layerzero

Part 1 

📢 That day has come 
😍 I have been waiting for this day for about a year. 

LayerZero Fee Switch Referendum 🗳️
Don't want to write 10 threads about this, will be as clear as possible. ☺️
Oh yes, I will vote "YES". 

 TLDR 👀
🗳️ Voting starts Dec 20, 2024, 00:00 UTC
🏁 Voting ends Dec 27, 2024, 00:00 UTC

You must be a ZRO token holder to vote.
🤍 "Yes" to activate the LayerZero protocol fee
🤍 "No" to keep the protocol fee inactive.

Part 2 
A little bit about the Fee Switch Referendum 
The Fee Switch Referendum is a bi-annual on-chain governance vote where ZRO holders can decide whether or not to enable the protocol fee.

This fee represents the combined cost to the DVN and Executor of verifying and executing #LayerZero messages. Once collected, protocol fees are used to buy back and burn $ZRO, effectively shrinking its circulating supply and adding deflationary pressure.

TLDR 2 
🤍 Only circulating $ZRO can vote.
🤍 Quorum is 60%. From there, majority wins.
🤍 Vote with the entire $ZRO balance of a chain.
🤍 Collected protocol fees would be used to buy and burn $ZRO.

🔗 Full article on Medium here

Part 2 
A little bit about the Fee Switch Referendum 
The Fee Switch Referendum is a bi-annual on-chain governance vote where ZRO holders can decide whether or not to enable the protocol fee.

This fee represents the combined cost to the DVN and Executor of verifying and executing #LayerZero messages. Once collected, protocol fees are used to buy back and burn $ZRO, effectively shrinking its circulating supply and adding deflationary pressure.

TLDR 2 
🤍 Only circulating $ZRO can vote.
🤍 Quorum is 60%. From there, majority wins.
🤍 Vote with the entire $ZRO balance of a chain.
🤍 Collected protocol fees would be used to buy and burn $ZRO.

🔗 Full article on Medium here 
https://info.layerzero.foundation/fee-switch-referendum-1311df84e8b9