# Month in Review: October 2025


**Published by:** [Renzo Protocol](https://paragraph.com/@renzo-protocol/)
**Published on:** 2025-11-04
**URL:** https://paragraph.com/@renzo-protocol/month-in-review-october-2025

## Content

Month in Review: October 2025 Introduction October was another strong month for Renzo Protocol as the protocol continues to expand and launch new programs. Here’s a snapshot of what we achieved, how our numbers moved, and what’s ahead. October HighlightsGovernance led buyback and burn proposal passedFoundation successfully bought back over 1% of the REZ total supplyLaunch of ezBTC - the first real yield on Eigenlayer powered by Restaking.Ecosystem Metrics & Growth At the beginning of October, protocol TVL stood at 342,034 ETH; it closed the month at 332,974 ETH, representing growth of -2.65%. ezETH APY closed the month at 2.77% Key AnnouncementsBuyback & Burn Proposal PassedThe Foundation put up a proposal to Buyback and Burn 10% of the REZ supply in 6 months. After several discussions, the proposal was split into two parts: RP-6(A) & RP-6(B) - requesting a buyback of 10% of the REZ supply in 6 months and the other allocating 90% of the repurchased tokens to be burnt and the remaining 10% distributed to ezREZ stakers - respectively. On Snapshot voting, both proposals passed giving way for the initiative to kick off. At the time of this writing, the Foundation has repurchased a total of - 123,973,369 REZ sitting in multisig address https://etherscan.io/address/0x8d8Cf66582e5866c99fDb548E424b13d26B28599#tokentxns Buybacks are being executed via the bot address - https://etherscan.io/address/0x7d7445b6e7098efBDEAfA4A24f443847D5dAA262#internaltx where 75-100% protocol revenue is being directed. Burns soon???ezBTC LaunchesIn partnership with the teams at: WBTC, Canary, Eigenlayer & LayerZero, Renzo spinned up the ezBTC vault representing one’s share in the Bitcoin economic security on Eigenlayer. ezBTC secures the DVN-AVS by Canary - verifying WBTC’s cross-chain transfers. Read more here: https://mirror.xyz/0x3Bce01Da1a431Bfefdd6807dfc2cf7a7C0755008/Whu9vbvWfj28aqxhjNQoYr7-H7-78zyS4Wh2Yozn2gI Looking Ahead November is shaping up to be another exciting month for Renzo. The protocol will kick things off with proactive buybacks and burns, continuing to reinforce long-term value alignment for REZ holders. Beyond that, expect more exciting updates and new integrations as the Renzo ecosystem keeps expanding. Stay tuned - the best is yet to come. 🚀

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