Post #11187

Renzo completed burn of 114.4M REZ Renzo buys back 127.1M $REZ from the open market using protocol revenue and subsequently burns 90% of the REZ (worth $800K at the current rate), rewarding ezREZ stakers the remaining 10%. ℹ️Renzo is an Ethereum restaking protocol and strategy manager based on EigenLayer framework with $1.07B in TVL. Previously, it raised $20.2M in a three funding round backed by ConsenSys, Brevan Howard Digital Maven 11, OKX Ventures, Paper Ventures, and Figment Capital. It has also received a strategic investment from Binance Labs. • Current $REZ price: $0.007 • Current FDV: $72.9M 🔗x.com/renzoprotocol/status/1986173337853436246 Follow us to be on top of crypto: TG | Chat | X