Lorenzo Protocol has launched Lorenzo Governance and opened its first proposal, which seeks to shorten vesting for six BANK token categories. According to the announcement, if approved, the protocol’s tokenomics would shift from V2 to V3, immediately increasing total and circulating BANK supply by 454.8 million tokens, or 21.66%. The voting period runs from May 12 to May 17. The proposal is notable because shortening vesting schedules can accelerate token unlocks and expand the amount of supply available in the market.