ZetaChain's 55M ZETA Burn Isn't a One-Time Event: What Proposal 2 Really Does

ZetaChain's Governance Proposal 2 would halt its L1 around Dec 9, mint ZETA 1:1 on Solana and burn about 55M ZETA in monthly installments. Voting closes Nov 7. Headlines are calling it a 55 million ZETA burn. Read the proposal's own schedule, though, and nothing close to 55 million disappears on the day the chain halts. The figure is real, but it arrives in twelve installments over 2027. A Burn That Arrives in Twelve Installments ZetaChain published Governance Proposal 2 on November 4, and its announcement post lays out the mechanics.