Renzo, the Restaking Protocol, Launches New Proposal with 500 Million REZ Incentives Over 5 Months
Publication Time:2024-07-26 09:41:06
Recently, the restaking protocol Renzo introduced its new proposal named 'Renzo Amore', focusing on the distribution of 500 million REZ tokens (5% of the total) over the next 5 months to motivate community members and improve the protocol's engagement with users. The distribution plan includes allocating 400 million REZ to eligible wallets retrospectively, while the remaining 100 million REZ will be rewarded to users providing liquidity on decentralized exchanges (DEXs). This proposal will start a 5-day voting process on the Snapshot platform on July 30, giving all REZ token holders the opportunity to participate and express their opinions, collectively deciding the final outcome of the proposal.
Renzo
Community Incentives
proposal
restaking protocol
REZ token