ZETA Solana migration wins 99.4% support in vote

ZetaChain has moved closer to approving a plan that would migrate its native ZETA token to Solana and eventually shut down its own Layer 1, with 99.4% of votes supporting Proposal 68 ahead of its Sept. 20 deadline. Summary ZetaChain proposal has 99.4% support, with participation above its required 40% quorum before closing today. ZETA would become a native Solana SPL token through one-for-one conversion without increasing total supply. A second governance proposal must approve migration dates, snapshot height, claims, exchange coordination, and shutdown. Anuma would bring more than 300,000 users to Solana alongside its encrypted Private Memory Layer. Validators keep staking until Proposal 2 defines the ZetaChain halt and final network wind-down process. ZetaHub’s live governance tally showed 58% participation, clearing the 40% quorum requirement, with 0.3% voting against and 0.3% abstaining. Voting is scheduled to close at 14:58:18 UTC on Sept. 20, after a standard 72-hour voting period. The vote does not itself move ZETA or shut down the network. ZetaChain’s formal migration proposal says a successful vote authorizes core contributors to prepare a second proposal containing the actual migration mechanism, snapshot height, claim process, exchange arrangements and L1 halt schedule. You might also like: Zeta Network secures $231m Bitcoin-backed investment to expand treasury ZETA would move 1:1 to Solana without new supply Proposal 68 would establish Solana as ZETA’s canonical network after migration. ZETA would become a native SPL token while retaining its existing ticker and total token supply. Each holder would receive an equivalent amount of ZETA on Solana through a 1:1 conversion. One technical adjustment involves decimals. Native ZETA currently uses 18 decimal places, while the proposed Solana token would use nine. Proposal 68 says balances would convert from 18 to nine decimals and any amount below the supported precision would be rounded down. Existing vesting schedules would continue through their original dates. The project says no new tokens would be created, while each address would receive its corresponding balance based on the final migration snapshot. ZetaChain’s Sept. 17 announcement says ZETA already issued on Ethereum and BNB Chain is outside the scope of the current governance proposal. The core vote concerns ZETA native to ZetaChain and the future of the Layer 1 itself. The project ruled out maintaining the new Solana asset as a wrapped representation backed by tokens locked permanently on ZetaChain. Its proposal states that a bridge would depend on the original chain continuing to operate, while the current plan eventually shuts that chain down. Proposal 2 must approve the actual ZetaChain shutdown A successful Proposal 68 would only approve the migration direction. ZetaChain validators would continue validating, users could continue staking and current balances would remain unchanged until another governance vote takes place.