Renzo raises $17M to expand restaking services, simplifying process and fostering collaboration.

From Investing.com: 2024-06-18 09:30:45

Renzo, the Liquid Restaking Protocol, secures $17M in funding, bringing total restaked amount to $4B. Galaxy Ventures and Nova Fund lead two funding rounds. Renzo simplifies complex and expensive restaking process, enabling easy user growth. Renzo accepts ETH and LSTs, fostering collaboration and providing secure integrations with node operators.

Renzo offers secure interface to EigenLayer, facilitating AVS security and restaking rewards. Renzo enables users to deposit native ETH, stETH, and wBETH (LSTs) for access to EigenLayer. Renzo runs Ethereum validator infrastructure to ensure unrestricted participation. Renzo is accessible from various DeFi platforms with over 100 integrations.

Renzo distinguishes itself by focusing on restaking at the core, as opposed to traditional staking protocols. Renzo’s unique system accepts both native ETH and LSTs, fostering collaboration with existing market players. Renzo’s ezETH token offers broad exposure to EigenLayer and Ethereum ecosystems with increased rewards opportunities. For more information, visit renzoprotocol.com.

Read more at Investing.com: Renzo, the $4b Liquid Restaking Protocol, Raises $17M to Expand Restaking Services By Chainwire