According to PANews, Renzo Protocol has announced the commencement of voting on Proposal RP-6 (A) via Snapshot. The proposal suggests using up to 100% of the protocol's revenue over the next six months to repurchase 10% of the $REZ token supply. Since October 8, the team has conducted a test buyback of 105,013,081 $REZ tokens, representing 1.05% of the total supply.
Previously, the Renzo community proposed a plan to repurchase and burn 10% of the total $REZ token supply over the next six months.