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Zcash co-founder Sean Bowe proposed ending the automatic funding stream to Zcash Community Grants (ZCG), saying its treasury was large enough to continue funding projects without further automatic payments.
“ZCG has over $125M in funding, and will receive millions more before the spigot is turned off,” Bowe <a href="https://x.com/ebfull/status/2114911107718742451" rel="noopener noreferrer nofollow">said</a> Tuesday on X. “The program was never designed to handle this amount of funding.”&nbsp;
Bowe shared a draft GitHub <a href="https://github.com/zcash/zips/blob/end-zcg-stream/zips/draft-bowe-end-zcg-stream.md" rel="noopener noreferrer nofollow">proposal</a> that would redirect ZCG’s 8% share of the Zcash (ZEC) block subsidy to the network’s sustainability reserve, while leaving its existing funds untouched.
The allocation would flow to the Network Sustainability Mechanism until the current funding period ends in 2028. The mechanism is designed to hold ZEC out of circulation and gradually reissue it through future block rewards.
In September, Haseeb Qureshi, managing partner at crypto venture capital firm Dragonfly, proposed ending the <a href="https://ct.com/news/dragonflys-qureshi-end-zcash-dev-fund-2028" rel="noopener noreferrer nofollow">Zcash developer fund</a> when its current funding period expires, saying that it risks being “politicized” as it approaches $100 million in value.
ZCG’s dashboard <a href="https://zcashcommunitygrants.org/" rel="noopener noreferrer nofollow">listed</a> 91,453 ZEC and $8.8 million in cash as of Wednesday, with $2.4 million in outstanding grant commitments. The ZEC holdings alone were worth about $111 million at press time.
The network’s separate development lockbox <a href="https://zecstats.org/shielded" rel="noopener noreferrer nofollow">held</a> 72,351 ZEC, worth roughly $89 million, according to ZecStats.
Related: <a href="https://ct.com/news/prediction-markets-17b-robinhood-exceed-crypto-revenue-2028-bernstein" rel="noopener noreferrer nofollow">HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein</a>

Zcash co-founder calls to stop funding ‘over $125M’ grants program

Cointelegraph

Autres articles publiés le 27 oct. 2026

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