Renzo Protocol has initiated voting for Proposal RP-6 (A), focusing on buying back 10% of its $REZ supply. The plan involves utilizing up to 100% of protocol revenue over the next six months.
As of October 8th, the protocol has successfully repurchased 105,013,081 $REZ, which translates to 1.05% of the total supply.
The Renzo community is in favor of this repurchase initiative, aiming to eliminate 10% of the $REZ tokens.
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