Denver, United States, June 18, 2024, Chainwire
Renzo, the Liquid Restaking Protocol, at the moment introduced $17 million in funding. Up to now, virtually 4 billion {dollars} have already been guess with Renzo. The funding, which came about in two rounds, was first led by Galaxy Ventures and the second spherical led by Nova Fund – BH Digital (based mostly in Abu Dhabi). This follows $3.2 million in funding earlier by way of Maven11, Figment Capital and Binance Labs.
Stake restoration is shortly turning into a cornerstone for scaling safety to , however it's sophisticated, dangerous, and costly, hindering person progress. Constructed on EigenLayer, Renzo is constructed to make resacking inexpensive and simple, and its new spherical of funding will broaden its resacking companies.
Renzo acts as a safe, user-friendly interface to the EigenLayer ecosystem, offering AVS (Energetic Validated Companies) and entry to resuming rewards, simplifying the method and enabling safe integration with node operators.
“Re-staking will embrace all property, ETH and ERC-20, as dual-staking adoption grows, Renzo is constructing a settlement layer for re-staking,” mentioned Lucas Kozinski, founding contributor.
Renzo permits customers to deposit native ETH, stETH and wBETH (LST) and achieve entry to EigenLayer. Renzo operates a distributed Ethereum validator infrastructure powered by Figment, P2P.org, and Hashkey Cloud that allows limitless Eigenlayer participation.
It’s accessible from Arbitrum, Base, Blast, Linea, Mode and BNB Chain with greater than 100 DeFi integrations.
“Renzo differentiates itself from different protocols by constructing its system from the bottom up with re-staking in thoughts, in contrast to conventional staking protocols that simply adapt to staking,” mentioned Will Nuelle, Basic Companion of Galaxy Ventures. “What units Renzo aside is its distinctive skill to simply accept each native ETH and Liquid Staking Tokens (LST). This functionality permits Renzo to assist collaboration with present market gamers and ensures a clean, user-friendly course of for members.
About Renzo
Renzo is an EigenLayer restaking hub created to streamline and broaden entry to essentially the most clever Liquid Restaking methods. Powered by institutional-grade node operators, Renzo removes the safety complexities of Actively Validated Companies (AVS) whereas offering a robust interface for threat administration and reward monitoring on EigenLayer. With Renzo's ezETH – essentially the most built-in Liquid Restaking Token (LRT) – customers have entry to broad publicity to the EigenLayer (and Ethereum) ecosystems with a number of reward technology alternatives. Use can earn extra whenever you go to https://www.renzoprotocol.com/
ContactContributorLukasz KozinskiRenzo LabsLucas@renzoprotocol.com
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