EL7.AI
Crypto•15 June 2026•
1 min read

Zinc Protocol Governance Battle Erupts Over MetaDAO Buyout Proposal

Key Facts

1Zinc, a top Solana revenue generator, is in a governance dispute with MetaDAO over a proposal to buy out ZKFG token holders.
2The proposal involves a buyout at $0.15 per token and taking the associated Turbine Cash DAO LLC private.

In a move reflecting the growing tensions surrounding decentralized governance models, Zinc Protocol, a top revenue generator on the Solana network, is embroiled in a governance dispute with MetaDAO. According to reports, the conflict centers on a proposal to buy out ZKFG tokens at a fixed price of $0.15 per token. This proposal aims to take the associated Turbine Cash DAO LLC private, effectively ending its current public decentralized structure.

This dispute emerges as the Solana DeFi ecosystem experiences significant growth, with Zinc's founder and key holders seeking to secure the protocol's future away from open governance pressures. Compared to similar protocols on the network, the $0.15 buyout offer represents an attempt to value assets amid market volatility, which has sparked opposition within the MetaDAO governance forum per market data and industry reports.

Looking ahead at the economic calendar, broader crypto risk appetite may be influenced by US CPI inflation data released earlier this week, which could impact the trajectory of buyout negotiations and the protocol's available liquidity.