{
  "id": 16720995,
  "title": "Zcash co-founder proposes ending grants funding, citing $125 million treasury",
  "url": "https://urgent.news/2026/10/27/zcash-co-founder-proposes-ending-grants-funding-citing-125-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T06:14:41.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/10/27/zcash-co-founder-proposes-ending-grants-funding-citing-usd125-million-treasury"
  },
  "original_language": "en",
  "account": "Zcash co-founder Sean Bowe has suggested terminating the automatic funding of the network's community grants program, citing the treasury's substantial size of approximately $125 million after accounting for outstanding commitments. The proposal, published recently, would halt the automatic allocation and instead transfer the remaining 8% of newly created ZEC into a reserve for future mining rewards. The committee would retain its current assets and continue awarding grants from them. Bowe argues that continuing to accumulate funds in ZCG's separate custody and governance arrangements introduces unnecessary risk, given the program's already robust reserves. The alternative funding would be directed to the Network Sustainability Mechanism, which is intended to support future mining rewards and would remain there until the grants stream concludes.",
  "summary": "Sean Bowe’s proposal would send the committee’s 8% share of newly created ZEC to a reserve for future miners. The committee would keep the money it has already received.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}