Renzo, a remote provider of a DeFi liquid restaking protocol, received an investment from OKX Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Renzo is a new DeFi Liquid Restaking Protocol, that is live on EigenLayer’s Mainnet, allowing users to restake their ETH and bypass Eigenlayer Liquid Staking Tokens (LST) caps. It launched its Beta Mainnet on December 18th 2023, attracting USD $20 million in deposits from over 2,000 users, making it the fastest growing Restaking Protocol on EigenLayer.
Commenting on the news, Renzo founding contributor Lucas Kozinski said: “OKX Venture’s investment in Renzo is a testament to the potential of the protocol and the innovation that is happening every day as we contribute to the future of decentralized finance. As Renzo scales and prepares for the launch of EigenDA, relationships with leading exchanges like OKX will ultimately help to make Renzo the most accessible and easy-to-use ETH restaking solution in the crypto space.”
FinSMEs
16/01/2024