LayerZero asks ZRO holders to vote on fee-funded buybacks with 30.85% quorum on June 20

ZRO holders vote from June 20 to June 27 on whether LayerZero should turn on its protocol fee switch. If quorum is met and more than 50% vote yes, LayerZero can charge an extra protocol fee on each message, up to the cost of DVN and Executor fees, then use proceeds to buy back and burn ZRO. Quorum is 30.85% of circulating ZRO, 403.4M ZRO is eligible, and LayerZero Labs, the Foundation, and affiliates are abstaining.

TLDR by @Benthic

More coverage

• LayerZero Foundation Announces Protocol Fee Switch Referendum ... (binance.com)
• LayerZero to Launch Third Fee Switch Referendum in January 2026 ... (gate.com)
• LayerZero (ZRO) - Referendum #3 (Fee Switch) - 20 December 2025 (longbridge.com)
• ZRO Fee Switch Referendum - KuCoin (kucoin.com)
• Understanding ZRO Buybacks - LayerZero (layerzero.network)

Explore the topic

• LayerZero
• ZRO
• Buybacks