According to Planet Daily, EigenLayer ecological liquidity re-pledge agreement Renzo announced the completion of a US$3 million seed round of financing. This round of financing was led by Maven11, with participation from SevenX Ventures, Figment Capital and IOSG. The core of Renzo is ezETH, a Liquid Restaking Token (LRT) that users can mint by depositing Ethereum or LST into Renzo. ezETH can be further used in other DeFi protocols to earn compound interest returns. Renzo abstracts all the complexity for end users, allowing them to participate in re-staking of the EigenLayer ecosystem with a low threshold.
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Renzo completes US$3 million in seed round financing
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