How Renzo and ether.fi differ on token, backend, TVL and approach.
| Renzo | ether.fi | |
|---|---|---|
| Type | Multichain LRT | EigenLayer LRT |
| LRT token | ezETH | eETH / weETH |
| How it works | 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. | Stake 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. |
| Restakes on | EigenLayer + Symbiotic | EigenLayer (+ Symbiotic) |
| TVL* | ~$1B+ | ~$6B+ |
| Best for | Restaked exposure across L2s | The safe default — liquidity & integrations |
Pick Renzo for restaked exposure across l2s; pick ether.fi for the safe default — liquidity & integrations.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).