AutoLayer partners with Renzo

Published on: 27.03.2024
AutoLayer partners with Renzo

AutoLayer partners with Renzo Protocol on Arbitrum. This integration marks a pivotal advancement in AutoLayer’s quest to offer users improved opportunities for liquid restaking and yield generation.

Renzo presents an opportunity to engage with their Restaked Ethereum (ezETH) through the AutoLayer interface, enabling seamless restaking via the provided link. This initiative allows participants to accrue staking rewards, EigenLayer points, Renzo’s ezPoints, and AutoLayer points concurrently.

Below is a brief overview outlining the scope of this integration:

  1. APY Calculation
    AutoLayer will generate Annual Percentage Yield (APY) by analyzing historical data, specifically utilizing daily data from Renzo to compute an accurate and transparent APY figure.
  2. Points Retrieval
    AutoLayer utilizes Renzo’s API to fetch protocol points, enabling users to track their ezPoints earned from investing in Renzo’s LRT. Proxy servers are deployed to safeguard AutoLayer’s IP from potential blocking.
  3. Bonus AutoLayer Points
    To enrich user incentives and improve their experience, additional AutoLayer points will be granted to those who acquire or mint ezETH.
  4. Minting
    At present, minting is not accessible, however, AutoLayer is actively engaged in its development. Anticipated completion is expected within the forthcoming weeks, with seamless integration facilitated through Connext Bridge.

Through the amalgamation of AutoLayer’s robust functionality and user-friendly interface with the innovative capabilities of the Renzo protocol, AutoLayer has established an additional avenue for yield generation, further enriching your DeFi experience on Arbitrum.

AutoLayer, formerly known as Tortle Ninja, is the premier LRTfi hub on Arbitrum. Offering access to a wide array of assets, liquidity pools, farms, and vaults/strategies, totaling around 800 assets, 400 liquidity pools, 50 farms, and over 100 vaults/strategies, AutoLayer now focuses on optimizing Liquid Restaked Tokens (LRT), Liquid Staked Tokens (LST), AVSs, operators, and incentives.

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.

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