Renzos Allocates 500M REZ Tokens as Community Incentives
CryptoNewsTerminal Staff25 Jul, 2024
Renzos Allocates 500M REZ Tokens as Community Incentives
Renzos, a liquid staking protocol on Ethereum (ETH), recently proposed distributing 500 million REZ tokens to its community as incentives over five months. The proposal allocates 400 million REZ tokens to eligible wallets. The remaining 100 million REZ tokens will be distributed to DEX liquidity providers. The governance vote on the proposal will run for five days, starting on January 30 (local time). The initiative aims to reward Renzos's community and support its ecosystem's growth and adoption.