According to TechFlow, on August 28, the liquidity re-staking protocol Renzo announced that its third quarter Renzo Amore proposal has been approved. The proposal will allocate 5% of the total supply of REZ tokens between July 26 and the end of November 2024 to reward loyal community members. The specific allocation includes: retroactive allocation of 400 million REZ tokens to eligible wallets, and allocation of 100 million REZ for liquidity incentives. Liquidity incentives will be distributed to DEX LPs within 16 weeks to increase liquidity in the ezETH/ETH and pzETH/wstETH pools. Renzo said the move is aimed at rewarding loyal users, attracting new users and deepening on-chain liquidity, continuing the success of the first and second seasons, and further promoting protocol growth and user participation.