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Oct 30, 2026

Zcash Community Grants proposes returning $46M from treasury amid governance criticism

Zcash Community Grants has proposed redirecting approximately $46 million in Zcash tokens from its treasury to mining rewards as part of a broader plan involving $124 million in funding. Critics, including the Winklevoss twins, are demanding the committee be dissolved and control given directly to ZEC token holders, calling the current governance structure unaccountable.

Oct 30, 2026·4 sources
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Top claims

  • ▪Dragonfly managing partner Haseeb Qureshi and Paradigm co-founder Matt Huang argued against direct coinholder voting for Zcash grants, favoring an elected council to manage allocations instead.
  • ▪Zcash Community Grants stated that its October 2026 plan to redirect treasury funds to the Network Sustainability Mechanism is preliminary, with a full proposal to be released later for community review.
  • ▪The Network Sustainability Mechanism is a Zcash protocol reserve that temporarily removes ZEC tokens from circulation and distributes them to miners as block rewards over decades.

Topics

Blockchain governanceTokenomicsDAOs & governanceCryptocurrenciesCrypto privacy & surveillanceAltcoinsZcashPrivacy coins