Denver, USA, June 18, 2024, Chainwire

Liquid Restaking Protocol Renzo in the present day introduced a $17 million funding spherical. As of in the present day, Renzo has already restakeed practically $4 billion. The funding is available in two rounds, the primary led by Galaxy Ventures and the second by Nova Fund – BH Digital (based mostly in Abu Dhabi). This follows a earlier $3.2 million funding spherical by way of Maven11, Figment Capital and Binance Labs.

Restaking is rapidly changing into a core pillar for scaling Ethereum's safety, however its complexity, danger and price have hindered person development. Constructed on EigenLayer, Renzo is constructed to make restakaging accessible and easy, and the brand new funding spherical will broaden its restak companies.

Renzo serves as a safe and user-friendly interface into the EigenLayer ecosystem, securing AVS (Actively Validated Companies) and accessing restake rewards, whereas simplifying the method and enabling safe integration with node operators.

“Restaking contains ETH and all ERC-20 property. As twin staking adoption grows, Renzo is constructing a settlement layer for restaking,” mentioned founding member Lukas Kosinski.

Renzo permits customers to deposit native ETH, stETH, and wBETH (LST) to entry EigenLayer. Renzo runs a decentralized Ethereum validator infrastructure powered by Figment, P2P.org, and Hashkey Cloud, permitting limitless participation in Eigenlayer.

With over 100 DeFi integrations, you may entry it from Arbitrum, Base, Blast, Linea, Mode, and BNB Chain.

“Renzo differentiates itself from different protocols by constructing a system basically with restakaging in thoughts, versus conventional staking protocols which can be merely tailored to restakaging,” mentioned Will Nuel, normal accomplice at Galaxy Ventures. “What units Renzo aside is its distinctive capacity to simply accept each native ETH and Liquid Staking Tokens (LST). This characteristic permits Renzo to foster collaboration with present market gamers, guaranteeing a easy, user-friendly course of for individuals.”

About Renzo

Renzo is an EigenLayer restakage hub constructed to streamline and broaden entry to essentially the most clever Liquid Restaking methods. Powered by institutional-grade node operators, Renzo abstracts the complexities of securing an Actively Verified Service (AVS) whereas offering a strong interface for danger administration and reward monitoring in EigenLayer. Renzo's ezETH, essentially the most built-in Liquid Restaking Token (LRT), permits customers to entry broader publicity to the EigenLayer (and Ethereum) ecosystem and earn extra rewards. Customers can earn extra rewards by visiting https://www.renzoprotocol.com/.

contact

Contributor
Lukas Kosinski
Renzo Rabo
(electronic mail tackle protected)