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Blazey β¨
@blazey
π¨ LAYERZERO FEE SWITCH VOTE IS GOING LIVE THIS MONTH π° Whatβs the Proposal? ZRO holders will vote to activate protocol fees across LayerZero-connected protocols. β If it passes : β Treasury collects protocol fees β Treasury uses them to buy & burn $ZRO π₯ β More usage = more burn = more value to holders π³ How to Vote: β’ Hold $ZRO in your own wallet β’ Voting happens this June β’ Snapshot of $ZRO balance happen before voting goes live π What Happened Last Time? β’ Last vote needed 60% quorum β’ Only 11% participated = FAILED β So now: β This vote only needs 55% quorum to pass β If this one fails too, quorum drops by 5% again (next = 50% and so on...) π Official proposal details: https://info.layerzero.foundation/fee-switch-referendum-1311df84e8b9
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