ZetaChain shut down its own chain, with the vote passing by 99.99%
Once the chain halts at the December 9 snapshot, it won’t restart. ZETA will be reissued natively on Solana, and the minting authority will be burned immediately after minting. Balances staked or held on exchanges will be credited automatically—no unstaking needed.
The remaining roughly 55 million undistributed validator rewards will be burned month by month in 2027. A chain built specifically for cross-chain transfers ends up cutting off its own chain and taking its token where the crowds are. Absurd.
Once the chain halts at the December 9 snapshot, it won’t restart. ZETA will be reissued natively on Solana, and the minting authority will be burned immediately after minting. Balances staked or held on exchanges will be credited automatically—no unstaking needed.
The remaining roughly 55 million undistributed validator rewards will be burned month by month in 2027. A chain built specifically for cross-chain transfers ends up cutting off its own chain and taking its token where the crowds are. Absurd.