Dev Fund: plans for top two proposal runoff

[aquietinvestor]

Only the Hybrid proposal allocates a slice of the Dev Fund to FPF to administer on behalf of ZCG.

I encourage you to read this thread for more information:

Proposal: ZCG under FPF

TL;DR: FPF proposes that the Zcash Community Grants (ZCG) committee become an independent committee underneath the FPF umbrella as an interim step towards possible future full independence. (Proposed Actions) The ZecHub bounty program is now being administered by FPF through the end of 2024. (Pending Actions) FPF will provide fee-based administrative and operational support to unincorporated organizations and discrete projects so that they can maximize their impact in a resource constrained en…

The proposal has been endorsed by the Zcash Foundation and all five members of the ZCG committee. Here’s a link to my post supporting FPF’s proposal.

@aquietinvestor

Speaking as a ZCG committee member:

I fully support FPF’s proposal for ZCG to become an independent committee under FPF as an interim step toward full independence. While I share some of @joshs’s concerns about the relationship between FPF and ZF, I believe these issues will be addressed and resolved over time.

At this time, it is not economically feasible for ZCG to become fully independent. This transition would provide the committee with more autonomy and the necessary resources to operate effectively. Additionally, since FPF is domiciled in the Cayman Islands, it ensures that ZCG’s potential future portion of the Dev Fund is allocated to a non-US entity, which helps promote much needed geographic decentralization.

I have worked closely with Alex and his team at ZF over the past two and a half years. He is a strong leader who provides a high standard of operational and administrative support. I have no doubt that the same level of support will be provided to ZCG by FPF.