Renzo Expands REZ Governance Token to Solana via Wormhole NTT Framework

Odaily News Renzo Protocol announced the launch of its governance token REZ on Solana using Wormhole's Native Token Transfer (NTT) framework. REZ was originally deployed on Ethereum and will be transferred to Solana using Wormhole's framework. The Guardian network of this multi-chain protocol uses secure cross-chain proofs to ensure token transfers between Ethereum and Solana. REZ on Solana will maintain a 1:1 anchor with REZ on Ethereum, adhere to Solana's token standards and be compatible with its DeFi ecosystem. REZ's initial liquidity will be provided by Solana's main automated market maker. According to the team, the token may be integrated with the Solana on-chain lending protocol, which means it may be used as collateral, and there will be liquidity incentives for the REZ/SOL and REZ/USDC pairs. In addition, REZ on the Solana chain will be distributed through community airdrops and liquidity incentive programs. (The Block)