Binance Labs has invested in the Renzo protocol
Renzo has already held the second round recently. Binance Labs has invested an unspecified amount in the project.
Binance Labs, the venture capital arm of the exchange of the same name, has invested an undisclosed amount in the Renzo project. This is an EigenLayer-based liquid restaking protocol.
This is the second round of Renzo in recent times. In January 2024, the project raised $3.2 million at the seed stage.
The startup entered the market in August 2023. The team started fundraising in the fall, and in December the testnet was launched.
Among the developers' plans is to go beyond the Ethereum ecosystem. The team is also going to launch the main network after completing the third stage of tests on EigenLayer.
Details of the new round were not disclosed. It is known that Binance Labs invested funds according to the same scheme as the participants of the seed stage, that is, using token warrants.
Earlier, Binance Labs invested in another liquid restaking protocol — Puffer Finance. In this case, the amount was also not disclosed.
Source: https://incrypted.com/binance-labs-ynvestyrovala-v-protokol-renzo/
