Across's acx rockets 80%, massively beating bitcoin, on plans to dump its DAO structure

Across Protocol's ACX token experienced an 80% increase after the team proposed abandoning its decentralized autonomous organization (DAO) structure in favor of a traditional U.S. C-corporation. The proposal stems from the belief that the DAO structure hinders the protocol's ability to secure partnerships with institutional and enterprise clients. Token holders would have the option to exchange their ACX for equity in the new company or sell their tokens for USDC at a 25% premium. The move signals a potential shift in DeFi, with Across Protocol becoming one of the first to publicly suggest that a traditional corporate structure may be more effective for growth and attracting institutional investment. A community vote is scheduled for March 26th, with conversion potentially beginning in early April.

(Source：CoinDesk)