BlockBeats news, on December 18th, according to market information, mainstream altcoins are generally falling, with LDO, EIGEN and others falling by more than 10%. Among them: ACX has a 24-hour drop of 16.66% and is now priced at $0.6624; SCR has a 24-hour drop of 13.21% and is now priced at $1.038; VELO has a 24-hour drop of 11.51% and is now priced at $0.1863; LDO has a 24-hour drop of 10.54% and is now priced at $2.054; EIGEN has a 24-hour drop of 10.86% and is now priced at $4.963.

Co-founder Hart Lambur of Across Protocol proposed to permanently set a 10 billion supply cap for the ACX Token and relinquish all ownership control of the Token by setting it to the 0x0 Address, in order to prevent any minting or burning operations on the Token supply. The proposal has received wide support from the community and is undergoing a temperature check vote, with a support rate as high as 99.5%. Earlier, the CEO of LayerZero pointed out that the ACX Token contract had some issues, including exposing the ability to burn tokens and unlimited minting capabilities.

Co-founder Hart Lambur proposed to fix the total supply of ACXToken at 1 billion, and obtained community approval. This is to prevent unauthorized Tokenmint affecting the ACX ERC20Token contract, and to maintain the spirit of Decentralization and transparency. This change does not require any modification to the ACX contract, only the abandonment of Across Governance ownership of the ACXToken contract, to prevent any party from changing the Token supply through minting or burning in the future.

There may be vulnerabilities in the LayerZero team's protocol contract, allowing the contract owner to withdraw tokens or deplete the StarGate pool. Security company Trust Security and LayerZero's CEO have both warned of this vulnerability, with the former requesting a bounty of over $400 million and the latter offering 10% of the risk capital as a reward.

LayerZero CEO pointed out on social media that there are critical issues with the Across Protocol Token contract, which mistakenly exposes a functionality that should have been an internal private function, allowing the contract owner to withdraw Tokens from any wallet and arbitrarily zero out the account balance. Additionally, both the Across Protocol and UMA Protocol contracts have the ability to mint an unlimited number of Tokens. The solution is to transfer the contract ownership to a new Smart Contract to prevent excessive issuance and ensure that the new contract does not include the functionality to transfer ownership. The new contract must be immutable.

BlockBeats news, on September 14th, Across DAO announced on social media that its proposal to reduce emissions from specific Mining Pools (including ACX LP, wstETH/ACX LP, WBTC LP) is now available on Snapshot.