RP - 1 Renzo Amore Strengthening Community Engagement and Rewards

At Renzo, our community is the heartbeat of our ecosystem. Your dedication, participation, and passion drive us forward. To honor this incredible support, The Foundation is excited to propose the Amore initiative, a community-driven program designed to reward and empower you, our loyal members. Seasons 1 and 2 saw remarkable growth and engagement, and with Renzo Amore, the aim is to continue this momentum. Join Renzo as we strengthen the community, enhance rewards, and shape the future of DeFi together. Your voice matters, and your participation makes all the difference. Let’s dive into the details of how $REZ holders will benefit from this new initiative.

Empowering The Renzo Ecosystem

Seasons 1 and 2 saw remarkable participation and growth, leading to over 130 DeFi integrations across 8 chains and reaching $2B TVL. To build on this success, the Foundation proposes the Renzo Amore initiative, allocating 5% of total $REZ supply over 4 months to reward our loyal community members and incentivise ongoing engagement in Renzo and the DeFi ecosystem. This allocation will be distributed retroactively, with 4% going to ezPoints recipients and 1% for token emissions towards liquidity incentives. A snapshot vote will take place 5 days after posting.

Igniting Growth: The Motivation Behind Renzo Amore

Renzo launched its first points program in January 2024, followed by a second season in April 2024, both achieving impressive results and active community participation. Season 1 concluded on April 26th with 7% of the total token supply distributed, while Season 2 will wrap up in late July 2024, with 5% earmarked for the community + any unclaimed rewards from Season 2. To continue this momentum and support the emergence of new LRT markets and users, Renzo proposes allocating 5% (500M $REZ) to the Renzo Amore initiative.

Objectives

Reward loyal community members for continued participation Reward active DeFi users of ezETH, pzETH, and any new LRTs that may launch Attract new users to join the Renzo community Incentivize deep DEX liquidity

Program Outline

Timeline: July 26th through the end of November 2024 $REZ Allocation: 400M REZ tokens distributed retroactively to eligible wallets 100M REZ tokens distributed to DEX LPs for adding liquidity to ezETH/ETH and pzETH/wstETH pools over the 16 weeks REZ tokens that are not used for DEX liquidity emissions will go back to the DAO treasury at the end of Campaign Sybil, any blatant sybil or manipulation attempts will result in instant dismissal Renzo Labs will work with 3rd party service providers for indexing, sybil checks and distribution The conditions Renzo Amore may change based on community feedback and discussions

Discussion Timeline

Per the proposal guidelines, this discussion will be available for 5 days concluding on July 30th, 2024

Voting

$REZ holders (including $REZ stakers) are encouraged to participate in this first proposal.

YAE: Allocate 500M $REZ to community incentives. NAY: Do not allocate any incentives ABSTAIN: Neither for or against Voting via Snapshot will commence on July 30th, 2024 and end 5 days later.

Shaping the Future Together with Renzo Amore

At Renzo, our community’s dedication is what makes the ecosystem thrive. By allocating 5% of total $REZ supply over the next 4 months, the aim is to enhance community rewards, incentive ongoing engagement, and ensure the protocol’s continued growth and success.

Your voice matters. As the Renzo community grow, it is encouraged that all $REZ holders participate in the upcoming vote. Together, let’s continue to shape the future of Renzo, driving innovation and community strength.

Thank you for being a crucial part of our journey.