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Ethereum's flexibility and convenience have made it one of the most popular networks for building new web3 projects. This has also resulted in a vast network of Ethereum-compatible projects, such as Renzo, a simple, Ethereum-based protocol with some big implications. In just a few months, it's already managed to attract attention due to its unusual purpose. If you're interested in learning more about Renzo, explore this guide to see how it works and what effect it could have on the Ethereum network.
Key Takeaways:
Renzo is a liquid restaking token protocol and strategy manager that runs on EigenLayer and helps to manage its operator nodes.
Looking to trade Renzo tokens? Bybit now offers REZUSDT Perpetual contracts.