Renzoannounced that Jito will be launching ezUSDC on its re-staking platform. With this integration, users will be able to use USDC as fixed collateral and DeFi protocols on Solana ezUSDCwill be able to consider as a new re-stake asset.
Importance and Use of USDC
ezUSDC, USDC’s re-staking liquid token, bringing together Renzo’s liquid staking expertise and Jito’s innovative staking infrastructure, enabling developers to build secure and sustainable staking on Solana. Node Consensus NetworkIt will enable them to discover new possibilities for their (NCNs).
To the left Native USDC on its blockchain has a wide usage area, accounting for approximately 70 percent of the stablecoin market cap as of September 9, 2024. This makes USDC an ideal asset for re-staking. USDC, LEFT It acts as a buffer against price fluctuations, unlike volatile assets such as bonds or governance tokens.
Using USDC as collateral for ezUSDC protects NCNs from price fluctuations and creates a more resilient network, providing a more secure and stable DeFi experience for both users and developers.
ezUSDC’s Impact on NCNs
The launch of ezUSDC will have a significant impact on NCNs. Using fixed collateral protects networks from economic volatility and creates a more efficient system. USDC Staking mechanismsIts inclusion strengthens the infrastructure of NCNs and provides better protection against market risks, enabling more seamless operation even during periods of high volatility.
Renzo’s innovation with ezUSDC will expand the protocol’s DeFi product range, offering many innovative use cases, from trading to vault products, automatic compounding systems and more. On the other hand, this integration seems to contribute to the further strengthening of USDC’s presence by increasing its adoption in the Solana ecosystem.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
