this might be the first time I've seen hooks applied in a clever way to meet business needs?
fundamentally, @RenzoProtocol is an asset manager whose job is to keep the liquid value of their issued assets as close to the underlying as possible.
if liquid prices move away from the underlying, it's in renzo's best interest to disincentivize selling of ezETH to further the depeg, so they use the hook to increase fees.
this is exactly what ethena does with redemptions during a liq crunch but it's super cool to see a version built using fully onchain primitives like hooks
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