The liquidity re-staking protocol Renzo has completed a $17 million financing round, led by Galaxy Ventures and others.

ChainCatcher news, according to CoinDesk, the liquidity re-staking protocol Renzo announced the completion of a $17 million financing, which was divided into two rounds. The first round was led by Galaxy Ventures, and the second round was led by Abu Dhabi-based Nova Fund -- BH Digital.

Previously, Renzo also secured $3.2 million in investments from Maven11, Figment Capital, and Binance Labs.

According to the Web3 asset data platform RootData, [Renzo](https://www.rootdata.com/zh/Projects/detail/Renzo Protocol?k=OTk0NA== "Re-staking protocol based on EigenLayer") is a re-staking protocol based on EigenLayer. Renzo abstracts the complex process of re-staking for end users, allowing stakers not to worry about the active selection and management of operators and reward strategies. ezETH is Renzo's liquidity re-staking token, which automatically accrues rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-staking rewards.