Coinbase has announced support for the Ethereum-based liquid staking token Renzo (REZ), causing its price to soar. Liquid staking involves staking digital assets on multiple platforms to enhance rewards and protocol security. Renzo aims to simplify the process of restaking Ethereum and other digital assets. Other assets available for restaking via the protocol include Solana, EigenLayer, and Jito. The addition of Renzo on Coinbase has resulted in a 20.5% gain for REZ.



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