Across Protocol plans to dissolve the DAO and transform into a private company, with token holders receiving equity or USDC exit options

ZkProver · 2026-03-12T05:34:59+00:00

The development team of Across Protocol, Risk Labs, proposes to dissolve the existing DAO structure and transform into a C Corporation in the United States to enhance collaboration with institutional partners. Token holders can exchange their tokens for equity on a 1:1 basis or redeem USDC at a premium. After the announcement, ACX price surged by 70%. The decision requires DAO voting.

ZkProver

2026-03-12 05:34:59

Abstract generation in progress

ChainCatcher news: The development team behind Across Protocol, Risk Labs, has proposed dissolving the existing DAO structure and transforming the project into a C Corporation in the United States. The team pointed out that the current token and DAO framework have substantially impacted their ability to collaborate with institutional and corporate partners. A traditional corporate structure is expected to help explore new business opportunities.

According to the plan, ACX token holders can choose to exchange their tokens for equity in the new company at a 1:1 ratio or redeem USDC at a price of $0.04375 per token, a 25% premium over the 30-day average price. Holders with more than 5 million tokens can directly convert to equity, while smaller holders can participate through special purpose vehicles (SPV).

After the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open within three months after the proposal is approved and will last for six months. Co-founder Hart Lambur emphasized that a formal decision must be approved by DAO voting.

ACX51.04%

USDC0.01%

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