Denver, USA, June 18, 2024, Chainwire
Renzo, the Liquid Restaking Protocol, right now introduced $17 million in funding. As of right now, nearly $4 billion has already been transferred from Renzo. The funding, which passed off in two rounds, was led by Galaxy Ventures within the first spherical and Nova Fund – BH Digital (based mostly in Abu Dhabi) within the second spherical. This follows $3.2 million in funding beforehand obtained by Maven11, Figment Capital, and Binance Labs.
Relocations are rapidly turning into a mainstay for bettering safety on Ethereum, however they’re complicated, dangerous, and costly, thus hindering consumer progress. Constructed on EigenLayer, Renzo is constructed to make re-betting accessible and straightforward, and its new spherical of funding will broaden its re-betting providers.
Renzo acts as a safe, user-friendly interface to the EigenLayer ecosystem, offering AVS (Actively Verified Companies) and entry to repeat staking rewards, whereas simplifying the method and offering safe integration with node operators.
“Re-staking will embody all property, ETH and ERC-20, as adoption of double-staking grows. Renzo is constructing a settlement degree for repeat bidding,” stated Lukasz Kozinski, founder.
Renzo permits customers to deposit native ETH, stETH and wBETH (LST) and entry EigenLayer. Renzo operates a distributed Ethereum validator infrastructure powered by Figment, P2P.org, and Hashkey Cloud to offer limitless Eigenlayer participation.
It’s out there with Arbitrum, Base, Blast, Linea, Mode and BNB Chain with greater than 100 DeFi integrations.
“Renzo differs from different protocols in that it essentially builds its system with reshuffle in thoughts, in contrast to conventional betting protocols that merely adapt to reshuffle,” stated Will Nuel, Normal Accomplice of Galaxy Ventures. “What units Renzo aside is its distinctive capacity to just accept each native ETH and Liquid Staking Tokens (LST). This functionality permits Renzo to facilitate collaboration with present market gamers and gives a easy, user-friendly course of for contributors.”
About Renzo
Renzo is an EigenLayer restocking hub constructed to optimize and broaden entry to the neatest Liquid Restocking methods. Powered by enterprise-grade node operators, Renzo abstracts from the complexities of offering Actively Validated Companies (AVS), whereas offering a strong interface for threat administration and reward monitoring on EigenLayer. With Renzo’s ezETH—probably the most built-in Liquid Restaking Token (LRT)—customers can achieve broad entry to the EigenLayer (and Ethereum) ecosystems with extra reward alternatives. Customers can earn extra by visiting https://www.renzoprotocol.com/
Contact
Contributor
Lukasz Kozinski
Renzo Labs
[email protected]
