Denver, United States, June 18, 2024, Chainwire
RenzoThe Liquid restaking protocol right now introduced a $17M funding spherical. So far, Renzo has had practically $4B restaked. The funding got here in two rounds, the primary led by Galaxy Ventures and the second by Nova Fund – BH Digital (based mostly in Abu Dhabi). This was preceded by $3.2 million in funding through Maven11, Figment Capital, and Binance Labs.
Resttaking is quick turning into a core pillar for rising safety on Ethereum, however it’s complicated, dangerous, and costly, hindering person progress. Renzo, which is constructed on Eigenlayer, is being constructed to make resttaking accessible and simple, and its new funding spherical will develop its resttaking providers.
Renzo serves as a safe user-friendly interface for the Eigenlayer ecosystem, securing AVS (Actively Validated Companies) and simplifying the method whereas offering entry to resttaking rewards and permitting safe integration with node operators.
“Restaking will embrace all belongings, ETH and ERC-20, as a result of Dual stake Renzo is constructing the settlement layer for restaking,” stated founding contributor Lukas Kozinski.
Renzo permits customers to deposit native ETH, stETH and wBETH (LST) and achieve entry to the EigenLayer. Renzo runs a distributed Ethereum validator infrastructure powered by Figment, P2P.org and HashKey Cloud to allow unrestricted participation on the Eigenlayer.
It’s accessible from Arbitrum, Base, Blast, Linea, Mode, and BNB chains with over 100 DeFi integrations.
“Renzo differentiates itself from different protocols by constructing its system natively with restaking in thoughts, not like conventional staking protocols which might be solely suitable with restaking,” he stated. Will NuelCommon Accomplice of Galaxy Ventures. “What units Renzo aside is its distinctive skill to just accept each native ETH and Liquid Staking Tokens (LST). This functionality permits Renzo to foster collaboration with current market gamers and guarantee a seamless, user-friendly course of for members.”
About Renzo
Renzo is Eigenlayer’s resttaking hub, constructed to simplify and develop entry to probably the most clever liquid resttaking methods. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing actively validated providers (AVS), whereas offering a strong interface for danger administration and rewards monitoring on Eigenlayer. With Renzo’s ezETH – probably the most built-in liquid resttaking token (LRT) – customers can entry a broader publicity of the Eigenlayer (and Ethereum) ecosystem with extra alternatives to generate rewards. Customers can earn extra by visiting right here https://www.renzoprotocol.com/
Contact
Contributor
Lukasz Kozinski
Renzo Labs
(email protected)
