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Zcash Community Grants Abandons Its Own Funding Cut, Leaves Dev Fund’s Future to Governance
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.
Dextape brief
Zcash Community Grants, the committee financed by 8% of Zcash block rewards, has dropped its proposal to reduce that funding and return some ZEC holdings to the network. In a forum post late Monday, the committee said it would not advance the idea, four days after introducing it. It gave a single sentence of reasoning, pointing to how quickly discussion had moved, and offered no substitute plan. The committee also said that decisions on the Dev Fund and its treasury belong to the wider community via Zcash's standard governance channels, though it gave no specific procedure or deadline. Meanwhile, a joint draft from three contributors would redirect that 8% stream and require 50,000 ZEC to go to the reserve, and it remains open on GitHub.
Why it matters: It shows the Zcash funding debate is unresolved, leaving decisions over developer funding and ZCG's treasury to a governance process still without a set timeline.
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Terms in this story
- Governance
- The process for deciding changes to a protocol and its settings, whether through token-holder votes, a foundation or core developers.