Zcash Proposes $61M Treasury Transfer to Miner Reserve
Zooko Wilcox and Sean Bowe support a plan to redirect Zcash's community grants fund to a miner reserve.
Zooko Wilcox and Sean Bowe support a plan to redirect Zcash's community grants fund to a miner reserve. Zcash (ZEC) is trading at $1,275.34, down 0.6% since this brief published. This is an original TLT brief based on reporting by Unchained, with live market data added, as of Sat, 31 Oct 2026 03:00:05 UTC.
This proposal could significantly alter Zcash's funding model by redirecting a substantial portion of its treasury, impacting future development and miner incentives. It reflects a shift in priorities from community grants to long-term miner sustainability.
- Proposal would transfer ~50,000 ZEC ($61M) from grants treasury to miner reserve.
- Plan would end 8% block reward cut for community grants.
- ZEC price up 4.06% in 24 hours amid broader market stability.
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- Zcash Proposes $61M Treasury Transfer to Miner Reserve — this brief
Zooko Wilcox, the founder of 
Zcash, and Sean Bowe, a core developer, have backed a proposal to transfer about 50,000 ZEC, valued at approximately $61 million, from the Zcash Community Grants treasury to a reserve dedicated to future miner payouts.
This proposal would effectively end the current system where 8% of block rewards are allocated to the community grants program. The move comes shortly after the grants committee proposed a gradual reduction in funding, suggesting a potential reevaluation of the project's funding priorities.
The proposal has garnered support from key figures in the Zcash community, indicating a possible shift towards prioritizing miner incentives over community grants. This could have significant implications for the future development and sustainability of the Zcash ecosystem.
The broader cryptocurrency market remains relatively stable, with 
Bitcoin showing a modest 24-hour increase of 0.70%. In contrast, Zcash has experienced a more substantial gain, rising 4.06% in the past 24 hours and 8.25% over the past week, reflecting market interest in the proposal.
The Fear & Greed Index currently stands at 30, indicating a 'Fear' sentiment in the market. This suggests that while the overall market is cautious, Zcash's price movement may be influenced by the potential changes in its funding model.
Since this brief published about 7 hours ago, Zcash (ZEC) has moved from $1,282.62 to $1,275.34 — -0.57%.
The chart plots ZEC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ZEC ≈ ₦1.76M (about $1,275.34), up 1.5% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Zcash Proposes $61M Treasury Transfer to Miner Reserve — questions & answers
What is the proposed change to Zcash's funding model?
The proposal would transfer ~50,000 ZEC from the grants treasury to a miner reserve and end the 8% block reward cut for community grants.
Who supports the proposal?
Zooko Wilcox and Sean Bowe, along with other key figures in the Zcash community, support the proposal.
How has the ZEC price reacted?
ZEC has increased 4.06% in the past 24 hours, outpacing the broader market.
How much is 1 Zcash worth in naira today?
About ₦1.76M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1,275.34. The naira price moves with both ZEC's US-dollar price and the USDT/NGN rate; use our Zcash in naira page for any amount.
Has Zcash's price moved since this brief was published?
ZEC is down 0.57% since this brief first published — trading at $1,275.34 now versus $1,282.62 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Unchained. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.