Renzo Expands REZ Governance Token to Solana via Wormhole
Renzo Protocol announced the launch of its governance token REZ on Solana to enhance its presence in the blockchain ecosystem and leverage Wormhole’s native token transfer framework. REZ was initially deployed on Ethereum and will be transferred to Solana using Wormhole’s framework, with the Guardian Network leveraging secure cross-chain proofs to ensure token transfers between Ethereum and Solana. REZ on Solana will maintain a 1:1 peg with REZ on Ethereum, and the press release also states that the token will adhere to Solana’s token standards and be compatible with the blockchain’s decentralized financial ecosystem.
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