Zcash holders and community representatives are scheduled 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 proposal on November 12, 2026, at 13:58 UTC+8. It was co-authored by Zcash co-founders Sean Bowe and Zooko Wilcox and Jason McGee, and was merged into the specifications repository on the Wednesday before that report.
The proposal cites an October snapshot showing that ZCG held 91,453 ZEC. The proposed removal would amount to roughly 55% of those holdings. If the proposal wins support and is 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 proposal would also end ZCG’s allocation of 8% of newly issued ZEC. That allocation would instead accrue to a new Future Dev and Legal Defense Fund until Zcash’s next halving. The fund could not spend its holdings 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 existing funds could cover about 13 years of spending, or about six years after the 50,000 ZEC removal.
ZCG had previously proposed redirecting roughly 98,000 ZEC from existing assets and future income to miner rewards, but dropped that plan on November 3 following community criticism. The new proposal still requires community support and a network upgrade. No activation block height or reference implementation had been provided at the time of the report.