@cryptomuncher’s question on another topic reminded me that I hadn’t gotten around to responding here.
Based on ZF’s assets balances at the end of January, and today’s market prices for ZEC and BTC, ZF holds just over $12.1m worth of assets.
Our current annual budget is $3.75m. Allowing for an annual increase of 15%, our runway lasts 'til the end of Q3 2027.
For context, we tightened our belts in early 2023, and shaved nearly a quarter off our budget (we spent $5.24m in 2023 versus an original budget of $6.88m). We’ve maintained tight fiscal discipline since then, choosing to make Zcon a virtual event, shrinking the team by opting to hold off on replacing folks who’ve left. In 2024, we budgeted $4.4m and spent $3.1m.
I’m really proud of how our team has responded to the challenges we’ve faced. Some teams collapse when the going gets tough. This team knuckled down, focused on what needed to be done, and is delivering better than ever.
We’re about to stage yet another great Zcon, the Dev Summit in Sofia is shaping up really well, FROST is done (tune in later this afternoon if you don’t believe me), and the engineers are heads down, working hard and ticking off everything we need to do to get Zebra ready for zcashd deprecation.
Basically, ZF is a stripped-down, lean, mean machine, firing on all cylinders, and walking the walk. 