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For the complete documentation index, see llms.txt. This page is also available as Markdown.

🪙REZ

REZ is Renzo's native governance token. It empowers community members to actively shape the protocol's future. 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. Risk parameters, including leverage limits and guard thresholds

  3. Strategy approval and retirement

  4. Execution venue and counterparty whitelisting

  5. Structured product approval and parameters

  6. Supported assets and networks

  7. Treasury and community grants

Tokenomics

Vesting

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

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