LayerZero has confirmed plans to reopen the referendum concerning the activation of its protocol fee switch. The vote is scheduled to commence on June 20.
The upcoming referendum may include a proposal to reduce the quorum percentage required for the vote concerning the $ZRO token. This potential adjustment aims to facilitate the governance process.
This move follows previous community discussions and votes on the protocol fee mechanism. LayerZero encourages stakeholders to monitor its official Twitter and Telegram channels for further updates and detailed information regarding the referendum.