Zcash Community Grants drops plan to redirect 98,000 ZEC to mining rewards
The Zcash Community Grants committee has abandoned a proposal to redirect around 98,000 ZEC toward future mining rewards following community pushback, leaving alternative funding models under debate.
The Zcash Community Grants (ZCG) committee has decided not to proceed with a proposal to redirect approximately 98,000 ZEC toward future mining rewards following pushback from the community. First introduced on October 29 as a "Dev Fund taper," the proposal outlined moving roughly 36,200 ZEC from the committee's treasury into the Network Sustainability Mechanism while sharply reducing its future funding allocations.[1][2][3]
In a statement to the community, ZCG confirmed it will no longer advance the plan. The committee emphasized that the long-term future of the Dev Fund and ZCG's treasury should instead be determined through Zcash's standard governance process.[2]
The decision leaves competing proposals over the network's ecosystem funding unresolved. Discussions remain active regarding whether to preserve the current grants structure, cut off committee funding, or adopt alternative plans proposed by Sean Bowe and Zooko to modify or end ZCG's automatic 8% funding share.[2][3]
Key facts
- Zcash Community Grants withdrew its proposal to redirect approximately 98,000 ZEC to future mining rewards following community pushback.
- The withdrawn plan originally proposed moving about 36,200 ZEC from the committee's treasury into the Network Sustainability Mechanism and reducing future funding allocations.
- The committee stated that decisions regarding the future of the Dev Fund and treasury should go through Zcash's standard governance process.
- Competing proposals to either preserve the existing grants framework or modify and end ZCG's automatic 8% share remain under discussion, including proposals from Sean Bowe and Zooko.
Sources · 3 sources
- CO
Cointelegraph@CointelegraphPost on X ·
⚡️ UPDATE: Zcash Community Grants drops its plan to redirect about 98,000 ZEC toward future mining rewards following community pushback. https://t.co/L6wPzfwx7P
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨ZCASH COMMUNITY GRANTS DROPS PLAN TO REDIRECT ~98,000 ZEC TO MINING REWARDS! ZCG said it will no longer pursue the proposal it floated on October 29 after community pushback. The plan would have moved ~36,200 zcash:native from its treasury into the Network Sustainability Mechanism and sharply cut its future funding, redirecting roughly 98,000 zcash:native overall toward future mining rewards. The committee said future funding decisions should go through Zcash’s usual governance process. Other proposals from Sean Bowe and Zooko to change or end ZCG’s automatic 8% share remain under discussion.
Open source - CO
CoindeskArticle ·
Zcash grants committee drops plan to redirect 98,000 ZEC to future mining rewards The committee withdrew its proposal after community backlash, leaving competing plans to cut off its funding or preserve the existing grants system.
Open source