mirror of https://github.com/zcash/zips.git
ZIP 1012: add Discussions-To and other cosmetic updates.
Signed-off-by: Daira Hopwood <daira@jacaranda.org>
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@ -12,14 +12,15 @@ Owner: Eran Tromer <eran@tromer.org>
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Status: Draft
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Category: Consensus / Process
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Created: 2019-11-10
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License: MIT</pre>
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License: MIT
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Discussions-To: <https://forum.zcashcommunity.com/t/dev-fund-proposal-dev-fund-to-ecc-zfnd-major-grants/35364></pre>
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<section id="abstract">
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<h2>Abstract</h2>
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<p>This proposal describes a structure for a the Zcash Development Fund, to be enacted in Network Upgrade 4 and last for 4 years. This Dev Fund would consist of 20% of the block rewards, split into 3 slices:</p>
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<ul>
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<li>35% for the Electric Coin Company</li>
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<li>25% for Zcash Foundation (for internal work and grants)</li>
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<li>40% for additional "Major Grants" for large-scale long-term projects (decided by the Zcash Foundation, with extra community input and scrutiny)</li>
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<li>35% for the Electric Coin Company;</li>
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<li>25% for Zcash Foundation (for internal work and grants);</li>
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<li>40% for additional "Major Grants" for large-scale long-term projects (decided by the Zcash Foundation, with extra community input and scrutiny).</li>
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</ul>
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<p>Funding is capped at $700k/month per slice. Governance and accountability are based on existing entities and legal mechanisms, and increasingly decentralized governance is encouraged.</p>
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</section>
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@ -66,9 +67,9 @@ License: MIT</pre>
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<h3>Dev Fund allocation</h3>
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<p>Starting at the first Zcash halving in 2020, until the second halving in 2024, 20% of the block rewards will be allocated to a "Dev Fund" that consists of the following three slices:</p>
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<ul>
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<li>One third to the Electric Coin Company (denoted <strong>ECC slice</strong>)</li>
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<li>One third the Zcash Foundation, for general use (denoted <strong>ZF-GU slice</strong>)</li>
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<li>One third the Zcash Foundation, for major grants (denoted <strong>ZF-MG slice</strong>)</li>
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<li>One third to the Electric Coin Company (denoted <strong>ECC slice</strong>);</li>
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<li>One third the Zcash Foundation, for general use (denoted <strong>ZF-GU slice</strong>);</li>
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<li>One third the Zcash Foundation, for major grants (denoted <strong>ZF-MG slice</strong>).</li>
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</ul>
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<p>Details below. The fund flow will be implemented at the consensus-rule layer, by sending the corresponding ZEC to the designated address in each block. This Dev Fund will end at the second halving (unless extended/modified by a future ZIP).</p>
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<section id="ecc-slice-electric-coin-company">
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@ -137,7 +138,7 @@ License: MIT</pre>
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<p>It is expected that ECC, ZF and Major Grant recipient will be focused primarily (in their attention and resources) on Zcash. Thus, they must promptly disclose:</p>
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<ul>
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<li>Any major activity they perform (even if not supported by the Dev Fund) that is not in the interest of the general Zcash ecosystem.</li>
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<li>Any conflict of interest with the general success of the Zcash ecosystem</li>
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<li>Any conflict of interest with the general success of the Zcash ecosystem.</li>
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</ul>
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<p>ECC, ZF and grant recipients must promptly disclose any security of privacy risks that may affect users of Zcash (by responsible disclosure under confidence to the pertinent developers, where applicable).</p>
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<p>ECC's reports, and ZF's annual report on its non-grant operations, should be at least as detailed as grant proposals/reports submitted by other funded parties, and satisfy similar levels of public scrutiny.</p>
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15
zip-1012.rst
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zip-1012.rst
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@ -7,6 +7,7 @@
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Category: Consensus / Process
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Created: 2019-11-10
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License: MIT
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Discussions-To: <https://forum.zcashcommunity.com/t/dev-fund-proposal-dev-fund-to-ecc-zfnd-major-grants/35364>
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Abstract
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@ -16,10 +17,10 @@ This proposal describes a structure for a the Zcash Development Fund, to be
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enacted in Network Upgrade 4 and last for 4 years. This Dev Fund would consist
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of 20% of the block rewards, split into 3 slices:
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* 35% for the Electric Coin Company
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* 25% for Zcash Foundation (for internal work and grants)
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* 35% for the Electric Coin Company;
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* 25% for Zcash Foundation (for internal work and grants);
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* 40% for additional "Major Grants" for large-scale long-term projects (decided
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by the Zcash Foundation, with extra community input and scrutiny)
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by the Zcash Foundation, with extra community input and scrutiny).
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Funding is capped at $700k/month per slice. Governance and accountability are
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based on existing entities and legal mechanisms, and increasingly decentralized
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@ -129,9 +130,9 @@ Starting at the first Zcash halving in 2020, until the second halving in 2024,
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20% of the block rewards will be allocated to a "Dev Fund" that consists of
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the following three slices:
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* One third to the Electric Coin Company (denoted **ECC slice**)
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* One third the Zcash Foundation, for general use (denoted **ZF-GU slice**)
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* One third the Zcash Foundation, for major grants (denoted **ZF-MG slice**)
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* One third to the Electric Coin Company (denoted **ECC slice**);
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* One third the Zcash Foundation, for general use (denoted **ZF-GU slice**);
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* One third the Zcash Foundation, for major grants (denoted **ZF-MG slice**).
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Details below. The fund flow will be implemented at the consensus-rule layer,
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by sending the corresponding ZEC to the designated address in each block. This
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@ -317,7 +318,7 @@ promptly disclose:
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* Any major activity they perform (even if not supported by the Dev Fund) that
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is not in the interest of the general Zcash ecosystem.
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* Any conflict of interest with the general success of the Zcash ecosystem
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* Any conflict of interest with the general success of the Zcash ecosystem.
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ECC, ZF and grant recipients must promptly disclose any security of privacy
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risks that may affect users of Zcash (by responsible disclosure under
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