Lorenzo's first governance proposal aims to add 454.8 million BANK tokens to circulating supply, representing approximately 21.66%

Odaily reports that Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, and opened voting for its first governance proposal.

The proposal seeks to shorten the vesting periods for 6 categories of BANK tokens, including rewards, investors, ecosystem development, team, treasury, and advisors. If the proposal passes, Lorenzo Tokenomics will be upgraded from V2 to V3, increasing the total supply and circulating supply by 454.8 million tokens immediately, representing an increase of approximately 21.66%.

Additionally, veBANK holders can now participate in protocol decision-making through on-chain governance. The voting will last until May 17, 2026, at 16:00 (UTC).