Zcash co-founder Sean Bowe proposes ending automatic grants funding, redirecting 8% to mining rewards reserve

Zcash co-founder Sean Bowe proposed ending the automatic allocation of 8% of newly created ZEC to the Zcash Community Grants program, redirecting the funds to a reserve for future mining rewards. Bowe estimates the grants treasury holds about $125 million after existing commitments, enough to fund years of spending even if ZEC's price falls. The proposal requires a change to Zcash's network rules and comes amid scrutiny of a grant for an adult-industry convention, though Bowe argues the program already has substantial reserves.