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Renzo is a liquid ETH staking protocol built upon the EigenLayer staking protocol. It stands out by offering increased APR returns for liquid staking of ETH by combining rewards from Ethereum native staking and EigenLayer restaking, along with its own LST token in exchange for ETH - ezETH.
The governance of the Renzo staking protocol is powered by the native $REZ token, primarily allowing users to vote on DAO proposals within the platform.
On January 15, 2024, the company closed its Seed funding round, raising over $3.2M from Maven11 Capital, Figment Capital, IOSG Ventures, and others. However, the exact amount of tokens sold to the investors remains undisclosed.
12 months cliff, then ~8.3% unlocked every month.