Across has initiated a temperature monitoring proposal, aiming to transform its governance and agency structure.

According to Mars Finance, on March 11th, Across Protocol launched a temperature check proposal to explore transforming its existing DAO and token structure into a US-based Class C company with a corresponding equity structure. Under this proposal, the new entity, AcrossCo, will become the operating company of Across Protocol. ACX token holders can choose to exchange their tokens for AcrossCo equity at a 1:1 ratio, or redeem their ACX for USDC within a six-month window at the average market price for one month. Larger holders can directly exchange for equity, while smaller holders can participate through a free special purpose entity structure.