Zcash co-founder Sean Bowe proposes ending the automatic funding of the Zcash grants program, arguing the project has enough resources based on a treasury value of more than $125 million. He calls for changes to how newly created ZEC is allocated, rather than reducing funds already received by the grants committee.
Across outlets, the proposal is described as a shift away from ongoing grants toward a network reserve. Cointelegraph and The Block both emphasize Bowe’s view that the grants program can stop because Zcash’s treasury is sufficiently funded. CoinDesk adds that the plan would redirect a portion tied to newly created ZEC into a reserve intended for future miners, while allowing the committee to retain the money it has already received.
Overall, sources largely agree on the core elements: Bowe’s justification centers on the treasury figure, and the funding change applies to future allocations of newly created ZEC, not on past grant distributions.
