Binance Labs Invests in Renzo, EigenLayer’s Restaking Hub

FinanceFeeds Editorial Team

Binance Labs has made a strategic investment in Renzo, a platform designed to enhance EigenLayer’s adoption through its Liquid Restaking Token (LRT) and Strategy Manager. This move aims to bolster shared security on EigenLayer and redefine restaking risk management.

Renzo, the restaking hub for EigenLayer, utilizes Ethereum smart contracts to enable seamless cooperation among stakers, node operators, and Actively Validated Services (AVSs), simplifying user interaction with the EigenLayer ecosystem. It prioritizes securing AVSs while offering yields surpassing traditional Ethereum staking.

“The team and I are humbled to have the support of the entire Binance community by bringing thought leadership and DeFi’s best practices to restaking on EigenLayer.” commented Lucas Kozinski, Founding Contributor of Renzo.

The platform introduces ezETH, a liquid restaking token that consolidates yields and incentives, against ETH or LST tokens like stETH and wBETH deposited by users. Renzo is also expanding its services to include cross-chain ETH bridging from various Layer 1 and Layer 2 networks to EigenLayer, streamlining the process for users across different blockchain environments.

With a focus on risk and portfolio management, Renzo partners with top-tier node operators and DeFi experts. The founding team, seasoned in DeFi and Web3 ventures, is dedicated to delivering innovative LRT products and enhancing security and risk management practices within the EigenLayer framework.

Yi He, Co-Founder of Binance and Head of Binance Labs commented: “Renzo’s 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’s growth in the Liquid Restaking sector.”

Binance Labs, valued at over $10 billion, has backed 250 projects globally, achieving significant returns on investment. It supports startups through its incubation programs, with 50 projects already benefitting from its extensive network and resources.

Read this next


BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.


BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.


BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.


BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.