Renzo Staking Withdrawal and Audit Update

Renzo Staking Withdrawal and Audit Update

Ethereum (ETH) liquid staking protocol Renzo has announced that it is currently collaborating with multiple audit firms. The protocol's primary focus remains the implementation of its mainnet withdrawal feature. Renzo has reaffirmed its commitment to supporting unstaking and withdrawals in Q2. Recently, Renzo's staked ETH (ezETH) experienced a depeg. **Withdrawal Feature Prioritization** Renzo has prioritized the development of its mainnet withdrawal feature, which will enable users to unstake and withdraw their staked ETH. This feature is expected to be released in Q2. **Audit Collaboration** To ensure the security and reliability of its platform, Renzo is collaborating with multiple audit firms. These audits will assess the protocol's codebase and security measures to provide users with increased confidence in Renzo's services. **ezETH Depeg** Earlier today, Renzo's staked ETH (ezETH) underwent a depeg. The protocol has acknowledged this issue and is actively working to address it. Users are advised to monitor the situation and follow Renzo's official announcements for updates. **Previously on April 23, 2024:** Ethereum (ETH) liquid staking protocol Renzo announced its plans to work with multiple audit firms and prioritize the development of its mainnet withdrawal feature.