2.16%
and pzETH.
The Ethereum restating sector has recently seen a decline in total locked value (TVL) or deposits. For example, last month, EigenLayer experienced the largest single-day net outflow in history on July 11, with a net outflow of over $135 million, equivalent to around 43,550 ETH at the time. Renzo’s TVL has also decreased in recent months.
Kozinski said Renzo enabled withdrawals, allowing re-entrants to enter and exit the protocol freely.
“During the recent market turmoil, Renzo has proven to be the most stable and liquid restaking protocol on Ethereum,” he added.
According to DeFiLlama data, Renzo is currently the third largest Ethereum liquidity restaking protocol, behind Ether.Fi and Puffer Finance, with a TVL of over $1.3 billion.
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