Renzo’s ezETH token depeg triggers liquidations across DeFi platforms

Renzo’s liquid restaking token (LRT), ezETH, experienced a significant depegging event that liquidated millions from “loopers” using the token as collateral on leverage protocols like Gearbox. According to data from CoinMarketCap, the digital asset’s value plunged to a low of $2,755 before recovering to its current level of $3,178 as of press time. Notably, decentralized […] source: https://cryptoslate.com/renzos-ezeth-token-depeg-triggers-liquidations-across-defi-platforms/