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Renzo Proposes Six-Month Plan to Repurchase and Burn 10% of REZ Tokens

Governance proposal RP6 outlines using up to 100% of protocol revenue for buybacks, with initial burns already underway from Q3 2025 income.

Summary

Renzo has put forward governance proposal RP6 to repurchase and burn 10% of REZ tokens within six months, funded by 75%–100% of protocol revenue. The process began with Q3 2025 income, burning 1% of the total supply and 2.3% of circulating tokens. This initial action counts toward the 10% target. Of the total goal, 9% will be burned and 1% distributed to ezREZ stakers. The proposal is currently open for community feedback on the governance forum.

Terms & Concepts
  • Token Burn: A process in which cryptocurrency tokens are permanently removed from circulation, reducing total supply and potentially affecting scarcity and value.
  • Governance Proposal: A formal suggestion submitted to a blockchain project's community for voting, often involving protocol changes or fund allocations.
  • Protocol Revenue: Income generated by a blockchain protocol, which can be reinvested, distributed, or used for activities like token buybacks.