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Binance Labs
2 months ago 3 mins read

Binance Labs Invests in Renzo to Support Liquid Restaking on the EigenLayer Ecosystem

Denver, USA, February 22nd, 2024 Binance Labs, the venture capital and incubation arm of Binance, has invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, built to promote the widespread adoption of EigenLayer. The protocol’s mission is to develop shared security on EigenLayer and set the standard for risk management in restaking.  Renzo Protocol, EigenLayer’s Restaking Hub, consists of Ethereum smart contracts that facilitate trustless collaboration between stakers, node operators, and Actively Validated Services (AVSs). These contracts allow users to restake their assets, delegate them to node operators, and interact with on-chain service modules, abstracting away complexities