LayerZero (ZRO)

hot take:

wormhole offered $120M for Stargate in august

but not for the trading volume. for the votes

the LayerZero fee switch taxes every crosschain message and uses the proceeds to buy and burn ethereum:0x6985884c4392d348587b19cb9eaaf157f13271cd

wormhole's incentive:
- acquire Stargate
- use treasury to buy ZRO
- vote for fee switch in december
- LayerZero gets expensive
- all Stargate oft volume migrates to ntt

the $120M bid was a governance attack dressed as an acquisition

even @PrimordialAA moved STG tokens onchain to block it.

this is what protocol war looks like

a new vote occurs on June 20th

Nobody talks about the most embarrassing fact in crypto governance

LayerZero's ($ZRO) fee switch has been voted YES three consecutive times

It still hasn't turned on

Not because the community said no

Because not enough people showed up

$270B volume. $0 protocol revenue.

Quorum is the only thing standing between here and a perpetual burn machine.

The fourth vote is on June 20th 2026.