Zcash Proposal Seeks to Reallocate 50,000 ZEC to Reserve
Polling begins November 16 on a Zcash draft proposal to end the ZCG 8% funding stream and establish a locked development and legal-defense reserve.
A new governance draft for the Zcash network proposes pulling 50,000 ZEC from the grants treasury to establish a locked development and legal-defense reserve, according to TheDefiant.
Governance and Funding Changes
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According to TheDefiant, polling on the draft is scheduled to start on November 16. The proposal aims to restructure the ecosystem's financial allocations by terminating the Zcash Community Grants (ZCG) 8% funding stream.
Key facts
- 50,000 ZEC: Amount proposed to be pulled from the grants treasury.
- November 16: Polling start date for the draft proposal.
- 8%: Funding stream for ZCG slated to be ended under the plan.
Source: thedefiant.io
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