Renzo, a liquid restaking protocol operating on EigenLayer, secured $17 million in funding across two rounds led by Galaxy Ventures and Brevan Howard Digital Nova Fund. The capital infusion aims to enhance Renzo’s restaking capabilities, including support for ERC-20 tokens. Renzo’s platform offers higher yields by repurposing staked ETH to secure additional networks. The move reflects a growing trend in restaking protocols expanding beyond Ethereum, with plans to integrate other tokens like $EIGEN and ERC-20s.
