Zcash Grants Group Offers $46M Amid Governance Backlash

Zcash Grants Group Offers $46M Amid Governance Backlash

Zcash Community Grants proposes redirecting $46M from its treasury and cutting future funding amid growing criticism over governance and accountability.

Winklevoss twins call for Zcash grants committee to be scrapped

Gemini founders Cameron and Tyler Winklevoss have called for Zcash to scrap its community grants committee and give ZEC holders more control over funding decisions, as disagreements over the program’s $125 million treasury continue to grow. In an October 30…

Zcash grants committee offers $46M back as critics demand coinholder control

The five-person Zcash Community Grants (ZCG) committee has drawn criticism from people calling out the $46 million it wants to return of the roughly $125 million in its treasury as too small. The 8% allocation of block rewards flowing into the treasury became worth fighting over after the recent 48-fold explosion in ZEC’s price over...

ZCG Proposes Redirecting 98K ZEC to Future Block Rewards

Zcash Community Grants (ZCG) has outlined a preliminary plan to cut its future ZEC allocation and redirect about 98,000 ZEC toward the Network Sustainability Mechanism (NSM), a reserve designed to fund future block rewards. ZCG says its current 8% share of each block now exceeds what it can spend effectively. The proposal would taper grant ...

Zcash Grants Group Offers $124M Compromise Amid Governance Backlash

Zcash Community Grants (ZCG) has put forward a proposal to reroute roughly $124 million worth of ZEC from its treasury toward future block rewards, but prominent industry figures are pushing back—arguing the plan doesn’t sufficiently address accountability and transparency concerns around how the fund is managed. The proposal, submitted to the Zcash community forum on [...]