The Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, with the first proposal open for voting: to shorten the vesting periods for six categories of tokens to accelerate their release. If approved, the Lorenzo token economy will upgrade from V2 to V3, increasing the total supply and circulating supply by 455 million tokens, a rise of approximately 21.66%. veBANK holders are eligible to vote, with the voting period running from May 12 to May 17.
Lorenzo Protocol Launches Governance System and Opens First Proposal Vote
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Summary
Lorenzo Protocol has launched its on-chain governance system, Lorenzo Governance, and initiated its first proposal vote. The protocol update aims to shorten vesting periods for six tokens to enhance liquidity. If approved, the token economy will transition from V2 to V3, adding 455 million tokens to the supply. veBANK holders can vote from May 12 to 17. This on-chain development marks a key milestone in Lorenzo’s evolution.
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