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LayerZero Community Fails to Pass Protocol Fee Mechanism Activation Vote

Summary: In a recent development, the LayerZero community failed to pass the vote on activating the protocol fee mechanism due to not reaching the required number of voters. The next vote will be held in 6 months. The proposal included deciding whether to activate the LayerZero protocol fee mechanism, which would charge a fee on each ...

In a recent development, the LayerZero community failed to pass the vote on activating the protocol fee mechanism due to not reaching the required number of voters. The next vote will be held in 6 months. The proposal included deciding whether to activate the LayerZero protocol fee mechanism, which would charge a fee on each LayerZero message not exceeding the cost of validation and execution. The collected fees would be converted to ZRO and destroyed.

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