LayerZero: Third fee switch vote to be launched on December 20
According to Odaily, ZRO holders will participate in the third fee switch vote at 0:00 on December 20. This vote is held every six months, aiming to let holders decide whether to activate the protocol fee switch. If the vote passes, protocol fees will be used to buy back and burn ZRO.
This voting window is from 0:00 on December 20 to 0:00 on December 27. The quorum requirement is 40.59% of circulating ZRO, meaning 230 millions ZRO are eligible to vote. If the quorum is met, more than 50% of votes in favor are required for the proposal to take effect. LayerZero Labs, LayerZero Foundation, and related parties will abstain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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