• Home
  • Renzo Secures $17M Funding to Expand Restaking Services, Eyes Bitcoin System

Renzo Secures $17M Funding to Expand Restaking Services, Eyes Bitcoin System

The Essentials at a Glance

Renzo, a rising company in the field of liquid restaking protocols, has announced that it has received a substantial 17 million dollars in a funding round from notable investors such as Galaxy Ventures and Brevan Howard Digital Nova Fund. This capital influx is intended to be primarily invested in the expansion of restaking services, including support for ERC-20 tokens. Renzo uses EigenLayer technology to provide a higher return than traditional ETH staking by using user deposits to secure additional networks.

Expansion of Restaking Services

The fresh funds are being used specifically to expand Renzo’s offering. The support for ERC-20 tokens, which are based on the Ethereum blockchain, is particularly in focus. Through this expansion, Renzo opens the door to a broader range of assets that can be included in the restaking. This is a significant step to increase the appeal and functionality of the service.

The Technology Behind Renzo

Renzo is based on EigenLayer technology, an innovative approach that allows Ether (ETH) tokens, which are staked or deposited as security on the Ethereum blockchain, to be used to secure additional networks. This concept, known as “actively validated services” (AVS), gives users the opportunity to maximize their returns. For each deposit in ETH or a liquid staking token, Renzo generates an equivalent amount of its own liquid restaking token, ezETH, providing users with additional flexibility.

The Future of Restaking

The restaking industry is currently experiencing a boom, and Renzo is positioning itself at the forefront of this development. With the support of ERC-20 tokens, Renzo not only expands its own offering but also contributes to the diversification and strengthening of the entire ecosystem. Lucas Kozinski, a founding member of Renzo, emphasizes the importance of this development and suggests that restaking could expand into other areas, such as the Bitcoin ecosystem and non-EVM chains.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Our Assessment

Renzo’s successful funding round underscores the growing interest and confidence in restaking technology. With the support of Galaxy Ventures and Brevan Howard Digital Nova Fund, Renzo is well-positioned to expand its services and take a leading role in the field of liquid restaking protocols. The expansion to include ERC-20 token support is a smart move that has the potential to significantly enhance the offering for users. Given the dynamic development of the cryptocurrency industry, it’s exciting to watch how Renzo and similar projects will continue to shape the landscape of staking and digital assets.

Sources

– Margaux Nijkerk
– Lucas Kozinski

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (20)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tamadoge Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 30 days to claim
14 days to wager / 7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Christian Dräger on 3. October 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1.03 BTC + 225 Free Spins
Welcome bonus
Cryptocurrencies (29)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Floki Coin Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x bonus
40x free spins winnings
Minimum deposit 0.0005 BTC
Maximum bet 0.00004 BTC
Bonus validity 30 days after registration
14 days (1st), 7 days (2nd), 1 day (3rd)
  • To get the bonus, enter the bonus code before the deposit.
  • Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
  • Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
  • Free spins are provided in batches of 25 per day.
  • Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
How did we rate this casino

Bets.io stands out as one of our top-rated crypto casinos. It combines everything you love about Dama casinos — like a stellar game selection and rock-solid reliability — with a refreshing twist: no frustrating KYC processes and no outdated payment methods.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 16. September 2024
Anjuan Gaming
Anjouan
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Gregor Ziegler on 12. September 2024
Curaçao License
Curaçao
Licence

Latest News

Created by

I have enjoyed following the international iGaming industry since my first encounter at the age of 23. Fascinated by its diversity and complexity, I was hooked and have never left the industry since. Here at KC, I am a proud member of the founding team as well as the content team. We use everyone's knowledge to find every possible flaw in a casino so you can relax and play.
Reviewed by
Nerd of Numbers

Last update: 25. September 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare