{"id":26592,"date":"2024-02-22T19:57:03","date_gmt":"2024-02-22T19:57:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-labs-invests-in-eigenlayer-restaking-protocol-renzo\/"},"modified":"2024-02-22T19:57:03","modified_gmt":"2024-02-22T19:57:03","slug":"binance-labs-invests-in-eigenlayer-restaking-protocol-renzo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-labs-invests-in-eigenlayer-restaking-protocol-renzo\/","title":{"rendered":"Binance Labs invests in EigenLayer restaking protocol Renzo"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/binance-labs-image-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/binance-labs-image-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/binance-labs-image-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/binance-labs-image-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Binance Labs, the venture capital arm of Binance, has invested in Renzo.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for Ethereum restaking protocol EigenLayer.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a>\u2019s venture capital arm has announced it invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance Labs\u2019 <a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-labs-invests-in-renzo-to-support-liquid--restaking-on-the-eigenlayer-ecosystem-5456922013853091014\" target=\"_blank\" rel=\"noopener\">announcement<\/a> that it invested in Renzo comes on the same day as news of venture capital firm a16z\u2019 $100 million investment in EigenLayer. EigenLayer is an Ethereum restaking protocol with a TVL of of $7.8 billion as of February 22, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Read more:<\/span><a href=\"https:\/\/coinjournal.net\/news\/a16z-invests-100-million-in-ethereum-protocol-eigenlayer\/\"> <span style=\"font-weight: 400\">a16z invests $100 million in Ethereum restaking protocol EigenLayer<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Binance Labs seeks to boost Liquid Restaking space<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Renzo Protocol is the liquid restaking hub for EigenLayer, with its technology key to the trustless collaboration between various ecosystem players on EigenLayer. Binance Labs seeks to help stakers, node operators and Actively Validated Services (AVS) on Renzo collaborate better within an environment of shared security and standard risk management.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cRenzo\u2019s technology addresses the complexities of Liquid Restaking, enabling more users to participate in Liquid Restaking. At Binance Labs, we are always seeking innovative DeFi projects that introduce novel use cases, and we look forward to witnessing Renzo\u2019s growth in the Liquid Restaking sector,\u201d Yi He, co-founder of Binance and head of Binance Labs, said in a statement.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Renzo offers native ETH restaking, with support for ETH deposits as well as LST tokens such as staked ETH (stETH) and wrapped Beacon ETH (wBETH).<\/span><\/p>\n<p><span style=\"font-weight: 400\">When a user deposits an LST token or Ether on Renzo, they receive ezETH. This is a liquid restaking token that represents the user\u2019s restaked position. The LRT encapsulates all potential yields and incentives.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-labs-invests-in-eigenlayer-restaking-protocol-renzo\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance Labs, the venture capital arm of Binance, has invested in Renzo. Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for Ethereum restaking protocol EigenLayer. Binance\u2019s venture capital arm has announced it invested in Renzo, a Liquid Restaking Token (LRT) and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26592"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26592"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26593"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}