Crypto venture capital firm Binance Labs has disclosed an investment in Renzo, the interface to the EigenLayer ecosystem.
According to an announcement on Feb. 22, Binance Labs is joining a group of venture firms and crypto ecosystems that invested $3.2 million in the startup seed round in January. Binance’s investment in the startup has not been revealed.
Renzo offers Ethereum smart contracts that facilitate communication between stakers, node operators and actively validated services (AVSs). In other words, it allows users to restake assets, delegate them to node operators, and interact with on-chain service modules, according to the company.
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