Lorenzo's first governance proposal aims to add 454.8 million BANK tokens to the circulating supply, representing approximately 21.66% of the total.
2026-05-12 10:54
Odaily Planet Daily News Lorenzo Protocol announced the official launch of its on-chain governance system, Lorenzo Governance, and the opening of voting for its first governance proposal.
The proposal aims 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's Tokenomics will be upgraded from V2 to V3, resulting in an immediate increase of 454.8 million tokens in both total supply and circulating supply, an increase of approximately 21.66%.
Additionally, veBANK holders can now participate in protocol decisions through on-chain governance. The voting will last until May 17, 2026, at 16:00 (UTC).
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