September 7, 2024

Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard

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Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard

Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard

Renzo is part of a new class of “restaking” protocols built on EigenLayer, which takes users’ ether (ETH) tokens, deposited or “staked” as security on the Ethereum blockchain, and then repurposes them to secure additional networks, known as “actively validated services,” or AVS’.

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