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.