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Renzo Launches redETH on Sei

Twitter icon  •  Published 1 day ago  •  Hassan Maishera

On Wednesday, the Sei team announced via X that Renzo Protocol has launched redETH on the Sei blockchain.

On Wednesday, the Sei team announced via X that Renzo Protocol has launched redETH on the Sei blockchain. redETH is powered by Hyperlane and Redstone Oracles.

Restaked ETH on Sei offers new opportunities for users to access native yield-bearing Liquid Restaking Tokens (LRTs). With redETH on Sei, users can enjoy seamless integration and increased yield opportunities within the ecosystem.

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is up 1% in the last 24 hours and is now trading at $0.4296 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.