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

Renzo, which describes itself as a “liquid derivative platform built on EigenLayer,” serving as the interface to the EigenLayer ecosystem by securing AVSs and offering a higher yield than ETH, according the project’s documentation. “For every liquid staking token or ETH deposited on Renzo, it mints an equivalent amount of Renzo’s liquid restaking token, ezETH, in return,” the documentation reads.