DeSyn Protocol and Renzo Collaboratively Launch Multi-Restaking Fund for More Points and Airdrop Rewards!

DeSynDAO
DeSyn Protocol
Published in
4 min readApr 19, 2024

The decentralized finance (DeFi) realm is exciting as two industry titans, DeSyn Protocol, and Renzo, have forged a strategic alliance to unveil the revolutionary drETH fund. This collaborative endeavor represents a significant stride towards a more interconnected and mutually beneficial DeFi ecosystem, unlocking new horizons for investors seeking to maximize their returns while embracing the principles of decentralization.

What is Renzo ETH Restaking Fund (drETH)?

At the heart of this partnership lies the cutting-edge drETH fund, a meticulously crafted investment opportunity designed to optimize Ethereum restaking returns. Harnessing the combined expertise of DeSyn Protocol, Renzo, and Eigenlayer, this fund offers a unique and rewarding experience for investors, blending the strengths of these industry leaders into a cohesive and innovative offering.

The drETH fund caters to both wETH holders and Renzo liquid restaking (ezETH) holders, providing them access to diversified returns. For wETH holders, the fund promises a total return comprising Eigenlayer staking and restaking yields, complemented by highly anticipated airdrops from Eigenlayer, Renzo, and DeSyn. This diversified approach maximizes potential returns and mitigates risk through a well-balanced portfolio.

Renzo liquid restaking (ezETH) holders are not left behind, as they can benefit from an additional DeSyn airdrop on top of the Eigenlayer staking and restaking yields, as well as airdrops from Eigenlayer and Renzo. This unique combination exposes investors to multiple yield-generating streams, further enhancing their earning potential.

Termed as DeSyn ETH Restaking Fund I (3x Points), the drETH fund is meticulously designed to maximize Ethereum restaking returns by combining and overlaying multiple liquid re-staking (LRT) protocols, including Eigenlayer, Renzo, and DeSyn. This innovative approach enhances returns and offers users an unparalleled experience in terms of convenience and security.

With an attractive APR range of 50–300% for re-staking and the potential for 1x-3x Airdrop rewards, the drETH fund presents a compelling proposition for investors seeking financial growth and community engagement.

One of the key advantages of the drETH fund is its open-end model, which allows users to issue and redeem their funds at any time flexibly. This feature empowers investors to manage their investments effectively and provides easy access to their funds, ensuring a seamless investment journey. Additionally, DeSyn’s decentralized asset management infrastructure ensures that users’ funds are protected throughout the entire life cycle of asset management via secure smart contracts, demonstrating an unwavering commitment to security and transparency.

To learn more and start with the drETH fund, visit drETH.

Exciting Event: Restaking Points All-in-One

Furthermore, the drETH fund introduces an engaging “Restaking Points All in One” campaign, fostering a community-driven investment approach and incentivizing collective action. This initiative is directly linked to the fund, allowing contributors to accumulate DeSyn Points based on their contributions.

We’ve launched a new feature named “Team Battle,” which allows anyone to take on the role of a team leader. Team leaders can invite friends, community members, and others through a referral link to join their team and collectively increase their earnings.

  • Participant Rewards:

Base 3x points for the product, with additional points/rewards varying slightly between products. The joint incentive of Team Leader + DeSyn points (varies among Team Leaders). DeSyn bonus points for the Top 5 Teams on the leaderboard.

  • Bonus Points:

Alongside the base 3x points, there are incentives set by team leaders and additional bonus points from the DeSyn team based on team performance in the points system. Designed to encourage outstanding teamwork and collaboration.

  • Team Leader Incentives:

Team leaders receive DeSyn point incentives based on the total points earned by their team’s staked ETH/LRT. An additional percentage of bonus points awarded when team points reach specified ranges, with the discretion to redistribute these points

The “Restaking Points All-in-One” campaign takes a unique approach by encouraging users to create or join teams, amplifying their reward potential through team-based participation. This innovative system nurtures community and camaraderie within the DeFi ecosystem, fostering a collaborative investment experience.

This strategic alliance between DeSyn Protocol and Renzo is a testament to their steadfast dedication to financial innovation and community empowerment. Investors are invited to explore the transformative drETH fund, where competitive earnings are seamlessly integrated with the thrill of team-based competition and reward amplification through the “Restaking Points All-in-One” campaign. This strategic collaboration promises attractive returns, prioritizes convenience and security, and cultivates a sense of unity and shared success within the DeFi community.

About Renzo

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. The protocol abstracts all complexity from the end-user and enables easy collaboration between users and EigenLayer node operators.

Twitter /Discord / Website

About DeSyn Protocol

DeSyn Protocol is an innovative decentralized asset management infrastructure on Web 3, empowering users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets (tokens, NFTs, derivatives, etc.) via smart contract.

Twitter /Discord / Website

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DeSynDAO
DeSyn Protocol

A decentralized asset management protocol in Web 3, which allows users to create and manage customized pools-based portfolios with a variety of on-chain assets.