Renzo Extends REZ Governance Token to Solana via Wormhole NTT Framework

Renzo Protocol has announced the launch of its governance token, REZ, on Solana utilizing Wormhole's Native Token Transfer (NTT) framework. 
Originally deployed on Ether, REZ will be transferred to Solana using Wormhole's framework, the multi-chain protocol's Guardian network that utilizes secure cross-chain proofs to ensure token transfers between Ether and Solana. REZ on Solana will remain 1:1 anchored to REZ on Ether, adhering to Solana's token standard and being compatible with its REZ on Solana will remain 1:1 anchored to REZ on Ether, adhere to Solana's token standards and be compatible with its DeFi ecosystem.
Initial liquidity for REZ will be provided by Solana's primary automated market maker. According to the team, the token may be integrated with Solana's on-chain lending protocol, meaning it may be used as collateral, and the REZ/SOL and REZ/USDC pairs will have liquidity incentives.
Additionally, Solana on-chain REZ will be distributed through community airdrops and liquidity incentive programs. (The Block)