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A proposal submitted in the Zcash (ZEC) community would redirect the 8% block subsidy currently allocated to the existing Zcash Community Grants (ZCG) program toward new development and a legal defense fund.
The proposal says the funds would be locked until the third halving, with specific uses to be determined later through a separate ZIP. It also calls for about 50,000 ZEC, or roughly 55% of ZCG’s holdings, to be moved to an unusable address. The proposers said ZCG’s assets are worth about $125 million after ZEC’s price rise, and annual new grant funding is more than seven times spending. The proposal remains at the draft stage, and no decision has been made on whether to adopt it.