Binance Labs has invested in the Renzo protocol for the second time in recent memory. The investment amount is not disclosed. Renzo is a liquid re-staking protocol based on EigenLayer. The project raised $3.2 million at the seed stage in January 2024. The startup began raising funds in the fall of 2023 and launched a testnet in December. It is planned to expand beyond the Ethereum ecosystem and launch the main network after the completion of the third stage of tests on EigenLayer. Details of the new round have not been disclosed, but it is known that Binance Labs used token warrants for investment. In addition to Renzo, Binance Labs also invested in the Puffer Finance re-staking protocol. The volume of funds in restaking protocols reached $3.5 billion by February 2024.