Liquidity re-staking protocol Renzo has completed a $17 million financing round to expand its re-staking services, with a Total Value Locked (TVL) approaching $4 billion. The financing was led by Galaxy Ventures and Nova Fund – BH Digital in two rounds. Renzo supports native ETH, stETH, and wBETH deposits and collaborates with EigenLayer, with its infrastructure supported by Figment, P2P.org, and Hashkey Cloud. Renzo has integrated over 100 DeFi projects and is accessible on multiple blockchains.

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Odaily Planet Daily News Renzo, a liquidity re-collateralization protocol, announced the completion of a $17 million financing. As of the time of publication, Renzo's re-collateralized TVL is close to $4 billion. The financing consists of two rounds, with Galaxy Ventures leading the first round and Nova Fund - BH Digital, based in Abu Dhabi, leading the second round. Previously, Renzo also received $3.20 million in investments from Maven11, SevenX Ventures, Figment Capital, and Binance Labs. Renzo allows users to deposit native ETH, stETH, and wBETH (LSTs) and access EigenLayer. The distributed Ethereum validator infrastructure operated by Renzo is supported by Figment, P2P.org, and Hashkey Cloud to enable unrestricted participation on Eigenlayer. Renzo can be accessed from Arbitrum, Base, Blast, Linea, Mode, and BNB Chain, and integrates with over 100 DeFi projects.

Liquidity re-collateralization protocol Renzo completes $17 million in funding, with TVL approaching $4 billion.