Renzo Finance2026-10-01 03:39:11Renzo says Renzo Basis exposure can be verified on-chain after MetaMask infrastructure incidentRenzo Finance responded to the MetaMask infrastructure security incident by saying the risk and liquidity profile of its latest product, Renzo Basis, is not concentrated in stablecoins or vaults and can be fully verified through on-chain data. The company said users do not need to rely on trust in Renzo to confirm they were not affected by the incident. Renzo also said ezETH has been backed only by native ETH since April 2026. At present, just 214.75 stETH in the withdrawal queue has a valid claim, representing 0.5% of the total. Earlier, MetaMask said it was handling a security incident affecting part of its infrastructure and had found no immediate threat to MetaMask wallets. As a precaution, the company said it was coordinating with customers, partners, and security advisers to proactively exit affected validators in its non-custodial staking business, with more updates to follow.40
Renzo Finance2026-10-01 03:34:00Renzo Finance launches Renzo Basis as ezETH shifts to native ETH backingRenzo 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.20
