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About Renzo Restaked ETH
Analysis of 12 Feb 2026Renzo Protocol operates as a liquid restaking token (LRT) manager for EigenLayer offering 2.68% APY as of February 12, 2026. ezETH represents ETH restaked through EigenLayer to secure the expanding ecosystem now featuring 1,700+ operators and 200+ AVSs in development. The protocol benefits from EigenLayer's explosive growth to $25 billion restaking TVL with over $2 billion in secured application value across the ecosystem.
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Currently trading at $2,080 (compared to ETH at $1,950-$2,000), ezETH maintains a 4-7% premium during extreme market fear (index 9-11 on Feb 12, slight improvement from yesterday's 12). Multi-chain deployment spans Ethereum, Arbitrum, Base, Linea, Unichain, Blast, Mode, and BNB Chain.
Despite REZ governance token declining 98%+ from ATH ($0.00368-$0.0052 vs $0.26) and EIGEN token down 79.5% ($1.16 vs $5.65 ATH), protocol fundamentals remain intact with EigenCloud launch backed by a16z's $70M EIGEN purchase introducing verifiable cloud computing for AI and off-chain applications.
