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Crypto DeFi

ZetaChain Votes 99.4% to Migrate ZETA to Solana as Native SPL Token

ZetaChain’s proposal 68 passed with 99.4% support and 58% participation, above the 40% quorum, converting ZETA 1:1 into a Solana-native SPL token with the total supply unchanged. A second proposal will still set the migration mechanics, including snapshot height, claim process and L1 shutdown timeline. Private AI app Anuma, which has over 300,000 users, will migrate to Solana alongside ZETA.

Original source

AI take

A near-unanimous governance vote is less a signal of consensus than of limited dissent: the real uncertainty sits in the follow-up proposal that will fix snapshot height, claims and the L1 shutdown timeline, meaning the operational risk has not yet been priced in by token holders. The detail worth watching is that Anuma, with its existing user base, moves alongside the asset rather than staying on the original chain, which suggests the migration is being framed as an ecosystem relocation rather than a pure token swap. Whether participation and alignment hold through the mechanics vote is the open question.

Generated by AI for reference only.

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