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The world's largest cryptocurrency exchange, Binance, announced an investment in Renzo, a protocol based on Ethereum, to support liquidity repurchasing in the EigenLayer ecosystem.
The statement includes the following details:
"Binance's venture capital and incubation arm, Binance Labs, has invested in Renzo, a Liquid Retake Token (LRT) and EigenLayer strategist designed to drive widespread adoption of EigenLayer. The mission of this protocol is to develop universal security on EigenLayer and set standards for risk management retakes."
Binance Co-founder and Head of Binance Incubator, He Yi, stated:
"Renzo's technology eliminates the complexity of Liquid Retake, enabling more users to participate in Liquid Retake. At Binance Labs, we have been searching for innovative DeFi projects that offer new use cases, and we look forward to witnessing Renzo's growth in the Liquid Retake industry. Renzo is partnering with enterprise-grade node operators to provide on-chain ETH repurchasing services. Currently, the protocol supports native ETH deposits and LST tokens, such as stETH and wBETH." |
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Post time 1-3-2024 20:06:34