ZetaChain Holders Back Solana Migration As Proposal 68 Passes With 99.4%
TL;DR ZetaChain Proposal 68 passed with 99.4% support and roughly 58% turnout. The plan would move ZETA to a native Solana SPL token on a 1:1 basis with no new issuance. The existing ZetaChain L1 is still operating; shutdown and swap details require a later governance proposal. ZetaChain token holders have overwhelmingly approved a plan […]
Key Takeaways
- TL;DR ZetaChain Proposal 68 passed with 99.4% support and roughly 58% turnout.
- The plan would move ZETA to a native Solana SPL token on a 1:1 basis with no new issuance.
- The existing ZetaChain L1 is still operating; shutdown and swap details require a later governance proposal.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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