Renzo Protocol don put 1,050 ETH to boost Ethereum Restaking
Renzo Protocol don put 1,050 ETH (about $3.8 million) inside EigenLayer-backed Strategic ETH Reserve, dem become di 38th person wey contribute. Dis move show say Renzo Protocol get long-term belief for Ethereum restaking and network security. With dia liquid restaking token ezETH, users fit restake ETH or liquid staking tokens, keep liquidity, and make different kain yields for plenty DeFi protocols. Strategic ETH Reserve gather assets from big protocols and institutions to make ecosystem strong. Renzo join show say more people dey trust Ethereum restaking and fit make DeFi join more and yields increase. Market response good. Traders suppose watch for possible smart contract risks and slashing penalties.
Bullish
Renzo Protocol put 1,050 ETH inside Strategic ETH Reserve na good thing for ETH. For short time, e mean say big institutions dey support Ethereum restaking well, e fit make traders believe more and demand for ETH go rise. Market react well show say price fit go up quick quick. For long run, if restaking waka dey grow with ezETH and DeFi join hand, e fit make ETH capital use better plus make am secure, e go attract plenty people and deep liquidity. Even though smart contract risk and slashing punishment dey, dem no fit overshadow the better vibe wey this big commitment bring.