LayerZero opens the "Whether to activate the LayerZero protocol fee switch" proposal vote
On December 20th, LayerZero started the proposal vote for "whether to activate the LayerZero protocol fee switch." This proposal will determine whether LayerZero will start charging a protocol fee for each message, and the collected protocol fee will be used to repurchase and destroy ZRO to reduce its circulation.
Currently, messages between Arbitrum and Optimism require a DVN/executor fee of 0.01 USD. If the proposal is passed, an additional protocol fee of 0.01 USD will be charged, bringing the total cost to 0.02 USD. The 0.01 USD protocol fee will be collected in the funding contract, which will automatically repurchase and destroy ZRO.
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.
You may also like
Source: Zelensky supports proposal to stop attacks on energy facilities
Is Now the Right Time to Buy Bitcoin at $82K? Fear and Greed Index Gives a Cautionary Signal
Assessing the Potential for Further Losses: A Deeper Look into the BTC Market Trends and the Implications of a $72K Bearish Target
Solanafrica Scam: Hackers Breach Ghanaian President’s X Account
Trending news
MoreCrypto prices
More
