[Lorenzo On-Chain Governance System Goes Live, First Proposal Open for Voting] Odaily Planet Daily reports that Lorenzo Protocol has announced the official launch of its on-chain governance system, Lorenzo Governance, with the first governance proposal now open for voting. The proposal aims to shorten the vesting periods for six categories of tokens—rewards, investors, ecosystem and development, team, treasury, and advisors—based on community demand, in order to accelerate the token release schedule. If the proposal is approved, Lorenzo's tokenomics will upgrade from V2 to V3, resulting in an immediate increase of 454.8 million tokens in both total supply and circulating supply, representing a growth of approximately 21.66%. veBANK holders can directly participate in protocol decision-making through on-chain governance voting. The voting period for this proposal is from May 12 to May 17.