According to official news, Renzo announced that the protocol will begin its decentralization process on April 30, 2024, marked by the launch of the native token REZ.
Renzo Season 1 incentives will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for airdrops. Users can claim REZ through the official claim website on May 2.
The official will distribute 500 million REZ (5% of the total) linearly based on the user's accumulated ezPoints. The top 5% addresses will have 50% of the tokens unlocked immediately at TGE, and the rest will be released linearly within 6 months.
In addition, 2% of the 5% airdrop in the first season (ie 0.1% of the total token supply) has been allocated to the following NFT communities: Milady Maker and SchizoPosters. The second season incentives will start on April 26.
Within one month from the date of opening eligibility, unclaimed REZ will be used for the activities of the second season.