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ether.fi vs Renzo

How ether.fi and Renzo differ on token, backend, TVL and approach.

ether.fiRenzo
TypeEigenLayer LRTMultichain LRT
LRT tokeneETH / weETHezETH
How it worksStake ETH (or an LST) for eETH, restaked via EigenLayer (and beyond) to earn staking + AVS rewards; weETH is the wrapped, DeFi-friendly version. Uniquely, users keep control of their withdrawal keys. Also runs the ether.fi Cash card.Deposit ETH/LSTs for ezETH; Renzo actively manages the restaking strategy and AVS selection. ezETH is pushed to Arbitrum, Blast, Linea, Mode and more, so you can use restaked exposure across L2s.
Restakes onEigenLayer (+ Symbiotic)EigenLayer + Symbiotic
TVL*~$6B+~$1B+
Best forThe safe default — liquidity & integrationsRestaked exposure across L2s

ether.fi

  • Largest LRT by far (~65% share)
  • Deepest DeFi liquidity & integrations
  • Non-custodial withdrawal keys
  • Yield not always the highest
  • Systemic weight / concentration

Renzo

  • Most aggressive multichain (Arbitrum, Blast, Linea, Mode)
  • Managed restaking strategy + AVS selection
  • Best for L2 DeFi
  • ezETH has had a depeg episode
  • Managed = trust in operator choices

Bottom line

Pick ether.fi for the safe default — liquidity & integrations; pick Renzo for restaked exposure across l2s.

* TVL = dated snapshot (DefiLlama + provider reports, 2026).