How Mellow and Renzo differ on token, backend, TVL and approach.
| Mellow | Renzo | |
|---|---|---|
| Type | Modular LRT | Multichain LRT |
| LRT token | Many (curated) | ezETH |
| How it works | Mellow lets curators launch isolated, customizable LRT vaults on Symbiotic — each with its own assets, operators and risk profile — instead of one one-size-fits-all token. | 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 on | Symbiotic | EigenLayer + Symbiotic |
| TVL* | ~$292M | ~$1B+ |
| Best for | Customizable / risk-isolated LRTs | Restaked exposure across L2s |
Pick Mellow for customizable / risk-isolated lrts; pick Renzo for restaked exposure across l2s.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).