Renzo TVL, an Ethereum-based re-staking protocol, has surpassed $500 million in total value locked (TVL).

According to official website data on February 26th, the Renzo TVL protocol for Ethereum's re-staking has surpassed $500 million. Renzo previously announced the completion of a $3 million seed round of financing in mid-January, led by Maven11, with participation from SevenX Ventures, Figment Capital, IOSG, and others. Binance Labs recently announced investment in Renzo to support liquidity re-collateralization on the EigenLayer ecosystem.