🚨 ZetaChain is shutting down its own Layer 1 — but $ZETA isn't disappearing
Governance Proposal #70 has passed, approving a permanent L1 halt around December 9 and a 1:1 migration to Solana
The critical detail for holders is WHERE their ZETA is stored 👇
🔹 Native ZETA in your wallet will be recorded in the snapshot, then claimable on Solana
🔹 Staked and unbonding ZETA will also count — no need to unstake
🔹 ZETA inside liquidity pools or smart contracts must be withdrawn to a controlled wallet before the snapshot
🔹 Existing ERC-20 ZETA on Ethereum remains unchanged
The network halts at block 20,755,000 and won't restart
$ZETA
⚠️ Self-custody claims require at least 10 ZETA per address
ZetaHub's claim portal is scheduled to open December 9 after security review, with no SOL or migration fee required
The overlooked risk isn't the token disappearing
It's leaving assets in a contract that can't independently claim the new token
A blockchain can retire while its token survives — but custody details determine whether the transition is smooth
$SOL
#ZetaChain #solana
Governance Proposal #70 has passed, approving a permanent L1 halt around December 9 and a 1:1 migration to Solana
The critical detail for holders is WHERE their ZETA is stored 👇
🔹 Native ZETA in your wallet will be recorded in the snapshot, then claimable on Solana
🔹 Staked and unbonding ZETA will also count — no need to unstake
🔹 ZETA inside liquidity pools or smart contracts must be withdrawn to a controlled wallet before the snapshot
🔹 Existing ERC-20 ZETA on Ethereum remains unchanged
The network halts at block 20,755,000 and won't restart
$ZETA
⚠️ Self-custody claims require at least 10 ZETA per address
ZetaHub's claim portal is scheduled to open December 9 after security review, with no SOL or migration fee required
The overlooked risk isn't the token disappearing
It's leaving assets in a contract that can't independently claim the new token
A blockchain can retire while its token survives — but custody details determine whether the transition is smooth
$SOL
#ZetaChain #solana
