Renzo Protocol has successfully completed its inaugural buyback and burn event, named Renzo Riduzione. The protocol utilized its revenue to repurchase approximately 127 million REZ tokens from the open market. Of these, 90%—equating to about 114 million tokens—were permanently burned, while the remaining 10% were distributed to ezREZ stakers. This initiative has resulted in a permanent reduction of the total REZ supply by 1.14%.