Renzo community proposes to buy back and destroy 10% of the total supply of REZ tokens in the next 6 months
2025-10-11 10:11:23
On October 11th, the Renzo community has released the governance proposal RP 6, which plans to use the agreement revenue to repurchase and destroy 10% of the total supply of REZ tokens in the next 6 months. The program has started and completed the first repurchase, using the revenue of the third quarter of 2025 to destroy 1% of the total amount/2.3% of the liquidity of the tokens. After approval by the Renzo governance, the initial purchase of 1% REZ will be included in the program indicators. In the next 6 months, 75% -100% of the agreement's revenue will be continuously used for repurchase, 9% of the target total 10% will be destroyed, and 1% will be rewarded to ezREZ pledgers. The proposal has now been announced in the governance forum, pending community discussion.
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