PANews reported on December 18th that LayerZero announced on its official blog that holders will participate in the third fee switch vote at 8:00 AM Beijing timePANews reported on December 18th that LayerZero announced on its official blog that holders will participate in the third fee switch vote at 8:00 AM Beijing time
The LayerZero community will launch its third fee switch vote on December 20th.
PANews reported on December 18th that LayerZero announced on its official blog that holders will participate in the third fee switch vote at 8:00 AM Beijing time on December 20th. This vote, held every six months, aims to allow holders to decide whether to activate the protocol's fee switch. If the vote passes, protocol fees will be used to buy back and burn ZRO.
The voting period is from 8:00 AM Beijing time on December 20th to 8:00 AM Beijing time on December 27th. A quorum of 40.59% of the circulating ZRO, or 230 million ZRO, is required to vote. For the quorum to be valid, more than 50% of the votes must be in favor. LayerZeroLabs, the LayerZero Foundation, and related parties will abstain.
Market Opportunity
SIX Price(SIX)
$0.01124
$0.01124$0.01124
USD
SIX (SIX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Nasdaq-listed iPower reaches $30 million convertible note financing agreement to launch DAT strategy.
PANews reported on December 23 that, according to Globenewswire, Nasdaq-listed e-commerce and supply chain platform iPower announced it has reached a $30 million
Share
PANews2025/12/23 22:19
SelectCam AI Launches Flagship AI-Powered Video Telematics Solutions for Global Fleet Safety
SHENZHEN, China–(BUSINESS WIRE)–SelectCam AI, a China-based, product-driven technology company, today announced the launch of its flagship AI video telematics solutions
Share
AI Journal2025/12/23 21:48