Renzo Protocol RP-5 Voting Deadline
Event DetailsRenzo 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 NewsRenzo 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 PlansRenzo 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 DataRenzo’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 SentimentX 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
May 10
