ZetaChain governance has approved winding down the project's Layer 1 and replacing ZETA native to that network with a Solana SPL token at a 1:1 ratio. Proposal 68 passed with 99.4% of votes in favor. Participation reached 58%, exceeding the 40% quorum. The vote approves the direction of the... Read the full story at The Defiant
Crypto
ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana
Proposal 68 passed with 99.4% support and 58% participation, but exchanges must confirm the swap before a second vote sets the snapshot, claims and shutdown schedule.
