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ZetaChain Proposes Solana Migration and Layer 1 Shutdown

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  • ZetaChain’s Proposal 2 vote closes November 7; the Solana migration remains conditional.
  • If approved, its Layer 1 halts at block 20,755,000 around December 9.
  • Native ZETA would move to Solana 1:1; Ethereum’s ERC-20 token remains unchanged.

ZetaChain is asking token holders to approve a move to end its Layer 1 blockchain and place native ZETA on Solana. Governance Proposal 2, submitted November 4, targets December 9 for the shutdown and a 1:1 token migration. The plan remains conditional: voting closes November 7, and no changes occur unless it passes.

The vote follows Proposal 68, which received 99.4% support in September for the migration’s direction. That decision left implementation details to this vote. Proposal 2 sets the snapshot, holder claims, exchange conversion, validator wind-down, and token supply arrangements.

December Overview Would Trigger t…

Read The Full Article ZetaChain Proposes Solana Migration and Layer 1 Shutdown On Coin Edition.

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