Hart Lambur, co-founder of Across Protocol, proposed to permanently limit the supply of the ACX token to 1 billion and to relinquish Across Governance's ownership of the ACX token. Previously, Bryan Pellegrino, CEO of LayerZero Labs, criticized the Across token contract for having issues, but the community believes this is more of a transparency problem. Pellegrino suggested transferring ownership to an immutable smart contract to prevent the minting of tokens beyond the total supply, disallowing destruction, and preventing ownership transfer. Currently, this proposal is undergoing a temperature check vote, with 99.5% in favor of setting the supply cap.

PANews, October 22, reported by The Block, that after criticism from Bryan Pellegrino, CEO of LayerZero Labs, Hart Lambur, co-founder of Across Protocol, proposed on Monday evening to permanently cap the supply of ACX tokens at 1 billion. If the proposal is approved by the Across community, all governance rights over the ACX tokens will be relinquished and set to 0x0—preventing any future changes to the token supply through minting or burning.

Previously, Pellegrino pointed out "serious issues" with the Across token contract. However, this move faced opposition from the community, which argued that it was more of a transparency issue rather than a security flaw. Pellegrino stated, "You incorrectly exposed internal private functions (for burning tokens) written by OpenZeppelin in its ERC-20 token implementation and handed them over to your contract owner—this allows you to withdraw (burn) tokens from any wallet at any time and arbitrarily set any account to zero." He also claimed that the Across Protocol and UMA protocol contracts could mint tokens indefinitely and suggested that to address this issue, ownership should be transferred to an immutable smart contract to prevent minting tokens beyond the total supply, disallow burning, and prohibit ownership transfer.

Lambur initially dismissed Pellegrino's accusations but later acknowledged that while Pellegrino mistakenly believed there were severe flaws in its ERC-20 implementation, "the design choices were wrong," adding that the proposal was made in the spirit of "decentralization and transparency." Currently, a temperature check vote on the proposal is underway, with results showing that 99.5% are in favor of setting a supply cap.

Across proposes to limit the supply of ACX tokens and relinquish ownership.