Renzo Protocol RP-5 Voting Deadline

MAY

10

Event date

Saturday 10 May 2025, UTC

Event description

Event Details

Renzo Protocol, a liquid restaking platform on EigenLayer, launched RP-5 on May 5, 2025, to enhance ezETH’s role in DeFi markets. By allocating 700 ETH to Fluid, a lending protocol, Renzo aims to improve liquidity for ezETH, a token that allows users to restake ETH and earn rewards while securing decentralized services. Voting happens on Snapshot, a gas-free platform, ensuring accessibility for REZ token holders. The outcome could set a precedent for how restaking protocols manage treasury funds to drive growth [RenzoProtocol].

Recent News

Renzo has been active lately! On May 1, 2025, they wrapped up ezPoints Season 4, distributing REZ tokens to users and transitioning to a new Renzo Rewards program for direct incentives. This shift reflects Renzo’s focus on sustainable growth after reaching over $1B in TVL earlier this year [Medium]. However, ezETH faced liquidity challenges on DEXs, causing price dips, which RP-5 aims to address [CoinMarketCap].

Future Plans

Renzo is doubling down on innovation. Their latest product, $ezEIGEN, is set to revolutionize EIGEN restaking, and they plan to expand integrations with more chains and dApps. The protocol aims to solidify its position in the restaking space, targeting a top spot among EigenLayer ecosystem projects by Q4 2025 [RenzoProtocol].

Onchain Data

Renzo’s TVL sits at $1.2B as of May 2025, with over 500K transactions recorded on Etherscan in the past 3 months, showing steady user activity [Etherscan]. However, ezETH’s trading volume on DEXs dropped 15% in April, underscoring the need for RP-5’s liquidity boost [Dune Analytics].

Community Sentiment

X reactions are mixed. Supporters like @ROTIMIAJIBADE1 and @4OLMD see RP-5 as a growth driver, but others, like @censorshippower, have called $REZ a scam, reflecting some distrust. Price concerns also linger, with REZ at $0.01233, down 5% this week [CoinMarketCap].

Renzo

Bullish or Bearish?

bullish
bearish
subscription

Be aware of the recent news
in crypto every day

Please keep me updated by email with the latest crypto news, research findings, reward programs, event updates, coin listings, and more information from Bitdates.