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Zcash co-founder proposes ending grants funding, citing $125M treasury surplus.

Protocol Fundamentals
27 Oct 2026, 09:14 WIB
Coindesk
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Neutral
Zcash co-founder proposes ending grants funding, citing $125M treasury surplus.

Sean Bowe, co-founder of Zcash, proposed stopping the automatic allocation of 8% of newly minted ZEC to the Zcash Community Grants (ZCG) program, redirecting it to a reserve for future mining rewards. He argues the grants program already holds about $125 million after commitments, enough to fund years of spending even if ZEC's price drops significantly. This proposal comes amid scrutiny over a grant for outreach at an adult-industry event but is primarily based on the program's large reserves and ongoing inflows. The change would require a network rule update, and until then, the grants allocation continues as usual.

Zcash co-founder funding proposal is the subject, with Pluang market data for context. As of Oct 27, 2026 12:21 WIB, 24 of 50 major cryptocurrencies rose and 24 fell. Notable moves include SXP down 46.27% to Rp37, BAL up 11.14% to Rp16.297, and EOS up 8.13% to Rp12.649.

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