According to BlockBeats, on August 29, Renzo, a liquidity re-pledging protocol, announced that its REZ token will be launched on the Solana network through Wormhole's open NTT framework. The REZ token on Solana will be pegged 1:1 with the REZ token on Ethereum.
Renzo plans to leverage Wormhole to enable secure cross-chain transfers and integrate with Solana's DeFi ecosystem. This move aims to enhance liquidity and interoperability between the two blockchain networks, providing users with more flexibility and opportunities within the decentralized finance space.
