Across responds to LayerZero founder’s questions and proposes to set a permanent supply cap of 1 billion ACX tokens

BlockBeats news, on October 22, according to TheBlock, Across Protocol co-founder Hart Lambur proposed to permanently set the supply cap of ACX tokens at 1 billion. If the proposal is approved by the community, Across Governance will give up ownership control of ACX tokens and set them to 0x0 addresses to prevent any future minting or destruction of token supply. The proposal is currently undergoing a temperature check vote with a support rate of 99.5%.

BlockBeats previously reported that Bryan Pellegrino, CEO of the cross-chain interoperability protocol LayerZero, wrote to the Across Protocol team on social media, saying, “I want to inform you that there is a critical problem with your token contract. You mistakenly exposed a function that was supposed to be an internal private function. This function was written by Open Zeppelin in its ERC20 token implementation to destroy tokens and give them to the contract owner-this allows you to withdraw tokens from any wallet at any time and arbitrarily set the balance of any account to 0. In addition, your Across Protocol and UMA Protocol contracts have the ability to mint unlimited coins. ”