0x Community Set to Vote on Next Major Upgrade
0x, a decentralized exchange (DEX) protocol built on Ethereum, has finalized its plans for its next major upgrade. The project's community of ZRX token holders will vote in early November to finalize changes to the 0x protocol before they are implemented on the Ethereum mainnet.
The next scheduled vote will be the fourth of its kind for the project, following a series of proposals that ZRX token holders approved earlier this year. These votes included support for 'trading bundles of assets,' creating 'conditional orders based off of arbitrary blockchain states,' and finally support for the non-fungible Ethereum token standard called ERC-1155.
Each of these proposals were overwhelmingly approved (99%+) based on around 5-6 million token holders casting a vote. With 600 million ZRX coins in circulation, the top four addresses holding almost half of all ZRX tokens, chances are that the upcoming vote will be just a formality.
The V3 upgrade aims to deepen liquidity for the DeFi ecosystem through initiatives like 'a new ZRX staking mechanism, DEX liquidity aggregation, and the ability for relayers to support flexible fees.'