Key facts
- Zcash Community Grants proposed redirecting about $124 million in ZEC tokens toward future block rewards.
- The proposal includes transferring 36,200 ZEC from the treasury and forgoing future allocations.
- Industry figures criticized the plan, citing concerns over treasury size and accountability.
- The committee would retain approximately 55,200 ZEC if the proposal is approved.
Zcash Community Grants (ZCG) has put forward a proposal to redirect approximately $124 million worth of Zcash tokens towards future block rewards. The plan involves transferring about $46 million in ZEC from its treasury to the Network Sustainability Mechanism and forgoing future allocations. This move aims to extend reduced funding for an additional four years beyond the current 2028 end date. However, the proposal has faced criticism from industry figures who are demanding greater accountability for the fund.