PANews reported on October 21st that Renzo Protocol has opened its Snapshot voting for Proposal RP-6 (A), which proposes using up to 100% of protocol revenue to buy back 10% of the $REZ supply over the next six months. Since October 8th, the team has already conducted a test buyback of 105,013,081 $REZ, representing 1.05% of the total supply.

Earlier news, the Renzo community proposed to repurchase and destroy 10% of the total supply of REZ tokens in the next 6 months .