Renzo Protocol's REZ Token Sees Significant Staking Activity

According to Odaily, Kairos Research reported that approximately three weeks ago, the Renzo Protocol introduced a staking feature for its REZ token. As of June 3, 73 million REZ tokens, equivalent to $12 million, have been staked. This represents 6.64% of the total circulating supply. During this period, the protocol has gained 3,260 new users. Furthermore, the staking contract has become the fourth largest holder of REZ tokens. The introduction of the staking feature has evidently led to increased user engagement and a significant amount of tokens being staked.