Zcash Dev Fund Proposals (ZecHub)
public election created by Jason McGee
[archived]
Starting at Zcash's second halving in November 2024, the first Development Fund (Dev Fund) will expire and 100% of block rewards will be allocated to miners. The purpose of this poll is to determine if there is enough community consensus to create a new Dev Fund in November, and if so, which proposal is preferred. There are nine questions in total. The first three ask you to rate your support for whether or not there should be a new Dev Fund and, if so, should a Dev Fund be paid out through a direct or non-direct funding. The final six questions, cover individual Dev Fund proposals and include links to the relevant ZIPs, which we strongly encourage you to review in detail. Without clear consensus for a particular proposal, the Dev Fund will expire in November as planned. The outcome of the poll will be determined using the MCA-M (Modified Bucklin) voting method with a 5-point scale (Strongly Approve, Approve, Neutral, Disapprove, Strongly Disapprove), which works as follows: Respondents rate each proposal on the 5-point scale. First, only the "Strongly Approve" ratings are counted. If one or more proposals is rated “Strongly Approve” by more than 50% of respondents, the proposal with the highest number is the preferred proposal. If not, the number of "Approve" ratings is added to the "Strongly Approve" counts. If a proposal now is approved of by more than 50% of respondents, it is regarded as the preferred proposal. If there is still no clear consensus, "Neutral" ratings are added, then "Disapprove" if necessary, and finally "Strongly Disapprove." The proposal with the highest combined total in each step is regarded as the preferred proposal if it reaches more than 50%. In the event where two or more polls garner majority support, but there is no clear community consensus, there will be a runoff poll. Follow this link for a summary of the proposals: https://forum.zcashcommunity.com/t/important-deadline-for-zips-likely-dev-fund-related-that-want-to-be-activated-next-halvening/48004/17
Voting start at July 11, 2024, 2:01 p.m.
Voting end at July 15, 2024, 9 a.m.
questions (9)
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voters & ballots
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trustees (1)
This election is complete.
Tally
Question #1
In a Non-Direct Funding Model, funds are locked in a multi-signature wallet and allocated by trusted community participants through major and minor grants. Individual entities' wallet addresses are removed from the protocol, and a percentage of block rewards go into the multi-sig wallet. This grants-based model requires those seeking funding to contribute to Zcash to submit proposals and compete for funding. State your support for a Dev Fund that uses a Non-Direct Funding Model.
Strongly Approve | 11 |
Approve | 3 |
Neutral | 1 |
Disapprove | 0 |
Strongly Disapprove | 0 |
Question #2
A Direct Funding Model, similar to the current Dev Fund, allocates block rewards directly to specific entities or organizations, embedding their wallet addresses into the protocol for a specified period of time. State your support for a Dev Fund that uses a Direct Funding Model.
Strongly Approve | 0 |
Approve | 3 |
Neutral | 2 |
Disapprove | 3 |
Strongly Disapprove | 7 |
Question #3
The Dev Fund should end and 100% of the block reward should go to miners.
Strongly Approve | 2 |
Approve | 0 |
Neutral | 2 |
Disapprove | 2 |
Strongly Disapprove | 9 |
Question #4
Manufacturing Consent (https://zips.z.cash/draft-noamchom67-manufacturing-consent): This Dev Fund would last for four years and consist of 15% of the block rewards in the following allocation: 5% for the Zcash Foundation, 4% for Bootstrap Project (parent of ECC) for the first year only, 4% for Zcash Community Grants, 2% for Qedit. Following the first year, when ECC will no longer receive their 4% allocation, those block subsidies will be distributed as 1% to ZCG, 1% to ZecHub, 1% to the Financial Privacy Foundation (FPF), and 1% to ZF.
Strongly Approve | 4 |
Approve | 1 |
Neutral | 1 |
Disapprove | 2 |
Strongly Disapprove | 7 |
Question #5
Lockbox For Decentralized Grants Allocation (50% Perpetual Option) (https://zips.z.cash/draft-nuttycom-funding-allocation#alternative-1-lockbox-for-decentralized-grants-allocation-perpetual-50-option): This Dev Fund would allocate 50% of the block rewards to a lockbox in perpetuity designated for future decentralized grants funding.
Strongly Approve | 0 |
Approve | 0 |
Neutral | 4 |
Disapprove | 3 |
Strongly Disapprove | 8 |
Question #6
Establishing a Hybrid Dev Fund for ZF, ZCG and a Dev Fund Reserve (https://zips.z.cash/draft-zf-community-dev-fund-2-proposal): This Dev Fund would last for two years and consist of 20% of the block rewards in the following allocation: 6.4% for ZF, 8% for ZCG, and 5.6% for a Dev Fund reserve that is stored in a lockbox designated for future decentralized grants funding.
Strongly Approve | 1 |
Approve | 3 |
Neutral | 2 |
Disapprove | 4 |
Strongly Disapprove | 5 |
Question #7
Hybrid Deferred Dev Fund: Transitioning to a Non-Direct Funding Model (https://zips.z.cash/draft-nuttycom-funding-allocation#alternative-2-hybrid-deferred-dev-fund-transitioning-to-a-non-direct-funding-model): This Dev Fund would last for one year and consist of 20% of the block rewards in the following allocation: 12% to a lockbox designated for future decentralized grants funding and 8% to Zcash Community Grants.
Strongly Approve | 5 |
Approve | 3 |
Neutral | 5 |
Disapprove | 0 |
Strongly Disapprove | 2 |
Question #8
Lockbox For Decentralized Grants Allocation (20% Option) (https://zips.z.cash/draft-nuttycom-funding-allocation#alternative-3-lockbox-for-decentralized-grants-allocation-20-option): This Dev Fund would last for two years and allocate 20% of the block rewards to a lockbox designated for future decentralized grants funding.
Strongly Approve | 6 |
Approve | 3 |
Neutral | 4 |
Disapprove | 2 |
Strongly Disapprove | 0 |
Question #9
Masters of the Universe? (https://zips.z.cash/draft-nuttycom-funding-allocation#alternative-4-masters-of-the-universe): This Dev Fund would last for four years and allocate a 25% of the block rewards in the following allocation: 17% to a lockbox designated for future decentralized grants funding and 8% to Zcash Community Grants.
Strongly Approve | 2 |
Approve | 1 |
Neutral | 4 |
Disapprove | 3 |
Strongly Disapprove | 5 |