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ZetaChain opens vote on Solana move and December 9 L1 shutdown
ZetaChain's second governance proposal would halt its Layer 1, convert ZETA to Solana SPL tokens and launch a private AI app.
Key takeaways
- Vote deadline. The 72-hour governance vote closes on November 7 at 16:12 UTC, and no change takes effect unless holders approve it.
- Token conversion. At the expected December 9 snapshot, native ZETA would become a Solana SPL token at 1:1, with minting authority revoked afterward.
- Holder claims. ZetaHub claims require at least 10 ZETA, while exchange balances and staked positions follow separate or automatic arrangements.
What happened
ZetaChain has opened a 72-hour governance vote on a proposal that would stop its Layer 1 blockchain around December 9 and move native ZETA to Solana. The vote on Proposal 2 closes on November 7 at 16:12 UTC. Under the plan, balances would be recorded at block 20,755,000 and block production would stop permanently at that height. The ZetaChain Foundation would mint an equivalent amount of ZETA on Solana as an SPL token at a 1:1 ratio, keep the ticker and later revoke minting authority. The Solana token would have nine decimal places and no freeze authority. ZETA already issued as an ERC-20 token on Ethereum would not be affected. The team said nothing would move unless the proposal passes.
Holders would claim Solana-based ZETA through the ZetaHub portal, expected to open on December 9. They would connect the wallet holding their existing tokens, sign a message naming a receiving Solana wallet and receive the corresponding balance without a transaction fee, Crypto.news reported. Individual claims require at least 10 ZETA. Exchange-held balances would follow each platform's conversion arrangements. Staked tokens, unbonding balances and unclaimed staking rewards would be captured automatically. Tokens in liquidity pools or wrapped-token contracts must be moved before the snapshot because wallet claims cannot recover assets held by contracts. ZRC-20 assets would be claimable on their original networks, subject to a $5 minimum per token. Hacken is reviewing the portal and its program; it would open only after the review is complete and findings are published.
ZetaChain also plans to launch ZetaLabs on December 9, a private AI application for financial-market users. Blockonomi reported that chats, research and memory are user-encrypted and that the app builds on technology run since February 2026 as Anuma Chat. Features include chat with live market data, a Radar feed and a private memory tool called Bloom. ZETA would be the payment and access token, with discounts for AI usage and token locking for Premium access and voting on supported markets.
First $120.92Latest $95.19-21.3% over the period
Points are daily observations, not closing prices.
Why it matters
The proposal would end ZetaChain's role as an independent Layer 1 and make Solana the network hosting native ZETA. Crypto.news reported that the project had said running a separate blockchain required continued validator coordination, software maintenance and security work. ZetaChain now plans to focus on private AI applications using Solana's infrastructure. The change affects how holders claim tokens, how exchanges handle balances and which onchain positions must be closed. It would also cut maximum supply through a planned burn and end validator inflation tied to the existing Layer 1.
What the data shows
The snapshot is expected at block 20,755,000 around December 9. About 55 million ZETA allocated to undistributed validator rewards would be burned through 12 monthly transactions during 2027, at roughly 4.6 million ZETA each. The final amount would depend on how many rewards have already been distributed when the chain stops. Maximum supply would fall by the amount burned, and future validator inflation from the existing Layer 1 would end. Purchaser and core contributor vesting is scheduled to finish on January 1, 2027, and the foundation has said it will not sell newly released tokens from specified foundation-controlled allocations during 2027. Crypto.news noted an earlier unlock of about 44.43 million tokens in August 2026.
Background
The vote follows a September governance decision in which 99.4% of participating votes backed moving ZETA to Solana, according to both reports. That earlier vote approved the direction but left implementation details to a second proposal; Blockonomi identified it as Proposal 68. Crypto.news reported that the new proposal was announced on November 4. The proposal also commits ZetaChain to maintaining an archive node until at least October 31, 2027, so historical records remain accessible after the shutdown.
What to watch
Token holders have until November 7 to decide the proposal's fate. If it passes, attention will turn to exchange conversion schedules, Hacken's published review and the ZetaHub portal opening. If the vote fails, the September decision supporting migration would remain, but the team would need a revised proposal before proceeding, Crypto.news reported.
Questions readers ask
What happens to ZETA if the proposal passes?
Balances at block 20,755,000 would be converted to Solana SPL tokens at 1:1. Holders can claim through ZetaHub from December 9, subject to the 10 ZETA minimum for individual claims, while exchange-held balances follow platform arrangements.
Do holders need to move staked ZETA before the snapshot?
No. Staked tokens, unbonding balances and unclaimed staking rewards are included automatically. Tokens in liquidity pools or wrapped-token contracts must be exited before the snapshot.
What happens if the vote fails?
The September decision backing migration would remain, but ZetaChain would need to submit a revised proposal before proceeding, according to Crypto.news.
