ZetaChain has submitted Governance Proposal 2 for token-holder approval, setting a target date of December 9 for migrating its native ZETA token to Solana and permanently shutting down its Layer 1 blockchain. Voting began on November 4 and runs for 72 hours, closing on November 7 at 16:12 UTC. The changes require majority support and will not proceed if the proposal fails.

The move follows a September governance vote in which 99.4 percent of participating holders backed the general direction of shifting ZETA to Solana. Proposal 2 supplies the operational details, including the exact snapshot mechanism, holder claim process, token parameters, and supply adjustments.

Snapshot, Conversion, and Chain Halt

If approved, the network will record all eligible balances at block height 20,755,000, expected around December 9. The snapshot will capture liquid holdings, staked tokens, unbonding amounts, and unclaimed staking rewards. At that height the ZetaChain Layer 1 will stop producing new blocks permanently.

The ZetaChain Foundation will mint an equivalent quantity of ZETA on Solana under the SPL token standard at a strict 1:1 ratio. The new token will use nine decimal places and carry no freeze authority. Once the snapshot supply is minted, the foundation will revoke its minting rights so no additional tokens can be created. Existing ZETA issued as an ERC-20 on Ethereum will remain unaffected by the migration.

Claim Process and Holder Requirements

Eligible holders will be able to claim their Solana-native ZETA through the ZetaHub portal starting December 9. Users connect the wallet that holds their current ZETA, sign a message designating a receiving Solana address, and receive the corresponding balance without paying a transaction fee. No SOL is required for the claim itself.

Addresses holding fewer than 10 ZETA at the snapshot will not qualify for the individual claim portal. Exchange-held balances will follow conversion schedules set by each trading platform. Staked and unbonding positions do not need to be withdrawn in advance; they are included automatically.

Tokens sitting in liquidity pools or wrapped-token contracts must be exited before the snapshot, as the claim process cannot recover assets held by contracts. Cross-chain ZRC-20 assets will become eligible for return to their original networks, subject to a minimum value of $5 per token.

Security firm Hacken is auditing the migration portal and related programs. The portal is scheduled to open only after the review concludes and its findings are published. Holders have been advised to use only official sites and never share recovery phrases.

Supply Reduction and Foundation Commitments

The proposal includes a planned burn of approximately 55 million ZETA previously allocated to undistributed validator rewards. The reduction will occur through twelve monthly transactions across 2027, each removing roughly 4.6 million tokens. The exact total depends on the quantity of rewards already distributed when the Layer 1 stops. The burn will lower the maximum token supply and eliminate future validator inflation tied to the retiring chain.

Purchaser and core-contributor vesting schedules are set to conclude on January 1, 2027. The foundation has committed not to sell newly released tokens from specified foundation-controlled allocations during 2027.

ZetaLabs Launch Alongside Migration

On the same December 9 target date, ZetaChain plans to launch ZetaLabs, a private artificial-intelligence application built on Solana and using ZETA as its core token. The product expands on Anuma Chat, which has operated since February 2026. Initial features include Chat for market research, Radar for tracking market activity, Bloom for encrypted transaction history, and a dashboard displaying token supply and burn data.

Users will be able to pay with ZETA, USDC, or payment cards. Locking ZETA is expected to unlock premium features beginning in the first quarter of 2027. The longer-term roadmap covers additional research tools, transaction explanations, and interfaces allowing third-party applications to access user-authorized data.

An archive node will remain available until at least October 31, 2027, preserving access to historical records after the Layer 1 shutdown. If Proposal 2 does not pass, the September migration decision remains in force, but a revised implementation proposal would be required before any action proceeds.