[Across Proposes To Limit Token Supply After LayerZero Founder Raises Issues With Its Contract] According To The Block, After Being Criticized By LayerZero Labs CEO Bryan Pellegrino, Across Protocol Co-founder Hart Lambur Proposed On Monday Evening To Permanently Limit The Supply Of ACX Tokens To 1 Billion. If The Proposal Is Approved By The Across Community, Across Governance’s Ownership Of The ACX Token Will Also Be Relinquished And Set To 0x0—preventing Any Future Changes To The Token Supply Through Minting Or Destruction. Previously, Pellegrino Had Pointed Out That The Across Token Contract Had "serious Problems." However, The Move Was Opposed By The Community, Who Believed That It Was More Of A Transparency Issue Than A Security Vulnerability. Pellegrino Stated: "You Mistakenly Exposed An Internal Private Function Written By OpenZeppelin In Its ERC-20 Token Implementation (for Destroying Tokens) And Gave It To Your Contract Owner - This Allows You To Withdraw (destroy) Tokens From Any Wallet At Any Time And Arbitrarily Zero Out Any Account." He Also Claimed That Cross-protocol And UMA Protocol Contracts Can Mint Tokens Indefinitely, And Suggested That To Address This, Ownership Should Be Moved To An Immutable Smart Contract That Prevents The Minting Of Tokens That Exceed The Total Supply, Does Not Allow Destruction, And Cannot Transfer Ownership. Lambur Initially Refuted Pellegrino's Allegations, But Later Admitted That While Pellegrino Mistakenly Believed That Its ERC-20 Implementation Had Serious Vulnerabilities, "the Design Choices Were Wrong", Adding That The Proposal Was Made In The "spirit Of Decentralization And Transparency." The Proposal Is Currently Undergoing A Temperature Check Vote, With The Results Showing That 99.5% Of People Are In Favor Of Setting A Supply Cap