According to ChainCatcher, Renzo Protocol announced the launch of its governance token REZ on Solana to enhance its influence in the blockchain ecosystem. REZ on Solana will maintain a 1:1 peg with REZ on Ethereum, and the token will comply with Solana’s token standards and be compatible with the blockchain’s decentralized financial ecosystem.
Initially deployed on Ethereum, REZ will move the framework using Wormhole to Solana. The multichain protocol’s Guardian network leverages secure cross-chain proofs to ensure trouble-free token transfers between Ethereum and Solana.
