The Renzo community has launched governance proposal RP6, aiming to repurchase and burn 10% of the total REZ token supply over the next six months. The initiative, which utilizes protocol revenue, has already completed its first phase by burning 1% of the total supply, equivalent to 2.3% of the circulating supply, using third-quarter 2025 revenue.
Under the proposal, 75%-100% of the protocol's revenue will be allocated for repurchases, with 9% of the target 10% to be burned and 1% distributed as rewards to ezREZ stakers. The proposal is currently open for community discussion on the governance forum.
Renzo Community Initiates REZ Token Buyback and Burn Plan
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