The ezETH/WETH spot market is available on Helix! You can now trade ezETH/WETH spot market with market and limit orders on Helix, the premier on-chain crypto exchange built on Injective. Read more below to find out more about ezETH and Renzo, the benefits of trading ezETH on Helix, and a step-by-step guide on how to trade on Heilx.
Get started here: https://helixapp.com/spot/ezeth-weth/
What Is Renzo and Renzo Restaked ETH (ezETH)?
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.
Renzo strongly advocates for EigenLayer and its goal of facilitating permissionless innovation on Ethereum, and programmatically acquiring trust for the ecosystem. Renzo is built to promote the widespread adoption of Eigenlayer.
ezETH is the liquid restaking token representing a user’s restaked position at Renzo. Users can deposit native ETH or LSTs and receive ezETH. To learn more about ezETH, please click here.
Why Trade ezETH on Helix
With a diverse array of upgrades and advanced enhancements, Helix is the only truly decentralized derivatives exchange. Helix provides completely unmatched exchange, trading bots, advanced order types, an intuitive Swap interface, trading histories, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds.
Helix is the first platform to support ezETH/WETH spot market within the Cosmos ecosystem alongside maker fee rebates, and new ways to earn with every trade.
In addition, market makers and traders can earn rewards from Injective’s Open Liquidity Program (OLP) by providing liquidity to the ezETH/WETH market. Currently, 40,000 INJ can be earned by eligible participants during each epoch (28 days period). More information on OLP rewards can be found on the OLP Dashboard.
To learn on how you can become an OLP member, read more here.
ezETH-WETH Market Details
- Base asset: ezETH
- Quote asset: WETH
- Minimum price tick size: $0.00001 USDT
- Minimum quantity step: 0.00001
- Fee: -0.01% maker fee; 0.1% taker fee
- Trading hours: 24/7/365
How to Trade ezETH/WETH on Helix?
In order to trade the ezETH/WETH spot market on Helix, you will need to have either ezETH or WETH in your Injective Wallet. The first step is to deposit assets to Injective.
Option 1: Bridge ezETH from Ethereum to Injective
- Go to Injective Bridge and connect your wallet;
- Select “Ethereum” from the dropdown menu as the origin source;
- Select “ezETH” as the asset to transfer and make sure it has ezETH balance;
- Enter the amount of ezETH tokens you would like to transfer and click “Review Deposit” and “Confirm”;
- Once the transfer is completed, you can check the ezETH balance in your Injective Wallet or Account page on Helix.
Option 2: Bridge WETH from Ethereum to Injective
- Go to Injective Bridge and connect your wallet;
- Select “Ethereum” from the dropdown menu as the origin source;
- Select “WETH” as the asset to transfer and make sure it has WETH balance;
- Enter the amount of WETH tokens you would like to transfer and click “Review Deposit” and “Confirm”;
- Once the transfer is completed, you can check the WETH balance in your Injective Wallet or Account page on Helix.
Option 3: Onboard with Fiat
- You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Kado, Transak or Payfura.
- Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
- Select Injective as the network to receive your payment amount;
- Follow the instructions and continue the steps;
- Once the transaction is completed, you will see the USDT or INJ balance on Injective Wallet or Account page under Helix;
- Swap INJ or USDT to WETH by using the Swap feature on Helix.
Trade ezETH/WETH on Helix
After you successfully have ezETH or WETH assets on Injective, you are ready to trade!
- Go to the ezETH/WETH spot market on Helix;
- Now you can buy ezETH using WETH, or sell WETH to get ezETH;
- On Helix, you can choose the type of order, either Market or Limit order;
- Enter the amount you want to Buy or Sell, submit your order and approve it with your wallet;
- Once the order is approved successfully, you will see a notification “Your order has been placed.”
Upcoming Listings
Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.
Stay updated on all new listings by joining Helix on Twitter and Telegram!
Useful Resources
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Earn trading fee discounts by staking INJ: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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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. ezETH is the liquid restaking token representing a user’s restaked position at Renzo. Users can deposit native ETH or LSTs and receive ezETH.