Lorenzo's first governance proposal plans to add 454.8 millions BANK to circulating supply, accounting for approximately 21.66%.

According to Odaily, Lorenzo Protocol has announced that its on-chain governance system, Lorenzo Governance, is officially live, and the first governance proposal is now open for voting.

This proposal intends to shorten the vesting periods for six categories of BANK tokens, including rewards, investors, ecosystem development, team, treasury, and advisors. If the proposal passes, Lorenzo Tokenomics will upgrade from V2 to V3, and both the total and circulating supply will immediately increase by 454.8 million tokens, an increment of approximately 21.66%.

In addition, veBANK holders can now participate in protocol decisions through on-chain governance. This vote will last until May 17, 2026, at 16:00 (UTC).