Renzo community proposes to buy back and burn 10% of the total REZ token supply over the next 6 months
On October 11, it was reported that the Renzo community has released governance proposal RP 6, planning to use protocol revenue over the next 6 months to buy back and burn REZ tokens equivalent to 10% of the total supply. The plan has already been initiated and the first buyback has been completed, using Q3 2025 revenue to burn tokens amounting to 1% of the total supply and 2.3% of the circulating supply. After approval by Renzo governance, the initially purchased 1% REZ will be included in the plan's target. Over the next 6 months, 75%-100% of the protocol's revenue will continue to be used for buybacks, with 9% of the targeted 10% total supply to be burned and 1% to be rewarded to ezREZ stakers. The proposal has now been published on the governance forum and is awaiting community discussion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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