On July twenty first, we opened a runoff ballot of the Zcash Group Advisory Panel (ZCAP), to find out which of two Dev Fund proposals needs to be carried out when the present Dev Fund ends in November. The ballot closed this morning, and the outcomes are as follows:
- Hybrid Deferred Dev Fund: Transitioning to a Non-Direct Funding Mannequin – 91 votes (67%)
- Lockbox For Decentralized Grants Allocation (20% possibility) – 40 votes (30%)
4 voters (3%) abstained by selecting neither possibility, and 135 votes have been forged in complete.
We will subsequently conclude that the Hybrid Deferred Dev Fund possibility enjoys majority help throughout the Zcash neighborhood. This conclusion is bolstered by the outcomes of different polls of the ZecHub DAO, Zcash Brazil neighborhood, and the Zcash Spanish-speaking neighborhood.
This outcome bodes effectively for the way forward for Zcash. It ensures that the Zcash Group Grants program will proceed to obtain funding over the approaching 12 months, supporting its ongoing mission to fund unbiased groups getting into the Zcash ecosystem, and making certain that the Zcash ecosystem can proceed to change into extra decentralized.
This outcome can be an vital step within the geographic decentralization of the Zcash ecosystem, because it lays the trail for the Zcash Group Grants program emigrate from the Zcash Basis (primarily based on the US) to the Monetary Privateness Basis (primarily based within the Cayman Islands).
We’d wish to thank everybody who participated on this course of, together with those that drafted proposals; the various neighborhood members who took half within the discussions and debate on the Zcash neighborhood discussion board, on different social media, and in neighborhood calls; those that carried out different neighborhood polls; and everybody who voted in these polls.
Onward!
The put up Outcomes of the ZCAP Dev Fund Runoff ballot appeared first on Zcash Basis.