Tokenomics
Last updated
Last updated
Ticker: REZ
Total Supply: 10,000,000,000
Initial Circulating Supply: 1,150,000,000
Fundraising: 31.56%
The Fundraise allocation represents token rights obtained by investors backing Renzoβs early development
Investor tokens are subject to a total 2 year lock - 1 year cliff followed by 10% unlock and 1 year linear monthly vesting thereafter
Community: 32%
Allocated to developing and supporting the growth of the Renzo ecosystem
The first 7% represents the portion of REZ distributed to Renzo users for Season 1 of the ezPoints Campaign
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.
Core Contributors: 20%
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.
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.
Foundation: 12.44%
The Foundation allocation will be used to fund initiatives that widen the reach of ezETH, such as: further development, risk assessments and audits
Binance Launch Pool: 2.5%
Liquidity: 1.5%
Liquidity campaigns, exchange (CEX & DEX) partnerships and market makers
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:
General risk management frameworks
Deposits, collateral assets, and concentration amounts
Operator whitelisting
Actively Validated Services (AVS) whitelisting
Treasury and community grants
Contract: