What is Renzo Protocol? The Liquid Restaking Primitive Explained
Renzo Protocol is a liquid staking platform designed to unlock the full potential of staked assets while increasing their utility in decentralized finance (DeFi). It accomplishes this through a system of non-custodial vaults which issue synthetic versions of staked PoS assets called rTokens. These rTokens are highly composable, allowing them to be used in various liquidity pools and lending applications within the DeFi ecosystem. Unlike traditional staking methods, the unique approach offered by Renzo Protocol allows users to participate in staking while maintaining liquidity of their assets, opening up new opportunities for yield generation and risk management within the DeFi space.