TechFlow News, March 11: According to The Block, Across Protocol—a cross-chain interoperability protocol backed by Paradigm—has published a temperature-check proposal exploring a transition from its current DAO structure to a U.S. C-corporation (AcrossCo).
Token holders will have two options:
- Equity Swap: Exchange ACX tokens for AcrossCo equity on a 1:1 basis.
- Redemption: Redeem ACX tokens for USDC at the 30-day average price; the redemption window will remain open for six months.
The team stated that the current DAO structure presents bottlenecks when entering into enforceable contracts with institutional partners, and the proposed transition would help drive the protocol’s next phase of growth. If community sentiment is positive, the team will launch a formal governance vote in two weeks, with the outcome determined by a simple majority.
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