REZ Tokenomics

REZ Tokenomics and Vesting Schedule

Renzo is focused on the long-term growth of the protocol and its community; thus, a vesting schedule will be applied to the largest airdrop recipients to align long-term incentives with the Renzo community.

The vesting is intended to reward longer-term participation. If a qualified user chooses to exit the ezETH ecosystem early, their unvested rewards may be shared with other loyal users to increase the loyal users' share of the airdrop who continue to participate.

Tokenomics

Ticker: $REZ

Contract: 0x3B50805453023a91a8bf641e279401a0b23FA6F9

Total Supply: 10,000,000,000

Initial Circulating Supply: 1,150,000,000

  1. Fundraising: 31.56%

    1. The Fundraise allocation represents token rights obtained by investors backing Renzo’s early development

    2. Investor tokens are subject to a total 2 year lock - 1 year cliff followed by 10% unlock and 1 year linear monthly vesting thereafter

  2. Community: 32%

    1. Allocated to developing and supporting the growth of the Renzo ecosystem

    2. The first 7% represents the portion of REZ distributed to Renzo users for Season 1 of the ezPoints Campaign

    3. The remainder of the allocation will be used for various community campaigns, including 5% allocated towards the upcoming second season of the incentives campaign, as well as various cross-chain initiatives, etc.

  3. Core Contributors: 20%

    1. This portion of the REZ allocation represents the distribution to the Renzo Labs team and advisors who have worked on the protocol to bring ezETH to market.

    2. All core contributors are locked on a 1-year cliff with 2-year linear monthly vesting thereafter. No core contributor tokens are unlocked before the 1 year cliff.

  4. Foundation: 12.44%

    1. The Foundation allocation will be used to fund initiatives that widen the reach of ezETH, such as: further development, risk assessments and audits

  5. Binance Launch Pool: 2.5%

  6. Liquidity: 1.5%

    1. Liquidity campaigns, exchange (CEX & DEX) partnerships and market makers

REZ Utility

REZ will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol, such as:

  1. General risk management frameworks

  2. Deposits, collateral assets, and concentration amounts

  3. Operator whitelisting

  4. Actively Validated Services (AVS) whitelisting

  5. Treasury and community grants

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