Proposal 68 on ZetaHub closed on September 20, 2026, at 14:58:18 UTC with an overwhelming outcome. A total of 99.4% of votes approved the plan to migrate the ZETA token from ZetaChain’s Layer 1 to the Solana ecosystem.
Voter turnout reached 58%, comfortably surpassing the minimum quorum requirement of 40%. Opposition was virtually non-existent, with only 0.3% voting against and the remaining 0.3% abstaining. The vote marks one of the first instances in the crypto industry where an official Layer 1 blockchain has chosen to migrate its native token to another network while shutting down its own chain.
Not an Immediate Transition
The decisive approval does not trigger a same-day token migration. The passage of Proposal 68 primarily serves to authorize core project contributors. They are now tasked with drafting a second proposal detailing the actual migration mechanics and a definitive timeline for shutting down the Layer 1 network.
In the upcoming follow-up draft, developers must determine a snapshot block height to benchmark user balance data. They will also outline claim procedures for token holders during the transition process.
The community had previously rejected the option of minting new assets on Solana as wrapped tokens. Under that model, assets on Solana would need to be backed by tokens locked on the ZetaChain network. That option was discarded because it would require the ZetaChain Layer 1 to remain active, defeating the plan to shut down the network.
Decimal Adjustments in the New Ecosystem
In its new form, ZETA will operate as a native SPL token on the Solana network. The token ticker and total circulating supply are confirmed to remain unchanged. Users will receive the new asset at a 1:1 conversion ratio to replace their existing holdings.
Technical rules mandate that no new tokens will be minted beyond the existing supply. All ongoing vesting schedules and locked token releases will also proceed according to their original dates without changes.
However, there is a technical adjustment regarding precision. The native ZETA token currently uses 18 decimals, whereas the Solana ecosystem operates with 9 decimals. As a result, user balances with fractional amounts smaller than the nine-decimal threshold will be rounded down during migration.
Scope of the Migration
The migration roadmap exclusively targets the native ZETA token and the shutdown of the ZetaChain Layer 1 network. ZETA token supplies previously issued and circulating on Ethereum and BNB Chain fall outside the scope of Proposal 68.
The ZetaChain community’s decisive move reflects the challenges of maintaining standalone infrastructure. Rather than sustaining a low-activity chain, moving the token to an established, highly active Layer 1 ecosystem proved to be the most logical choice for the asset’s long-term sustainability.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
