May 2025 Update
The monthly governance recaps provide a summary of essential governance updates from the previous month. This edition highlights Renzo’s governance activities for May 2025.
Featured in this report are:
- Snapshot Proposals
- Insights into Voting Behaviour
- Other updates
- Conclusion
Snapshot Proposals
During the month of May, there was 1 major proposal, approving the deployment of 700 ETH into Fluid. On receiving recommendations from Chaos Labs, the proposal was moved to Snapshot where it received 100% votes in favour.
Other Updates
- Cap Finance - Risk Analysis: Chaos published a risk analysis report for Cap labs AVS. Quick overview, Cap is a stablecoin protocol that issues yield-bearing stablecoins through loans backed by restaked collateral. Financial institutions borrow from a vault, while restakers underwrite the loans and earn fees. The system relies on off-chain legal agreements between restakers and operators. Detailed article here
Conclusion
The month of May saw 1 active snapshot proposal. Progress on AVS onboarding and risk assessment - with Cap Finance signals a promising stance on Restaking use-case.