projects associated with Renzo
Renzo is a liquid staking protocol that is part of a new class of projects built on top of EigenLayer. Here are some interesting details about it:
Fundraising: Renzo recently raised $17 million in a funding round. The funding took place in two rounds, led by Galaxy Ventures in the first round and Brevan Howard Digital Nova Fund in the second. These funds will be used to expand the project's recovery services, including adding support for ERC-201 tokens.
How it works: Renzo describes itself as a liquid derivatives platform built on EigenLayer. It secures actively validated networks (AVS) using ETH tokens deposited by users. In return, Renzo generates cashback tokens (ezETH). Additionally, Renzo now also allows for ERC-201 tokens to be staked.
Binance Launchpool: Binance announced Renzo (EZ) as the 53rd project on its Launchpool platform. Users can mine EZ by staking BNB and FDUSD. Trading pairs include EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD and EZ/TRY23.
In short, Renzo aims to revolutionize liquid restaking and provide yield opportunities to users. If you have any further questions, please let me know! 😊
