Key Facts

  • ZetaChain Proposal 70 would take a snapshot of all ZETA balances and halt the ZetaChain L1 at block 20,755,000, expected around Dec. 9.

  • Holders would claim ZETA on Solana through the ZetaHub migration portal from Dec. 9, and about 55 million ZETA of undistributed validator emissions would be burned monthly through 2027.

  • Voting closes Nov. 7, with Yes votes at 100% and 67% participation as of Thursday.

ZetaChain Proposal 70 would take a snapshot of all ZETA balances and halt the ZetaChain L1 at block 20,755,000, expected around Dec. 9.

Holders would claim ZETA on Solana through the ZetaHub migration portal from Dec. 9, and about 55 million ZETA of undistributed validator emissions would be burned monthly through 2027.

Voting closes Nov. 7, with Yes votes at 100% and 67% participation as of Thursday.

Voting closes Nov. 7, and the proposal showed 100% Yes with 67% participation as of Thursday, against a 40% quorum.

How the Migration Would Work

"This path is one-way. ZETA migrated from ZetaChain cannot go back, because the ZetaChain L1 stops," the proposal says. Hacken is reviewing the Solana distribution program and the snapshot-loading and claim service behind the portal, which opens only after the review is complete.

Supply Falls as Emissions Are Burned

The ZetaChain Foundation would mint the snapshot total on Solana and then revoke the mint authority, so no further ZETA could be minted on Solana.

ZETA was down 3.3% over 24 hours at $0.0352, according to CoinMarketCap data.