CoinScoopZetaChain Votes to Sunset Layer 1 and Migrate ZETA to Solana
ZetaChain governance has passed Proposal 68 with 99.4% approval, authorizing the shutdown of its Layer 1 network. The project plans to replace the native ZETA token with a Solana SPL token at a 1:1 ratio. The vote saw 58% participation, surpassing the 40% quorum requirement.
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