Another interesting grants option is to make them retroactive, similar to what Optimism is doing.
Retroactive funding of public goods has its challenges due to the need to bootstrap some things, but I think it could be quite a powerful tool.
In this case, the Zcash Funding Bloc would define spending categories (protocol, dev tooling, user tools, education, etc.). Grants would be given retroactively once the team delivers and demonstrates value. This would help reduce speculation and waste, while generously awarding participants that move the needle.
Optimism has allocated 20% of its total issuance for this—850 M OP, or about $2.7B at today’s price.
See their Twitter thread here.
More information here.