Yves La Rose, CEO of the Vaulta Foundation, has announced his resignation, effective October 29, and initiated the foundation's on-chain governance process to elect a new network representative. This transition is part of Vaulta's decentralized governance mechanism and is not expected to disrupt operations. The election process is currently underway. La Rose emphasized that the foundation's operations, partnerships, and community initiatives will continue as usual during this period. He expressed gratitude to the community and partners for their support, acknowledging that while market performance has not fully met expectations, he is proud of the institutional groundwork laid during his tenure. La Rose will assist in ensuring a smooth and transparent transition of leadership.