Whats Renzo?

@RenzoProtocol is a liquid collateralization protocol based on EigenLayer, which serves as an interface to the EigenLayer ecosystem by securing Actively Validated Services (AVSs) and offering additional yields. Renzo recently completed a new funding round with participation from Binance Labs, and the collaboration will accelerate the adoption of liquid restaking and risk management on EigenLayer, making restaking accessible to everyone.

Renzo has been making waves in the crypto community with its innovative approach to cross-chain communication, and it has already been integrated with a number of popular blockchain networks, including Ethereum, Arbitrum, and Zircuit. The protocol is designed to be user-friendly, allowing users to deposit and mint ezETH, a liquid derivative that represents the staked asset.

In summary, @RenzoProtocol is a liquid collateralization protocol that aims to simplify liquid restaking and enhance the decentralized finance (DeFi) ecosystem. It serves as a bridge to the EigenLayer ecosystem, offering users the opportunity to stake their Ethereum (ETH) or Liquid Staking Tokens (LSTs) and ezETH in return.