TechFlow News, on August 28, liquidity restaking protocol Renzo announced that its third-quarter Renzo Amore proposal has been approved. This proposal will distribute 5% of the total REZ token supply between July 26, 2024, and the end of November to reward loyal community members. The distribution includes a retroactive allocation of 400 million REZ tokens to eligible wallets, and 100 million REZ allocated for liquidity incentives. The liquidity incentives will be distributed over 16 weeks to DEX LPs to boost liquidity in the ezETH/ETH and pzETH/wstETH pools. Renzo stated that this initiative aims to reward loyal users, attract new participants, and deepen on-chain liquidity, building on the success of the first and second quarters to further drive protocol growth and user engagement.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
