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Renzo Protocol has expanded its governance token, REZ, to the Solana blockchain using Wormhole's NTT framework. This move allows REZ to be available on Solana while maintaining a 1:1 peg with its Ethereum counterpart. The expansion is set to enhance liquidity options, with 100 million $REZ allocated for liquidity incentives and 400 million $REZ for retroactive rewards to ezPoints recipients. Additionally, 5% of the total $REZ supply is allocated over four months. The initiative, part of Renzo's Season 3, known as Renzo Amore, will run from July 26th to the end of the season. The integration on Solana opens up possibilities for REZ to be used in Solana's Automated Market Makers (AMMs) and potentially as collateral in lending protocols.
RENZO EXPANDS REZ TOKEN TO SOLANA Renzo Protocol has officially launched its governance token, REZ, on Solana, leveraging Wormhole for cross-chain transfers. REZ will maintain a 1:1 peg between Solana and Ethereum, with liquidity provided on major AMMs and potential integration… https://t.co/21mSnJerBL
RENZO’S REZ TOKEN IS NOW LIVE ON SOLANA! Renzo Protocol just expanded its REZ governance token to Solana, transferring from Ethereum via Wormhole! This is big—REZ’s hitting Solana’s AMMs and might even be used as collateral in lending protocols. They’re offering liquidity… https://t.co/F68lfVOAZu
Big news! $REZ on Solana? That’s EZ PZ! Renzo is excited to announce that we are bringing $REZ to Solana via @wormhole's NTT framework! $REZ will now be available on Solana, pegged 1:1 with Ethereum $REZ. Renzo's leveraging Wormhole for secure cross-chain transfers and… https://t.co/stDggd0x9L
