LayerZero community to conduct third fee switch vote on December 20

LayerZero community announced the third fee switch vote set for December 20 at 8:00 AM Beijing time. This vote lets holders choose to activate the protocol’s fee switch.

The voting runs until December 27, requiring 40.59% quorum, or 230 million ZRO. If passed, protocol fees will fund buybacks and burns of ZRO. LayerZeroLabs will not participate in voting.