Binance Labs announces investment in Ethereum liquidity re-staking protocol Renzo

ChainCatcher news, according to The Block, Binance Labs has invested in the EigenLayer-based Ethereum liquidity re-staking protocol Renzo, with the investment amount undisclosed. The investment structure of Binance Labs is the same as that of the seed round financing, with a ratio of equity to token warrants of 1:1.

It is reported that Renzo plans to launch native ETH re-staking on the BNB Chain in collaboration with the cross-chain protocol Connext. BNB Chain users will be able to directly re-stake their ETH as Renzo LRT token ezETH without cross-chain transfers, and will earn EigenLayer points and Renzo's ezpoints rewards. Renzo will also accept wBETH, stETH, and native ETH for re-staking.