Renzo Protocol Opens Vote for $REZ Token Buyback Proposal

Renzo Protocol has initiated voting on Proposal RP-6 (A), which proposes a buyback program using up to 100% of the protocol’s revenue over the next six months. This proposal suggests repurchase and burning of 10% of the $REZ token supply, aiming for a significant reduction in circulating tokens. Following this initiative, Renzo Protocol conducted a test buyback of 105,013,081 $REZ tokens on October 8th, which represents 1.05% of the total supply. This move follows a previous community proposal to repurchase and burn 10% of the total $REZ token supply over six months.