Renzo vs Bedrock (2026): Which Liquid Restaking Protocol Fits You?

Reviewed 2026-05-28 by DeFi Intel Research Desk

At a glance

Renzo ↗ and Bedrock ↗ are both liquid restaking protocols, but they target different restaking assets and ecosystems. Renzo focuses on ETH liquid restaking with ezETH and has built a $1.2B TVL across 7 chains. Bedrock offers multi-asset liquid restaking — uniBTC for BTC, uniETH for ETH, and uniIOTX for IoTeX — with a $300M TVL on 6 chains. If you are an ETH-native restaker seeking deep liquidity, Renzo is the larger option. If you hold BTC and want to restake it, Bedrock’s uniBTC is a direct on-ramp.

Key differences

Three dimensions separate them. First, supported assets: Renzo only tokenizes restaked ETH (ezETH), whereas Bedrock extends restaking to BTC (uniBTC) and IoTeX (uniIOTX), appealing to a multi-asset audience. Second, TVL and liquidity: Renzo commands $1.2B in total value locked, four times Bedrock’s $300M, implying deeper liquidity for large deposits and exits. Third, chain footprint: Renzo deploys on 7 chains (Ethereum, Arbitrum, Linea, BNB, Base, Mode, Blast), while Bedrock covers 6 (Ethereum, Arbitrum, BNB, Optimism, Base, Mantle). The overlap is significant, but Renzo’s inclusion of Linea, Mode, and Blast may benefit users active on those networks. Audit backgrounds also differ: Renzo engaged Halborn and Sigma Prime; Bedrock worked with SlowMist and Salus. Both lack any reported security incidents as of 2026-05-28.

Security and track record

Neither Renzo nor Bedrock has suffered a publicly disclosed exploit or governance incident. Renzo’s audits from Halborn and Sigma Prime inspect its operator delegation and bridging logic for ezETH. Bedrock’s audits from SlowMist and Salus cover its multi-asset vaults and integrations with Babylon, EigenLayer, and Symbiotic. Because Bedrock launched a year earlier (2023 vs 2024), it has a slightly longer battle-testing period, though Renzo’s higher TVL and broader user base impose stronger economic stress testing. Both protocols remain relatively new; treat them as higher-risk than mature lending protocols.

Fees and costs

Neither Renzo nor Bedrock discloses a fixed fee schedule in our data. Liquid restaking protocols typically charge a small percentage of staking rewards (e.g., 5–10%) as a protocol fee, but the exact figures vary by asset and integration. Check the official documentation for current fee terms.

Which should you choose

Pick Renzo if you are an ETH holder focused on liquid restaking with the deepest liquidity ($1.2B TVL) and the widest multichain coverage (7 chains). Its ezETH token is well integrated with EigenLayer ↗ and DeFi markets.
Pick Bedrock if you want to restake BTC or diversify across multiple assets (uniBTC, uniETH, uniIOTX). Its $300M TVL is smaller but growing, and it offers exposure to BTC yield opportunities via Babylon and other integrations.

Verdict

There is no universal winner. Renzo dominates ETH liquid restaking in scale and chain breadth. Bedrock wins for BTC restaking utility. The decision hinges on your underlying asset: ETH for Renzo, BTC for Bedrock.

Frequently asked questions

Is Renzo better than Bedrock?

It depends on your asset. Renzo is better for ETH restaking with higher TVL and more chains. Bedrock is better if you hold BTC and want to restake it via uniBTC.

Which has higher TVL, Renzo or Bedrock?

Renzo holds $1.2B in TVL, while Bedrock has $300M.

Is Bedrock safer than Renzo?

Both have undergone audits — Renzo by Halborn and Sigma Prime, Bedrock by SlowMist and Salus — and neither has reported an incident. Bedrock launched in 2023, giving it a longer track record, but Renzo’s larger TVL suggests greater economic testing. Safety is comparable; consider the underlying risk of restaking.