Wu said that Coinbase has announced that it will support Renzo (REZ) on the Ethereum (ERC-20) network, and users need to ensure that they transfer funds on the correct network, otherwise their funds may be lost. The REZ transaction will be launched on or after 9am Pacific Time on March 6, 2025, provided that liquidity requirements are met. Renzo is a liquid staking solution built on the EigenLayer network.