Renzo, a re-staking protocol, has completed a $3 million seed round of financing, with lead investment from Maven11 and participation from SevenX Ventures, among others.

According to BlockBeats news on January 15th, Renzo, a liquidity re-staking protocol in the Eigenlayer ecosystem, announced the completion of a $3 million seed round of financing. The round was led by Maven11, with participation from SevenX Ventures, Figment Capital, IOSG, and others. Renzo's core is ezETH, a Liquid Restaking Token (LRT). Users can mint this token by depositing Ethereum or LST into Renzo. ezETH can be further used in other DeFi protocols to generate compound returns. Renzo abstracts all complexity for end-users, making it easy for them to participate in the Eigenlayer ecosystem's re-staking.