Across Proposes Temperature Check Proposal, Envisions Governance and Steward Transition

BlockBeats News, March 11th, Across Protocol proposed a Temperature Check, exploring transitioning the existing DAO and token structure into a US C-Corp and equity structure. Under the proposal, the new entity, AcrossCo, would become the operational company of Across Protocol, and ACX token holders could choose to convert their tokens to AcrossCo equity at a 1:1 ratio or redeem ACX for USDC at the average market price over a one-month period within a six-month window. Larger holders could opt for direct equity conversion, while smaller holders could participate through a free special purpose entity structure.