LayerZero opens the "Whether to activate the LayerZero protocol fee switch" proposal vote

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Cointime2024/12/20 04:44

By:Cointime

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.

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