ZetaChain community votes 99.4% in favor of migrating ZETA to Solana as a native SPL token with 1:1 conversion.
Regulation & Gov ·
ZetaChain's community voted with 99.4% support in favor of migrating the ZETA token to Solana as a native SPL token, according to governance results. The migration would involve a 1:1 conversion and leave the total token supply unchanged. Participation in the vote reached 58%, exceeding the 40% quorum threshold required for passage.
The proposal represents a shift in ZetaChain's token infrastructure, moving ZETA from its current deployment to operate natively on the Solana blockchain. The 1:1 conversion mechanism ensures that token holders' balances remain equivalent following the migration.
It remains unclear whether the vote result constitutes final approval or requires additional governance steps before implementation. The timeline for executing the migration and any technical requirements for token holders to complete the conversion have not been specified in available reports.