With the financial constraints that ZF is facing, and the uncertainty surrounding our future income, we’ve had to scrutinise our expenditure very closely, and, unfortunately, we’re not able to continue funding the ZCG Committee members’ stipend at the current level ($1725 per month).
From January 2024, the monthly stipend will be $650. We believe that this amount is consistent with the philanthropic nature of the Zcash Community Grants program.
For the avoidance of any doubt, ZF continues to provide administrative, logistical, and operational support, including the grants platform, required KYC and OFAC compliance, payment processing, funds administration, record-keeping (including meeting minutes, and maintaining the ZCG Dashboard), and providing a point of contact for grant applicants and recipients.