Renzo Protocol launched REZ tokens on the Solana network, to capitalize on Solana's speed and scalability.

Renzo Protocol Expands REZ Token to Solana

<img src="https://static.bittime.com/cms-static/upload/Renzo_Protocol_Expand_REZ_Token_9ff825e8ff.webp" alt="Renzo Protocol Expand REZ Token to Solana" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=airdrop&amp;cn=400005">Bittime</a> -&nbsp; Renzo Protocol launched its governance token, REZ, in the&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/SOL-IDR?content_id=news&amp;cn=400001">Solana network</a>. This move is a strategy to take advantage of Solana's speed and scalability.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Renzo Protocol: From Ethereum is Solana&nbsp;</h2>REZ token is initially deployed in the&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/ETH-IDR?content_id=news&amp;cn=400001">Ethereum network</a>, but Renzo has now decided to move these tokens to Solana using Wormhole. Wormhole is a cross-chain protocol that allows secure transfer of assets between blockchains.&nbsp;Wormhole ensures token transfers between Ethereum and Solana go smoothly. With this integration, Renzo not only expands its reach, but also opens up opportunities for its users in the Solana ecosystem.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/claim-checker-airdrop-renzo-season-2">Airdrop Renzo Season 2: Renzo Launches Claim Checker Feature!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">REZ Token Launch on Solana&nbsp;</h2>One of the highlights of the REZ token launch on Solana is the ability to maintain a 1:1 balance with REZ on Ethereum. This means that the value of the REZ token on Solana will always be equal to its value on Ethereum.Additionally, the REZ token will comply with Solana token standards and will be compatible with the DeFi ecosystem on this blockchain. This provides flexibility for users to utilize REZ in various DeFi applications on Solana, from trading to staking.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">REZ Token Liquidity</h2>The initial launch of REZ token liquidity will take place on the main Automated Market Makers (AMM) on Solana. Renzo Protocol has stated that REZ tokens may also be integrated with blockchain lending protocols, meaning REZ could be used as collateral.&nbsp;Additionally, there will be liquidity incentives for REZ/SOL and REZ/USDC pairings, which will hopefully encourage more participation and increase the liquidity of REZ tokens.&nbsp;&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/zetachain-sudah-terintegrasi-dengan-solana-bitcoin-dan-ethereum">ZetaChain is Already Integrated with Solana, Bitcoin, and Ethereum</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=airdrop&amp;cn=400005">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=airdrop&amp;cn=400005"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=airdrop&amp;cn=400005"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Renzo Protocol Expand REZ Token to Solana

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Renzo Protocol Expand REZ Token.webp

Renzo Protocol Expands REZ Token from Ethereum to Solana 

Renzo proposed the “Renzo Amore” proposal to distribute 500 million REZ tokens (5% of the total supply) to the community.

Renzo Proposes 500 Million REZ Allocation to Communities 

<img src="https://static.bittime.com/cms-static/upload/Renzo_Proposal_c7c5c0f2eb.webp" alt="Renzo Proposal" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Restaking protocol Renzo proposes a proposal "Renzo Amore" which aims to distribute 500 million REZ tokens (5% of total supply) as community incentives within 5 months.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Token Allocation and Distribution Plan</h2>Proposal "Renzo Amore" includes a retroactive distribution of 400 million REZ to eligible wallets and 100 million REZ to incentivize DEX liquidity providers.&nbsp;This distribution process will begin on July 30 with voting that will last for 5 days on Snapshot. All REZ holders have the right to participate in this voting.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Renzo Ecosystem Improvements</h2>The first and second seasons of the Renzo points program showed tremendous growth and participation, with over 130 DeFi integrations across 8 chains and reaching a TVL (of $2 billion.&nbsp;With this success, Renzo Amore is proposed to allocate 5% of the total REZ supply for 5 months to reward loyal community members and encourage continued participation in the Renzo and DeFi ecosystem.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Detail of Renzo Proposal&nbsp;</h2><ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Timeline: July 26 to the end of November 2024</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">REZ Allocation:<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">400 million REZ will be distributed retroactively to eligible wallets.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">100 million REZ will be distributed to DEX liquidity providers to add liquidity to the ezETH/ETH and pzETH/wstETH pools for 16 weeks.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">REZ tokens not used for DEX liquidity emissions will be returned to the DAO treasury at the end of the campaign.</li></ul></li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Voting options:<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">For: Agree to allocate 500 million REZ for community incentives.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">Against: Disagree to allocate incentives.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:circle;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="2">Abstain: Neutral, neither for nor against.</li></ul></li></ul>Voting will begin on July 30, 2024 and last for five days. REZ holders, including REZ stakers, are expected to participate in this proposal.&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. I'm done is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

Renzo Protocol Expands REZ Token from Ethereum to Solana

Renzo Proposes 500 Million REZ Allocation to Communities in 5 Months