Renzo Launches $REZ Buyback Program Targeting 10% of Total Supply
Renzo Launches $REZ Buyback Program Targeting 10% of Total Supply
🔥 Renzo Burns Big
Renzo Protocol has initiated a major $REZ buyback and burn program targeting 10% of total token supply over 6 months.
Key Details:
- 9% of purchased tokens will be burned, 1% allocated to $ezREZ stakers
- 75-100% of protocol revenue will fund the program
- Initial 1% purchase (2.3% of circulating supply) already executed
- Automated market buys designed to minimize slippage
Why Now? With 42.6% of $REZ in circulation, Renzo considers itself substantially decentralized. The protocol is generating real revenue with new products in pipeline, creating opportunity to return value to token holders.
Implementation: Buybacks will be automated through smart contract. Burns go directly to dead address. Monthly reports will track progress via Dune Dashboard.
The proposal is live on governance forum for community discussion before Snapshot voting.
Renzo Enables ezETH Bridging to Ink Network Through Unified Interface
**Renzo Protocol** has integrated **Ink Network** bridging capabilities directly into its user interface, allowing users to seamlessly bridge ezETH tokens to the Ink blockchain. **Key Features:** - Direct bridging through [Renzo's platform](https://app.renzoprotocol.com/bridge?toChainId=57073) - Unified interface for multiple blockchain routes - Instant ezETH transfers to Ink Network The integration represents Renzo's continued expansion of cross-chain functionality for its liquid restaking token. **More DeFi integrations** are planned for the near future. *Start bridging ezETH to Ink Network through Renzo's streamlined interface.*
Renzo Protocol Joins SparkLend, Enables ezETH Borrowing
SparkLend has expanded its borrowing options by onboarding Renzo Protocol, allowing users to borrow against ezETH tokens. This integration is part of a broader expansion that includes four new assets: - rsETH from KelpDAO - ezETH from Renzo Protocol - tBTC from The T Network - LBTC from Lombard Finance Users can now access these enhanced borrowing capabilities on [Spark's platform](https://app.spark.fi/borrow).
Renzo's ezETH Launches on Fluid with Enhanced Features
Renzo's ezETH has launched on Fluid, offering new DeFi capabilities: - Two new pools available: * ezETH / wstETH * ezETH-ETH / wstETH **Key Features:** - Up to 96% LTV for wstETH borrowing - Smart Collateral and Smart Debt functionality - 4x points earning on all ezETH deposits - Intuitive interface for swapping, lending, and borrowing Users can supply ezETH or ezETH-ETH as collateral, enabling dual-sided rewards through Smart Collateral and Smart Debt systems. [Visit Fluid's documentation](https://fluid.guides.instadapp.io/vault-protocol/vaults-on-fluid) for detailed information.
Renzo Protocol Expands to Base L2 with REZ/USDC Pool Launch
Renzo Protocol has expanded to Base, one of the fastest-growing L2 networks powered by Coinbase. The integration features: - First REZ DeFi integration on Base through REZ/USDC pool on Aerodrome Finance - Bridge functionality powered by Hyperlane - Additional rewards for LP providers Users can access the new features through: - [Aerodrome Finance](https://aerodrome.finance/pools) for liquidity provision - [Renzo Bridge Dapp](https://app.renzoprotocol.com/bridge) for token bridging Support available via [Discord](https://discord.gg/renzoprotocol)