Earlier this month, the Zcash Foundation (ZF), Electric Coin Company (ECC) and various other members and groups across the Zcash community conducted a series of polls to determine whether the was clear consensus in favour of introducing a new Dev Fund when the current one ends later this year.
The results of the polls varied. While there is clearly strong support for a new Dev Fund, there was no clear consensus regarding which proposal should be adopted. However, two proposals garnered strong support across all the polls (and were the top two proposals in the ZCAP poll).
The Hybrid Deferred Dev Fund: Transitioning to a Non-Direct Funding Model proposal would last for one year, and would allocate
- 8% to the Financial Privacy Foundation (FPF) for the Zcash Community Grants program, and
- 12% to a protocol lockbox.
The Lockbox For Decentralized Grants Allocation (20% option) proposal would allocate 20% of the block rewards to a protocol lockbox for two years (with no funding for Zcash Community Grants).
Under both proposals, the remaining 80% of the block rewards would be allocated to the miners. Funds that are directed into the protocol lockbox will remain there until a distribution mechanism is introduced in a future network upgrade.
ZF (along with ECC and and others across the community) are conducting a runoff poll to determine which of these proposals should be adopted. Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will close at 09:00 UTC on 29th July 2024.
As always, we welcome the community’s feedback. If you have comments or suggestions, please join the conversation on the Zcash community forum.