Lorenzo Protocol Initiates On-Chain Vote for Vesting Proposal

Lorenzo Protocol has launched its governance system and commenced its first on-chain vote concerning a vesting proposal. According to NS3.AI, the proposal aims to add 454.8 million tokens to the total and circulating supply if approved. It seeks to shorten vesting periods for various categories, including Rewards, Investors, Ecosystem & Development, Team, Treasury, and Advisors, while upgrading the tokenomics from V2 to V3. veBANK holders are eligible to participate in the voting process, which runs from May 12 to May 17.