Zcash Community Grants Abandons Its Own Funding Cut, Leaves Dev Fund’s Future to Governance
By Unchained
AI summary of the source article
Zcash Community Grants has abandoned its proposal to taper its block reward funding and return ZEC to the network. The committee stated that the future of the Dev Fund will be determined through standard community governance.
Key facts
- Zcash Community Grants withdrew its proposal to cut its funding and return about 98,000 ZEC to the protocol reserve four days after introducing it.
- The committee stated that the future of the Dev Fund and its treasury is for the community to decide via Zcash's usual governance process.
- A competing joint draft proposal remains open on GitHub, proposing to divert ZCG's 8% block reward stream and move 50,000 ZEC to the Network Sustainability Mechanism.
Source excerpt · Unchained
Four days after offering to taper its income and move about 36,200 ZEC from its treasury into a reserve for future miners, the committee said Zcash's usual governance process should settle what comes next. The post Zcash Community Grants Abandons Its Own Funding Cut, Leaves Dev Fund’s Future to Governance appeared first on Unchained .