What is the Renzo protocol in Binance Labs?

Can you elaborate on the Renzo protocol that's been making waves in the Binance Labs ecosystem? I'm curious about its unique features and how it fits into the broader crypto landscape. Is it a new blockchain technology or a protocol built on an existing one? What are its main goals and use cases? And how does it aim to improve upon existing solutions in the market? I'd appreciate any insights you can share on this intriguing development.