Renzo Protocol & the Future of DeFi: Risks, Rewards, & Realities
The rapid growth of TVL in EigenLayer to $19.5 billion, contrasted with a TVR of only two-thirds, reveals potential risks, especially in Renzo's leveraged restaking protocol using ezETH, which could lead to widespread DeFi disruptions if depegging events occur, as highlighted in C. Alexander’s paper.
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