{"id":9854,"date":"2024-01-16T11:44:55","date_gmt":"2024-01-16T11:44:55","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9854"},"modified":"2024-01-16T11:45:11","modified_gmt":"2024-01-16T11:45:11","slug":"renzo-ethereum-re-staking-raises-3-2-million-seed-round","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/renzo-ethereum-re-staking-raises-3-2-million-seed-round\/","title":{"rendered":"Renzo (Ethereum Re-Staking) Raises $3.2 Million Seed Round!"},"content":{"rendered":"

Renzo, an Ethereum re-staking protocol based on EigenLayer, has raised $3.2 million in a seed funding round.<\/p>\n

The company announced on Monday that Maven11 Capital led the round with participation from Figment Capital, SevenX Ventures, IOSG Ventures, and several other investors.<\/p>\n

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You might like:\u00a0Is Wall Street\u2019s Entry Into Bitcoin Risky?<\/strong><\/em><\/a><\/p>\n<\/blockquote>\n

In addition, the company’s co-founder Lucas Kozinski said in a statement that the venture was founded in August, began raising funds in November, and completed the round in December.<\/p>\n

Kozinski added that this was a stock round with a 1:1 token warrant round, which brings Renzo’s post-money valuation to $25 million.<\/p>\n

What is Renzo?<\/span><\/h2>\n

The Renzo protocol is currently helping users re-stake Ethereum (ETH) through EigenLayer as part of its beta mainnet release last month. The protocol also plans to support liquid staking tokens (LSTs) in future versions.<\/p>\n

To start using the protocol, users need to deposit ETH and optionally LSTs, and they will receive ezETH, which is Renzo’s liquid re-staking token (LRT). This token can then be used in DeFi applications to earn additional yield on top of ETH staking rewards.<\/p>\n

Kozinski said, “Renzo is a third-generation protocol that can accept both native ETH and LSTs.” He characterized Stader Labs-like protocols as first-generation, supporting only liquid staking, and protocols like Ether.fi as second-generation, supporting only ETH re-staking.<\/p>\n

Kozinski said, “Renzo is the first liquid re-staking protocol designed to accept both ETH and LSTs.”<\/p>\n

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Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube\u00a0<\/strong><\/a>and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Renzo, an Ethereum re-staking protocol based on EigenLayer, has raised $3.2 million in a seed funding round. The company announced on Monday that Maven11 Capital led the round with participation from Figment Capital, SevenX Ventures, IOSG Ventures, and several other investors. You might like:\u00a0Is Wall Street\u2019s Entry Into Bitcoin Risky? In addition, the company’s co-founder<\/p>\n","protected":false},"author":1,"featured_media":9855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3652,105,3654,3656,3653,3651,3655],"class_list":["post-9854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eigenlayer","tag-ethereum","tag-figment-capital","tag-iosg-ventures","tag-lucas-kozinski","tag-renzo","tag-sevenx-ventures"],"yoast_head":"\nRenzo (Ethereum Re-Staking) Raises $3.2 Million Seed Round! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Renzo, an Ethereum re-staking protocol based on EigenLayer, has raised $3.2 million in a seed funding round.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/renzo-ethereum-re-staking-raises-3-2-million-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renzo (Ethereum Re-Staking) Raises $3.2 Million Seed Round! 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