These are great questions. I posted my views on treasury management and hedging strategy to my ZCG candidacy announcement. Let me know if you have any follow up questions.
Treasury Management : In 2024, we made difficult but necessary adjustments to navigate the bear market. We were more selective with grant approvals, negotiated grant terms to reduce costs, canceled underperforming grants, and scaled back certain programs, including the Global Ambassador Program. These measures were essential to ensure ZCG’s long-term financial stability and its ability to fund large and impactful development projects. Additionally, I co-proposed and strongly advocated for the Hybrid Deferred Dev Fund, which allocates 12% of the Dev Fund to a lockbox and 8% to ZCG for one year. This provides ZCG with an additional 52,500 ZEC to support independent development initiatives and community programs.
Hedging Strategy : Managing a treasury in a volatile asset is incredibly challenging. While I believe we navigated the bear market effectively last year, it’s crucial to prepare for the next bull cycle by learning from past mistakes and hedging upside volatility. This means taking profits and locking in gains to ensure the long-term stability of ZCG’s treasury, which will enable continued support for independent development initiatives and community projects. I will work with FPF to develop a hedging strategy that mitigates market risk and ensures ZCG has the resources needed to fulfill its mission.
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