Polling ZCAP: ZCG Election & Exploratory Dev Fund Poll #2

Today, we opened a Helios poll of the Zcash Community Advisory Panel (ZCAP), which will run until June 30th. The purpose of this poll is twofold: 

  • to fill two seats on the Zcash Community Grants (ZCG) committee, and 
  • to solicit further input from ZCAP regarding the design of a potential future Dev Fund, with a view to drafting a formal proposal based on that feedback.

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. 

Elections to the Zcash Community Grants Committee

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

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

Last Monday, 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

The poll will be decided by approval voting for two members out of the seven candidates. The poll will close at 09:00 UTC on 1st July 2024. As with previous polls, the election will be decided by approval voting. The two candidates with the most approval votes will become the new ZCG Committee members. They will serve a one-year term, ending on 30th June 2025.

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

Polling ZCAP on the Design of a Proposal for a new Dev Fund

The results of the first exploratory ZCAP poll indicated support for a new Dev Fund, and majority approval of the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation as potential recipients of a future Dev Fund. 

On the question of how long a new Dev Fund should last, the results were ambiguous, with substantial minority support for both a 1 year and 2 year duration. This aligns with the result of alternative polls conducted by community members. 

As part of this Helios poll, we are asking the following questions: 

Q2: If the Dev Fund is renewed, it:

  • Should remain 20% of the block reward
  • Should be less than 20% of the block reward
  • Should be more than 20% of the block reward

Q3: If the Dev Fund is renewed, how long should it last for before having to be renewed again?

  • 1 year
  • 2 years

We are also conducting a separate survey to solicit input regarding how the Dev Fund should be allocated between the recipients. 

While Helios is our preferred polling platform, it does not support arbitrary input by poll respondents. In this case, we want to allow ZCAP members to enter percentages to indicate how they believe the Dev Fund should be allocated.  Therefore, we will be using the Jotform platform for this survey.

The Jotform survey will ask the question: What percentage of a new Dev Fund should be allocated to each recipient?

Respondents will be able to enter percentage values to reflect how they believe the Dev Fund should be allocated between the Bootstrap Project (parent of the Electric Coin Company), the Zcash Community Grants program (ZCG), and the Zcash Foundation (ZF). 

ZCAP members will receive emails directly from Jotform inviting them to register their responses. Those responses will be averaged, and rounded to the nearest whole percentage point to produce an allocation that will form part of the ZIP proposal that the Zcash Foundation will draft and present for the community’s consideration, alongside other proposals. 

Note that ECC has stated that they are open to either (a) allowing the Dev Fund to expire in November, while the community works on a model where development funds flow into a grants pool(s) that are managed in a decentralized way, or (b) extending the existing development fund for no longer than one year.

In the event that ECC declines to accept funding under a proposal that is drafted based on the results of this survey, ZF may adapt the proposal accordingly, taking into account other feedback from our exploratory polling. 

If the community indicates a preference for a two year Dev Fund but ECC will only accept funding for one year, the remaining funds will be assigned to ZCG. 

As previously stated above, the objective of this exploratory Dev Fund polling process is to obtain sufficient insight into the Zcash community’s collective sentiment to draft a Dev Fund proposal that reflects that sentiment, and can be assessed alongside other proposals from ECC and other community members. We expect that there will be a final run-off poll to determine whether any proposal has consensus support across the Zcash community. 

Both the Helios poll and Jotform survey will close at 09:00 UTC on 1st 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