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TechFlow reports that restaking protocol Renzo has announced the completion of a $3 million seed funding round led by Maven11, with participation from SevenX Ventures, Figment Capital, OKX Ventures, IOSG, and others.
Users can deposit Ethereum or LSTs into Renzo to mint ezETH. The ezETH can then be used in other DeFi protocols to earn compounded returns.
Renzo, a restaking protocol, announced the completion of a $3 million seed round led by Maven11, with participation from SevenX Ventures, Figment Capital, OKX Ventures, IOSG, and others. Users can deposit Ethereum or LSTs into Renzo to mint ezETH, which can then be used in other DeFi protocols to earn compounding returns.
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