Renzo, the Liquid Restaking Protocol, has recently secured $17 million in funding in Denver, United States on June 18th, 2024. Renzo has already restaked nearly $4 billion to date. The funding was obtained through two rounds, with Galaxy Ventures leading the first round and the Nova Fund – BH Digital from Abu Dhabi leading the second round. This funding comes after a previous investment of $3.2 million from Maven11, Figment Capital, and Binance Labs.
Restaking plays a crucial role in enhancing security on Ethereum, but it can be complex, risky, and costly, which hampers user adoption. Renzo, utilizing EigenLayer technology, aims to simplify the restaking process and make it more accessible. The new funding will further enhance Renzo’s restaking services.
Renzo serves as a secure and user-friendly gateway to the EigenLayer ecosystem, ensuring the security of Actively Validated Services (AVS) and enabling users to earn restaking rewards. Users can deposit native ETH, stETH, and wBETH (LSTs) to access EigenLayer. Renzo operates a distributed Ethereum validator infrastructure with the support of Figment, P2P.org, and Hashkey Cloud, allowing for seamless participation on EigenLayer.
The platform is compatible with Arbitrum, Base, Blast, Linea, Mode, and BNB Chain, with integration capabilities for over 100 DeFi projects.
Renzo, the central hub for restaking on EigenLayer, is designed to simplify and broaden access to advanced Liquid Restaking strategies. By leveraging top-tier node operators, Renzo simplifies the complexities of securing AVS while offering a robust interface for risk management and reward tracking on EigenLayer. With ezETH, the most comprehensive Liquid Restaking Token (LRT), users can gain exposure to the EigenLayer and Ethereum ecosystems, providing more opportunities for reward generation.
For more information, visit https://www.renzoprotocol.com/
Contact:
Lukasz Kozinski
Renzo Labs
[email protected]
