LayerZero Community Votes Down "Protocol Fee Activation" Proposal
BlockBeats News, December 27th, the LayerZero community's "Activate Protocol Fee Mechanism" proposal did not pass the vote due to not reaching the quorum. The next vote will take place in 6 months. The proposal included deciding whether to activate the LayerZero protocol fee mechanism, charging a fee for each LayerZero transaction not exceeding the cost of validation and execution. The collected fee will be converted to ZRO and burned.
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