Renzo’s ezETH falls as low as $700, leading to $56m in liquidations

ezETH traded off its peg Tuesday, leading to around $56 million in liquidations across DeFi protocols.
Users are apparently frustrated with the newly released tokenomics for Renzo’s governance token, REZ.
Trading of REZ is expected to go live on April 30, with airdrop claims going live on May 2.