Lorenzo Protocol launches governance system and opens first proposal vote

Lorenzo Protocol announces the official launch of its on chain governance system, Lorenzo Governance, with the first proposal open for voting, aiming to shorten the ownership period of six types of tokens to accelerate the release pace. If approved, the Lorenzo token economy will be upgraded from V2 to V3, and the total supply and circulating supply will increase by 455 million tokens, an increase of approximately 21.66%. VeBANK holders can participate in voting from May 12th to May 17th.