ezETH is a lending market on Aave V3 (Ethereum), listed as Renzo Restaked ETH. Depositors supply ezETH to the market and earn a variable interest rate paid by borrowers, who post collateral and are liquidated if their loan outgrows the market's limits. The rate floats with utilization — how much of the supplied ezETH is borrowed at the time — so the market is used to earn on an idle ezETH balance, or to borrow against collateral without selling it.
