Renzo opens RP-6 proposal to buy back 10% of $REZ supply

According to Renzo Protocol, Proposal RP-6 (A) has now opened for snapshot voting, proposing a buyback of 10% of the $REZ supply over the next six months using up to 100% of protocol revenue. Since October 8th, the team has test-purchased 105,013,081 $REZ, representing 1.05% of the total supply. Previously, the Renzo community proposed a buyback and burn of 10% of the total REZ token supply over the next six months.