Zcash Grants Funding Draft Enters Repository Ahead of Nov. 16 Polls

Zcash (ZEC) coinholders and community panels are scheduled to begin voting Monday, Nov. 16, on competing development-funding plans, days after a draft to end Zcash Community Grants’ (ZCG) block-reward allocation entered the project’s proposal repository.

The draft ZIP was merged into the repository early Nov. 11 UTC. It would direct ZCG’s 8% share of block rewards to the Future Dev and Legal Defense Fund Lockbox from activation until Zcash’s third halving. The draft does not define how the lockbox funds could be spent; that would require a future proposal.

It also calls for 50,000 ZEC to move from ZCG’s treasury to the Network Sustainability Mechanism within 30 days of activation. The draft follows a joint plan to end ZCG’s 8% allocation and transfer 50,000 ZEC.

A competing Zcash Adoption Pool proposal would keep ZCG’s funding share under a new name. The polls are scheduled to close Nov. 30 at 6:59 p.m. ET (11:59 p.m. UTC).

Project Tachyon, Shielded Labs, Valar Group, the Zcash Foundation and ZODL said they would support Network Upgrade 7.1 if the polls show rough consensus. Engineering teams and miners would then agree on a target date. The draft would not change Zcash’s rules on its own; it would need a later network upgrade to take effect.