How Swell and Renzo differ on token, backend, TVL and approach.
| Swell | Renzo | |
|---|---|---|
| Type | Dual-restake LRT | Multichain LRT |
| LRT token | rswETH | ezETH |
| How it works | Swell issues swETH (LST) and rswETH (LRT). "Proof of Restake" uses restaked assets to secure both EigenLayer AVSs and Symbiotic networks, and Swell runs its own L2 (Swellchain). | 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 | EigenLayer + Symbiotic | EigenLayer + Symbiotic |
| TVL* | ~$200M | ~$1B+ |
| Best for | Dual EigenLayer + Symbiotic exposure | Restaked exposure across L2s |
Pick Swell for dual eigenlayer + symbiotic exposure; pick Renzo for restaked exposure across l2s.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).