RenzoREZ

Renzo generated $51.6M in gross revenue from Sep 2024 to Oct 2026 (759 days), with $4.8M retained as net revenue. $520.7K accrued to REZ token holders. Its primary token utilities include Network Security, Staking Rewards, Standard 1:1, and Delegated.

This averages $$67.9K in daily gross revenue across the tracked period.

REZ accrues value through 2 mechanisms: Buyback & Burn and Buyback & Redistribute.

• Buyback & Burn: Protocol uses 75-100% of revenue to buy REZ from the open market, with 90% of purchased tokens sent to the burn address. An initial 105M REZ (1.05% of supply) was burned Oct 2025, with monthly burns continuing on the 5th of each month.
• Buyback & Redistribute: 10% of all REZ tokens purchased through the revenue-funded buyback program are distributed to ezREZ stakers as incentives, auto-compounding into the ezREZ vault.

Yes, Renzo burns or redistributes REZ tokens via Buyback & Burn, Buyback & Redistribute. In 2026, approximately $86.3K worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $86.3K
• 2025: $434.4K

REZ serves 4 primary functions within the Renzo ecosystem: Network Security, Staking Rewards, Standard 1:1, and Delegated. The protocol generates fees from user activity, with a portion distributed back to REZ holders. Value flows back to token holders through Buyback & Burn and Buyback & Redistribute.

Token utilities:

• Network Security: REZ tokens can be staked via ezREZ and delegated to operators who secure Actively Validated Services (AVSs) on EigenLayer, providing cryptoeconomic security.
• Staking Rewards: ezREZ is a reward-bearing token that auto-compounds AVS rewards and instant withdrawal fee revenue on a weekly basis, with its value increasing over time relative to underlying REZ.
• Standard 1:1: Vote tallying on Snapshot occurs on a linear basis where each unit of voting power counts equally toward the final vote, with no time-lock multiplier.
• Delegated: REZ holders can delegate voting power to official delegates or any address of their choice without transferring tokens; delegation is required for non-staked REZ to activate voting rights.

Value accrual mechanisms:

• Buyback & Burn: Protocol uses 75-100% of revenue to buy REZ from the open market, with 90% of purchased tokens sent to the burn address. An initial 105M REZ (1.05% of supply) was burned Oct 2025, with monthly burns continuing on the 5th of each month.
• Buyback & Redistribute: 10% of all REZ tokens purchased through the revenue-funded buyback program are distributed to ezREZ stakers as incentives, auto-compounding into the ezREZ vault.

In 2026, Renzo generated $5.9M in gross revenue. Of that, $86.3K was distributed to token holders, $933.6K was retained as protocol revenue (treasury), $4.9M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

• 2026: $5.9M gross revenue — $86.3K to holders, $933.6K to protocol, $4.9M to supply-side
• 2025: $30.9M gross revenue — $434.4K to holders, $2.1M to protocol, $28.4M to supply-side
• 2024: $14.7M gross revenue — $1.2M to protocol, $13.5M to supply-side

Renzo's gross revenue has decreased by 56.6% over the past 90 days compared to the prior 90-day period, from $1.5M to $646.9K.

• Recent 90d daily average: $7.3K/day
• Prior 90d daily average: $16.5K/day