Zcash holders and community representatives are set to vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the Zcash Community Grants (ZCG) treasury. ChainCatcher reported the plan on November 12, 2026, at 13:58 (UTC+8). The proposal was co-authored by Zcash co-founders Sean Bowe and Zooko Wilcox and Jason McGee, and was merged into the specification repository on Wednesday.
The proposal cites an October snapshot showing that ZCG held 91,453 ZEC. The proposed removal would account for about 55% of those holdings. If approved and activated through a network upgrade, ZCG would have 30 days to take the 50,000 ZEC out of circulation. Its value would be credited to the Network Sustainability Mechanism and gradually returned through future block rewards.
The plan would also stop directing 8% of newly issued ZEC to ZCG. That allocation would instead accumulate in a new Future Dev and Legal Defense Fund until Zcash’s next halving. The fund could not be spent until separate withdrawal rules are approved. ZCG could continue awarding development grants from its remaining treasury, while the separate 12% holder-controlled fund would be unaffected.
Using the October treasury snapshot, a ZEC price of $1,300 and spending in the first half of 2026, the proposal estimates that ZCG’s funds could cover about 13 years of spending—or about six years after the proposed removal. ZCG had previously proposed redirecting approximately 98,000 ZEC from existing assets and future income to miner rewards, but abandoned that plan on November 3 after community criticism.
The new proposal still needs community support and a network upgrade to take effect. No activation block height or reference implementation has been provided.
