Renzo Finance has introduced Renzo Basis, saying the product keeps risk and liquidity from being pooled into stablecoins or a treasury and that both remain 100% verifiable on-chain at all times. The company said users do not need to trust Renzo to check whether they are affected by related events, framing the product around direct on-chain transparency rather than reliance on issuer assurances. Renzo also said ezETH has been backed only by native ETH since April 26, 2026. In the redemption withdrawal queue tied to the migration from Lido stETH to native ETH, 214.75 tokens remain in active claim status, accounting for 0.5%. The update was reported by Odaily.
Renzo Finance has launched Renzo Basis, according to Odaily. The company said the product does not pool risk and liquidity into stablecoins or a treasury, and that both remain 100% verifiable on-chain. It added that users do not need to trust Renzo to confirm whether they are affected by related events.
Renzo also said ezETH has been backed only by native ETH since April 26, 2026. In the redemption withdrawal queue for the migration from Lido stETH to native ETH, 214.75 remain in active claim status, representing 0.5%.
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