RFI -- Zapa

rkasszapa · July 1, 2022, 7:40pm

Goal: Provide a POS implementation of Zcash which runs on Snowball Consensus

Simply, Zapa forks Zcash and deploys a forked Zcash VM to an Avalanche Subnet. With little modifications to the Zcash code, we are able to achieve a Zcash blockchain fully powered by proof of stake. In addition to POS, Snowball Consensus provides transaction finality as well as high throughput.

I’m writing on this forum because I want to seek the best way to involve the Zcash community in this project. Currently this project is live on a testnet, and I am working on a wallet and bridging mechanism before launching in production.

Why does this project want/need a grant?

Developers for the initiatives mentioned above. Currently I do most of the dev, and I also hire developers for one-off bounty tasks. See this tweet for example. We are looking to onboard one or two devs in a full-time capacity to bring this project to production.

How would this contribute value to ZEC holders?
This is what I’d like most input on. Some ideas:

In exchange for a grant, existing ZEC holders will receive Genesis ZAPA tokens
ZEC users can, in perpetuity exchange ZEC for ZAPA (hard to enforce)
Open to any other ideas the community has

aquietinvestor · July 1, 2022, 7:58pm

Welcome to the forum @rkasszapa. Community members who want to learn more about Zapa and weigh in on Ryan’s RFI can visit the following links for additional information:

github.com

zapalabs/zapa/blob/master/tokenomics.md

# ZAPA Tokenomics

ZAPA is the native coin of the Zapa subnet. All transactions strictly involve the sending and receiving of ZAPA. 
It's possible other chains will exist in the future for transacting other assets privately, but as of this writing,
ZAPA is the only coin which gets transacted on the ZAPA subnet

## Overview

Zapa is an Avalanche subnet, and as a consequence, Zapa maintains independent state from the Avalanche primary network chains while sharing common validators with 
the primary network chains. See [Subnet FAQ](https://support.avax.network/en/articles/6158840-subnet-faq) for more information on Avalanche subnets.

![Validator](./validator.png)

Above is a view into how a Zapa validator fits into the overall network. Each Zapa validator must also validate the Avalanche primary network. As a reward
for also validating the Zapa chains, Zapa validators earn ZAPA detailed below.

## Validator Rewards

Validator rewards are divided into two components, transaction fees and a block reward for producing a block. Each ZAPA transaction has a flat fee of 0.00001 ZAPA. Currently, each
block producer receives a reward of 10 ZAPA. Currently, supply is capped at 21 million ZAPA with a descending block reward structure.

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JoakimEQ · May 9, 2023, 11:45am

Whats the latest on this?