In November 2025, the present Dev Fund established beneath ZIP 1015 will expire, and 100% of block rewards might be allotted to miners. If a brand new Dev Fund is just not in place by the point ZIP 1015 expires in November 2025, 100% of block rewards will go to miners.
Right now we opened a ZCAP ballot supposed to evaluate whether or not there may be neighborhood consensus to create a brand new Dev Fund and corresponding funding mannequin and, if that’s the case, which proposal is most popular. This ballot is a part of our ongoing dedication to making sure that the Zcash neighborhood has a big and significant function in shaping choices regarding the future path of Zcash.
ZCAP Ballot Questions
On this ballot we’re asking the next questions, and supply the next response choices.
Q1: Which of the next funding proposals do you assist? You may choose a couple of proposal.
- Neighborhood and Coinholder Funding Mannequin (C&C)
- Neighborhood-Ruled Funding Mannequin
- Pure Coinholder Funding Mannequin
- Pure ZCAP Funding Mannequin
- Zcash Governance Bloc (zBloc)
- The Dev Fund ought to finish and 100% of the block reward ought to go to miners.
Beneath is a abstract of the 5 proposals:
Neighborhood and Coinholder (C&C) Funding Mannequin (C&C) : Allocates 8% of block rewards to ZCG and 12% to a Coinholder-Managed Fund, lively till the third halving in November 2028. It offers ZCG and coinholders distinct decision-making roles, with grants from the coinholder fund requiring 420,000 ZEC to be accredited. For extra data, see this hyperlink.
Neighborhood-Ruled Funding Mannequin: Allocates 8% to ZCG and 12% to a ZCAP-Managed Fund managed by the Zcash Basis. It prioritizes neighborhood consensus, with a 50% participation threshold for ZCAP voting, and secures funds in a multisig pockets. For extra data, see this hyperlink.
Pure Coinholder Funding Mannequin: Allocates 20% of block rewards to a Coinholder-Managed Fund, lively till the third halving. Grants require 420,000 ZEC for approval and are managed solely by coinholder voting. For extra data, see this hyperlink.
Pure ZCAP Funding Mannequin: Allocates 20% of block rewards to a ZCAP-Managed Fund managed by the Zcash Basis. All funding choices are made by ZCAP, with a 50% participation threshold, and funds are held in a multisig pockets. For extra data, see this hyperlink.
Zcash Governance Bloc (zBloc): Allocates 20% of block rewards to a Neighborhood Fund cut up into Massive and Minor Grant swimming pools. Governance is shared throughout constituencies like Coinholders, ECC, and ZF, every with adjustable voting energy and thresholds. For extra data, see this hyperlink.
Q2: Do you assist prioritizing the extension of the Dev Fund and the implementation of a brand new funding mannequin, even when it requires suspending NU7?
The outcomes of ZCAP polls are advisory however function an necessary sign to ecosystem contributors, funders, and builders. The ballot will shut at 12:00 am UTC on Might 1, 2025 and outcomes might be shared by Might fifth.
We Help Neighborhood Consensus
Whereas the Zcash Basis Board lately voted unanimously to endorse the Neighborhood and Coinholder Funding Mannequin (C&C) ZIP proposal, we deeply respect the voice of the Zcash neighborhood and are totally dedicated to upholding its collective determination even when it diverges from our Board’s suggestion. The Basis will assist the neighborhood’s alternative and take the mandatory steps to assist implement it.
Why ZCAP Issues
This ballot is a part of our ongoing efforts to offer the Zcash neighborhood with a significant voice in choices about the way forward for Zcash. As all the time, the outcomes of ZCAP polls are non-binding however function an necessary sign to ecosystem contributors, funders, and builders.
The ZCAP course of is a clear, community-driven method to floor the views and priorities of long-term Zcash supporters. Although advisory in nature, these votes play a significant function in informing choices throughout the ecosystem. Thanks for lending your voice.
As all the time, we welcome suggestions from the Zcash Neighborhood. You probably have feedback or solutions, please be a part of the dialog on the Zcash neighborhood discussion board.