Zcash co-founder Sean Bowe proposes ending automatic funding to ZCG treasury

Zcash co-founder Sean Bowe proposed ending the automatic funding stream to Zcash Community Grants (ZCG), stating its treasury of over $125 million is sufficient to continue operations. Bowe suggested redirecting ZCG's 8% share of the Zcash block subsidy to the Network Sustainability Mechanism, which holds ZEC out of circulation. The proposal comes as ZCG's ZEC holdings were valued at approximately $111 million, with an additional $8.8 million in cash and $2.4 million in outstanding grant commitments.