Zcash co-founder proposes ending grants funding, citing $125 million treasury
Bullish strength: 60/100
- Redirecting the grants program's 8% allocation could support future mining rewards through the Network Sustainability Mechanism.
- The proposal cites approximately $125 million in treasury assets after outstanding grant commitments, potentially reducing the need for continued automatic funding.
Bearish strength: 40/100
- The proposal is only a draft and requires a change to Zcash's network rules, with no activation date.
- The existing allocation continues at approximately 144 ZEC per day until a rule change takes effect.
- The treasury valuation depends on ZEC's price, using an illustrative price of $1,300.
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