TechFlow news, October 22 — According to The Block, Hart Lambur, co-founder of Across Protocol, has proposed permanently capping the ACX token supply at 1 billion. If approved by the community, Across Governance will relinquish ownership control over the ACX token and set its owner address to 0x0, preventing any future minting or burning of tokens.
The proposal comes in response to criticism from LayerZero Labs CEO Bryan Pellegrino, who previously raised concerns about the Across token contract. Pellegrino pointed out serious issues, stating that a flaw exposed an internal private burn function in the OpenZeppelin ERC-20 implementation, allowing the contract owner to arbitrarily drain tokens from any wallet. He also noted that both the Across and UMA protocol contracts have unlimited minting privileges.
In response, the community has viewed this more as an issue of transparency than security. While Lambur initially denied the allegations, he later acknowledged flaws in the design choices and stated that the new proposal reflects the "spirit of decentralization and transparency." The proposal is currently undergoing a temperature check vote, with a support rate of 99.5%.
