LayerZero Proposal On Fee Activation Enters Voting Phase

According to Odaily, LayerZero's proposal regarding the activation of the fee switch has entered the voting phase. As outlined in previous official documents, holders of ZRO tokens will have control over the accumulation of protocol fees. An immutable voting contract mandates a public on-chain referendum every six months, allowing ZRO holders to decide whether to enable or disable the protocol's fee switch. The LayerZero protocol may impose fees equivalent to the total cost of verifying and executing cross-chain messages. For instance, if an application selects a DVN and executor configuration that charges $0.01 for transactions between Arbitrum and Optimism, LayerZero could also charge a fee of $0.01. Should the governance activate the fee switch, the referendum financial contract will collect these fees on the local chain and subsequently destroy them.