Renzo Protocol revealed its ezSOL liquid restaking token will soon launch on Jito as Solana’s first LRT. The Renzo team is eyeing growth for the DeFi ecosystem on Solana. Renzo Protocol has announced the launch of ezSOL, the first liquid restaking token (LRT) on Solana. The collaboration between Renzo and Jito Network will allow JitoSOL […]The post Renzo teams up with Jito to launch LRT token ezSOL appeared first on CoinJournal.

Renzo teams up with Jito to launch LRT token ezSOL

  • Renzo Protocol revealed its ezSOL liquid restaking token will soon launch on Jito as Solanas first LRT.
  • The Renzo team is eyeing growth for the DeFi ecosystem on Solana.

Renzo Protocol has announced the launch of ezSOL, the first liquid restaking token (LRT) on Solana.

The collaboration between Renzo and Jito Network will allow JitoSOL holders to mint ezSOL and use the LRT to tap into more decentralised finance (DeFi) opportunities on Solana.

ezSOL will combine Renzos liquid restaking expertise with Jitos MEV-enhanced features to bring the best of decentralised finance and other earning mechanisms to users.

 The launch of $ezSOL marks a pivotal moment for Solanas DeFi ecosystem. $ezSOL not only bolsters liquidity but also unlocks new strategies for capital efficiency, Renzo posted on X.

With ezSOL, users can access DeFi protocols such as lending platforms, automated market makers and aggregators. This means one can tap into new opportunities while retaining the benefits available with restaking. 

ezETH proposal

Meanwhile, Renzos vote on the proposal to list ezETH on Aave V3 Lido Finance Instance. The proposal seeks to add support for borrow/lend for Renzo and its ezETH as collateral on Aave V3.

If the community adopts the proposal, ezETH will go live on the blockchain platform and likely boost the overall revenue across Aave and Renzo. The development also means that wstETH borrowing is now very attractive.

The post Renzo teams up with Jito to launch LRT token ezSOL appeared first on CoinJournal.