ZetaChain's Proposal 2, which seeks approval for a permanent shutdown of its Layer 1 on December 9 and a migration of native ZETA to Solana, is now up for an onchain governance vote. The proposal follows Proposal 68, which passed in September with 99.4% support and set the direction for the migration. Voting on Proposal 2 closes on November 7, and the announcement stated, "Nothing moves until it passes."
Migration Mechanics and Timeline
Under Proposal 2, every ZETA balance will be recorded at a published block height expected around December 9. The Layer 1 will halt at that same height and will not restart. Native ZETA will then be minted on Solana as a native SPL token under the same ticker, after which the mint authority will be revoked. The migration ratio is fixed at 1:1.
Holders can claim through the ZetaHub migration portal, which opens on December 9. They connect the wallet that held ZETA and sign a message naming a Solana wallet. According to the proposal, "The portal asks for a signature, never a transaction, and never a seed phrase." Staked and exchange balances will be credited automatically. The independent firm Hacken is reviewing the portal and its program, and the portal opens only after the review ends.
ZetaLabs Launch and ZETA Supply Plans
ZetaLabs, a privacy-focused AI application for financial markets, will launch on December 9. Chats, research, and memory are encrypted by the user. The post said, "Your thesis, your positions and your mistakes should not live on a provider's server." The app builds on technology the team has run since February 2026 as Anuma Chat.
ZetaLabs will offer chat with live market data, a Radar feed of moving markets, Bloom, a private memory of onchain activity, and a ZETA Dashboard to track supply, locked tokens, and burns. ZETA will serve as the payment and access token for the product. Users can pay in ZETA for a discount on AI usage, lock ZETA to unlock Premium, and vote on supported markets. The team said a private AI app needs users, payment rails, and agent infrastructure, adding that "Solana already has all three."
The migration also changes the supply plan. About 55 million ZETA of undistributed validator emissions will be burned through 2027, equal to twelve monthly burns of roughly 4.6 million ZETA each. Vesting completes on January 1, 2027, and no newly released ZETA will be sold that year. If the vote fails, ZetaChain will return with a revised proposal.
