Lorenzo Protocol has launched its on-chain governance system, Lorenzo Governance, initiating its first proposal vote. The proposal seeks to shorten vesting periods for six token categories, potentially accelerating their release. If passed, the Lorenzo token economy will transition from V2 to V3, increasing both total and circulating supply by 455 million tokens, marking a 21.66% rise. veBANK holders are eligible to participate in the vote, which runs from May 12 to May 17.