Polling ZCAP: ZCG Election, ZCG Compensation & Zcash Ecosystem Funding

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until December 31st. The purpose of this poll is threefold: 

  1. to fill three seats on the Zcash Community Grants committee, 
  2. to solicit feedback from the community on a proposal to pay a stipend to ZCG committee members, and 
  3. to assess community sentiment on the question of whether a new funding mechanism should be introduced to replace (or extend) the current Dev Fund when it expires in November 2024. 

Elections to the Zcash Community Grants Committee

Members of the Zcash Community Grants (ZCG) committee are elected by the Zcash Community Advisory Panel, and serve a one year term. Three of the current members’ terms are expiring at the end of this year. Last month, we invited candidates to express their interest in serving on the committee.

Five candidates are standing for three seats on the committee. Here is the list of candidates, with links to their candidacy announcements on the Zcash community forum: 

Last Thursday, the candidates took part in a Community Call, during which they introduced themselves and answered questions from the Zcash community. You can watch a recording of the call on Youtube.

ZCAP members should check their mailbox for instructions on how to vote. In the past, Helios emails have sometimes been flagged as spam, so if you can’t find the instructions please check your Spam folder. 

Good luck to all the candidates, and thank you for volunteering to serve on the ZCG committee! 

​​Funding ZCG Committee Members’ Stipend

Since its inception, the Zcash Foundation has provided a stipend to members of the Zcash Community Grants committee. Last month, we shared the news that this stipend would be reduced from its current level of $1,725 USD to $650 USD (paid in ZEC). 

Several community members have expressed concerns that this reduction may have a detrimental impact on the Zcash Community Grants program. ZCG committee member GGuy has proposed that the stipend be maintained at its current level by funding it from the Major Grants slice of the Dev Fund. 

Therefore, we are putting the following question to ZCAP: Do you support amending ZIP 1014 to provide a stipend of $115 USD per hour (up to a monthly maximum of $1,725 USD) to be paid in ZEC to ZCG Committee members from the Major Grants slice of the Dev Fund? 

Forum discussion of this proposal can be found here.

If ZCAP approves this proposal, we will draft an amendment to ZIP 1014 to permit for a stipend to be paid from the Major Grants slice, with the hourly rate and cap to be set or changed by ZCAP poll. Note that the text of the amendment will be finalized by the Zcash Foundation after the results of the ZCAP poll are known, and following consultation with legal counsel. 

If ZCAP approves the stipend, it is expected that any time for which ZCG Committee members claim the stipend would be in furtherance of the stated purpose of the Major Grants slice of the Dev Fund, and the ZCG Committee, as set forth in ZIP 1014. 

If approved, the stipend will be subject to the same policies that govern similar payments by ZF, and may be subject to veto if the Foundation judges them to violate U.S. law or the ZF’s reporting requirements and other (current or future) obligations under applicable U.S. Internal Revenue Services (IRS) regulations.

Assessing Community Sentiment Regarding the Future of Zcash Ecosystem Funding

Earlier this year, members of the Zcash community began discussing what should happen after the current Dev Fund sunsets in late 2024. In October, we published a blog post explaining how the Zcash Foundation will support the Zcash community in debating and deciding whether or not to institute a new ecosystem funding mechanism. 

During discussions on the Zcash Community Forum and community-organized Twitter Space discussions, some strong opinions have been expressed both for and against the concept of renewing or replacing the current Dev Fund. 

To help obtain more clarity regarding the future of funding in the Zcash ecosystem, we are initiating an advisory poll of ZCAP on this question: In principle, would you support the introduction of a new funding mechanism to replace the current Dev Fund when it expires in November 2024? 

We hope that the result of this advisory poll (which will be released alongside the results of the ZCG election in early January) will help move discussion about Zcash ecosystem funding forward, and help community members draft more specific proposals in early 2024.