BlockBeats news, December 20, according to official news, the LayerZero 'Activate Fee Switch' proposal has entered the voting phase.
According to previous official documentation, ZRO holders will always control the accumulation of protocol fees. An immutable voting contract enforces a public on-chain referendum every six months, allowing ZRO holders to vote on whether to enable or disable the protocol's fee switch.
LayerZero Protocol may charge a fee equal to the total cost of validating and executing cross-chain messages. For example, if the DVN and executor configuration chosen by the application charges $0.01 for transactions between Arbitrum and Optimism, LayerZero may also charge a fee of $0.01.
If the fee switch is activated through governance, the referendum treasury contract will charge fees on the local chain and burn those fees.
