Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard

Liquid restaking protocol Renzo shared Tuesday that it has raised $17 million in a funding round, according to a press release shared exclusively with CoinDesk. The fresh capital, which took place over two rounds, was led by Galaxy Ventures in the first round and by Brevan Howard Digital Nova Fund in the second. Renzo is part of a new class of “restaking” protocols built on EigenLayer, which takes users' ether (ETH) tokens, and then repurposes them to secure additional networks, known as “actively validated services,” or AVSs. The fundraising announcement comes two months after Renzo released an airdrop for its $REZ token.

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