ZSAs and Zcash Economics

Hi everyone. This morning we published the draft GMU findings along with a post authored by @steven-ecc providing our perspective on ZSA economics.


I imagine ZSAs being used as private voting tokens. Tokens that should have no intrinsic value, or should not be circulated to, anyone outside the voting participants. Doesn’t that fundamentally break most of the mechanisms described?

I think they had to scope some limits to the mechanisms included in the study. Also, based on your description of

Is there any reason why this needs to be on blockchain?

Sorry I probably should rephrase the question. I’m just trying to eliminate a subset of mechanisms so we know which ones are left/viable and worth discussing.

Is anyone seriously considering or advocate the use of a mechanism that requires an oracle or a dex listing before a ZSA can transact?

I vote fixed fee. I vote ZSA fees match ZEC fees.


In that blog post it says we started 2022 with 11.8 million coins circulating, and will add 1.3 million new coins over the year (totaling ~13.1 for December 31st 2022).

The CoinMarketCap website is quoting a circulating supply of greater than 14.4 million today. What explains this difference? is their website incorrect?

Blockchair says there are almost 12.5 million coins circulating today, that looks more accurate
Zcash Explorer — Blockchair