Renzo, the 4-billion dollar-liquid-restaking protocol, collects $ 17 million to expand the remaining services
Renzo, the 4-billion dollar-liquid-restaking protocol, collects $ 17 million to expand the remaining services
Denver, United States, June 18, 2024, Chainwire
Renzo The Liquid Restaking Protocol today announced a financing of $ 17 million. To date, almost $ 4 billion has already been used at Renzo. The financing that took place in two rounds was initially led by Galaxy Ventures and in the second round of the Nova Fund - BH Digital (based in Abu Dhabi). This is followed by a financing of $ 3.2 million, which was previously made available via Maven11, Figment Capital and Binance Labs.
RESTAKING quickly develops into a central pillar for scaling security on Ethereum, but is complicated, risky and expensive and thus hinders user growth. Renzo, which is based on her own layer, is supposed to access and make it easy to access, and his new financing round will expand his remaining services.
renzo acts as a secure, user-friendly interface to the own-layer ecosystem, secures AVS (Actively validated services) and enables access to residual rewards, while it simplifies the process and enables safe integrations with knot operators.
"RestaKing will include all assets, ETH and ERC-20, Resolution level for residual attention, ”said Lucas Kozinski, founding member.
With RENZO, users can store natives ETH, Steth and Wbbbeth (LSTS) and access them on their own layers. Renzo operates a distributed Ethereum validation infrastructure, which is operated by Figment, P2P.org and Hashkey Cloud in order to enable an unreserved participation in self-layer.
It is accessible from arbitrum, base, blast, linea, fashion and BNB chain with over 100 defi integrations.
"Renzo differs from other protocols in that it basically builds up its system with a view to residual attention, in contrast to traditional staking protocols that only adapt to the resttaking," said General partner of Galaxy Ventures. "What distinguishes Renzo is his unique ability to accept both native ETH and Liquid Staking tokens (LSTS). This ability enables Renzo to promote cooperation with existing market participants and ensure a smooth, user -friendly process for the participants."
about Renzo
Renzo is the Restaking hub from Eigenlayer, which is intended to rationalize and expand access to the most intelligent liquid-refaking strategies. Driven by knot operators on an institutional level, Renzo abstracts the complexity of securing Actively Validated Services (AVS) and at the same time offers a powerful interface for risk management and reward tracking on its own layer. With Renzos Ezeth-the best integrated liquid-refaking token (LRT)-users can access a broad presence in their own layer (and Ethereum) ecosystems and get more options for generating rewards. Users can earn more by https://www.renzoprotocol.com/
contact
Participant
lukasz Kozinski
renzo labs
[email protected]
Source: Coinlist.me
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