Renzo

**Renzo Protocol** implements a systematic token burn mechanism for $REZ: - **Weekly updates**: Every Thursday, the protocol reports how much $REZ was purchased using protocol revenue - **Monthly burns**: On the 5th of each month, 90% of accumulated $REZ gets burned - **Staker rewards**: Remaining 10% goes to ezREZ stakers **Recent activity**: Protocol bought **11,966,899 $REZ** from open market during Dec 5-11. **Next milestone**: Burn #3 scheduled for **January 5, 2025**. This deflationary mechanism aims to reduce token supply while rewarding long-term stakers.

**REZ staking metrics reveal strong holder confidence** in the Renzo protocol's future potential. **Key staking statistics:** - 907,273,017 REZ tokens currently staked - Represents 9.22% of total token supply - Accounts for 17.82% of circulating supply **Market impact:** - Staked tokens are removed from active trading - Demonstrates community belief in REZ's long-term value - Reduces available supply pressure The substantial staking participation indicates holders are choosing to lock up their tokens rather than trade them, suggesting **optimism about Renzo's roadmap** and earning potential. This staking behavior typically signals a **healthy token economy** where users are committed to the protocol's success rather than seeking quick profits.

**Renzo's ezETH/wETH trading pair** has launched on Curvance protocol, now running on the Monad blockchain. **Key developments:** - First 24 hours of trading activity completed successfully - gMonad.ETH restaking officially available on Monad - Multiple reward incentives active for participants **Available rewards include:** - $REZ tokens - $MON tokens - Curvance Bytes **Participation options:** - Supply ezETH or WETH - Borrow WETH - Loop positions for enhanced yields This integration expands Renzo's liquid restaking ecosystem beyond Ethereum, bringing ezETH to Monad's infrastructure.

**gMonad.ETH restaking** is now live on Monad with fresh incentives for ezETH on Curvance. **Earn multiple rewards:** - $REZ tokens - $MON tokens - Curvance Bytes **How to participate:** - Supply $ezETH - Supply $WETH - Borrow WETH - Loop your position This integration makes **ezETH a core collateral asset** on Curvance's 1-Click Borrowing Markets, offering simple leverage profiles and automated looping. Users gain access to enhanced yield opportunities across the entire **Monad ecosystem** through capital-efficient lending markets.

**Renzo Reserve debuts** with Superstate's USCC vault as its inaugural strategy, marking a significant step in institutional DeFi integration. **Key Features:** - Open access to **$600M AUM** crypto carry fund for all users - **Delta-neutral basis trading** on CME with BTC/ETH/SOL/XRP - **Institutional-grade** transparency and rules-based management - Optional **leveraged borrowing** via Aave Horizon **Yield Generation:** - Basis trading spreads between spot and futures - Staking rewards and Treasury yields - Strategic Treasury parking during weak basis periods This launch establishes the **quality benchmark** for future Reserve strategies, combining institutional standards with DeFi accessibility.

**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** 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](https://etherscan.io/address/0x8d8Cf66582e5866c99fDb548E424b13d26B28599). Burns go directly to dead address. Monthly reports will track progress via Dune Dashboard. The proposal is live on [governance forum](https://gov.renzoprotocol.com/t/rez-buyback-burn-program/251) for community discussion before Snapshot voting.

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 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 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)