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Zcash Holders to Vote on 50,000 ZEC Treasury Plan

The proposal would redirect grants funding toward future mining rewards and a new development and legal-defense fund, subject to community support and a network upgrade.

Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan
Zcash Holders to Vote on 50,000 ZEC Treasury Plan

Zcash holders and community panels will vote Nov. 16 through Nov. 30 on a proposal to remove 50,000 ZEC, valued at about $50 million, from the Zcash Community Grants treasury. The amount represents roughly 55% of the 91,453 ZEC in an October treasury snapshot. Its value would be credited to a reserve that returns ZEC through future mining rewards.

The plan would also redirect the grants program's 8% share of newly created ZEC to a Future Dev and Legal Defense Fund. The draft was written by Zcash co-founders Sean Bowe and Zooko Wilcox alongside Jason McGee.

Why it matters

Zcash Community Grants funds independent developers, wallets and community projects. Under the proposal, it would continue awarding grants from its remaining treasury but would no longer receive its automatic share of new issuance.

Using an assumed ZEC price of $1,300 and spending from the first half of 2026, the draft estimates the remaining treasury could cover roughly six years of expenses, versus about 13 years before the proposed removal. The separate 12% Coinholder-Controlled Fund would remain unchanged.

Market impact

The proposal would remove ZEC from circulation while crediting its value to the Network Sustainability Mechanism, a reserve that gradually returns coins through future block rewards. Those rewards support miners who secure the network.

Community support and a network upgrade are required before the changes can take effect. No activation date has been set, and a separate proposal would be needed to establish withdrawals from the new fund.

Related tokens
$ZEC
$ZEC#Zcash#Governance#MiningRewards

Frequently asked questions

  1. How much of the grants treasury would the proposal remove?

    The proposed 50,000 ZEC removal represents roughly 55% of the 91,453 ZEC in an October treasury snapshot.

  2. How would the removed ZEC support miners?

    Its value would be credited to the Network Sustainability Mechanism, a reserve that gradually returns ZEC through future block rewards.

  3. What would happen to the grants program's 8% issuance share?

    It would be redirected to a new Future Dev and Legal Defense Fund. A separate proposal would be needed to establish how money could be withdrawn.

  4. How long could the remaining grants treasury fund expenses?

    The draft estimates roughly six years, using an assumed ZEC price of $1,300 and spending from the first half of 2026. It estimates about 13 years before the proposed removal.

  5. What must happen before the Zcash plan takes effect?

    The proposal requires community support and a network upgrade. No activation date has been set.

Source attribution
Aggregated from CoinDesk · Verified · Last refreshed 50m ago
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