Coinspeaker
Renzo Introduced REZ Tokenomics and ezPoints Claiming Details

With the end of Renzo’s Season 1 ezPoints campaign drawing closer, the liquid staking protocol has released REZ tokenomics and the claiming details of the ezPoints.

According to the Renzo Protocol, the Season 1 ezPoints campaign will end on April 26. The protocol confirms that it has experienced immense growth in the volume of active users and the Total Value Locked (TVL). The growth in its TVL has placed Renzo amongst the top 10 Decentralized Finance (DeFi) protocols.

Renzo Season 2 Starts on April 26

Notably, Season 2 will kick off almost immediately as the current season ends on Friday, April 26. The decentralization process will follow on April 30 and this will be marked by the launch of REZ, the native token of the Renzo Protocol.

Users cannot claim their REZ until May 2 when 5% of the total REZ supply will be distributed, representing 500 million units. The distribution would be done based on each user’s accumulated ezPoints. Notably, 2% of the earmarked 5% airdrop will go to Milady Maker and SchizoPosters communities respectively.