Zcash Co-Founder Proposes Ending $125M Grants Funding Stream
By Tobi Opeyemi Amure
AI summary of the source article
Zcash co-founder Sean Bowe has proposed ending the automatic 8% block subsidy allocation to the Zcash Community Grants program, redirecting future funding to the Network Sustainability Mechanism as the grants reserve holds sufficient resources.
Why it matters
The proposal argues that "ZCG has accumulated enough resources to continue funding projects without receiving a share of every block subsidy."
Key facts
- Sean Bowe's proposal would redirect the 8% block subsidy allocation from Zcash Community Grants to the Network Sustainability Mechanism.
- The proposal estimates Zcash Community Grants holds $125.3 million after liabilities at an assumed price of $1,300 per ZEC.
- ZCG would retain its current treasury to fund projects, while the separate 12% allocation to the Coinholder-Controlled Fund remains intact.
Source excerpt · FinanceFeeds
Zcash co-founder Sean Bowe has proposed ending the automatic allocation of 8% of Zcash block subsidies to the Zcash Community Grants (ZCG) program, redirecting the remaining funds to the Network Sustainability Mechanism (NSM). The draft proposal, published on October 26, argues that ZCG has accumulated enough resources to continue funding projects without receiving a share of every block subsidy.…