mirror of https://github.com/zcash/zips.git
Move from a fixed to max principal dev allocation
Based on feedback from @tromer as well as thoughts from the ECC on the forum (https://forum.zcashcommunity.com/t/decentralizing-the-dev-fee/35252/92?u=mhluongo)
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@ -16,9 +16,11 @@ managing new Zcash development, decentralizing those development efforts, and
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resolving governance hangups between the Zcash Foundation and the Electric Coin
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Company.
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These goals are accomplished via a 20% dev fee, enacted in NU4, This fee will
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fund a diverse group of development teams to ensure Zcash maintains
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best-in-class research and engineering talent while growing a robust ecosystem.
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These goals are accomplished via a 20% dev fee, enacted in NU4 and continue for
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one halving period. This fee will fund a diverse group of development teams to
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ensure Zcash maintains best-in-class research and engineering talent while
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growing a robust ecosystem, funding the Zcash Foundation with 25% and a newly
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established principal developer role with as much as 35%.
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Motivation
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==========
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@ -269,13 +271,12 @@ encouraging fiscal discipline.
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The remaining 75% of the dev fee shall be distributed between development teams
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working to maintain clients.
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* One third of the remaining fee (25% of the total) shall be reserved for the
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role of the "principal developer", a developer with additional voice in Zcash
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governance. The principal developer allocation shall be capped similarly to
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the Foundation's, based on the monthly volume-weighted average price.
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* The remaining two thirds of the fee (50% of the total), called the "outside
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development fee", shall be distributed between at least two development teams,
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chosen semi-annually by the Foundation, coinciding with network upgrades.
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* Up to 35% of the total fee shall be reserved for the
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role of the "principal developer", a developer with assured long-term
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alignment with the project.
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* The remaining 40% of the fee, called the "outside development fee", shall be
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distributed between at least two development teams, chosen semi-annually by
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the Foundation, coinciding with network upgrades.
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Prior to each network upgrade, the Foundation shall recommend a list of
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addresses and a total number of ZEC per block each address is meant to receive
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@ -324,13 +325,15 @@ The principal developer shall make a number of guarantees.
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3. In addition to the existing open-source requirements, they shall agree to
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assign any trademarks or patents relevant to Zcash to the Foundation.
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In exchange, the principal developer is granted an indefinite dev fee allocation
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and a wide remit to pursue longer-term research relevant to Zcash, as well as
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a voice on the board of the Foundation. The principal developer will not be
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subject to semi-annual review, though it will submit the same plans required of
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other recipients. The principal developer will only be recommended for removal
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by the Foundation in extraordinary circumstances, including reneging on the
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above guarantees or extreme negligence.
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In exchange, the principal developer is granted an indefinite minimum dev fee
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allocation of 20%, with a maximum allocation of 35% of the total fee, as
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recommended annually by the Foundation.
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The principal developer will have a wide remit to pursue longer-term research
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relevant to Zcash, though it will submit the same plans required of other
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recipients. The principal developer will only be recommended for removal by the
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Foundation in extraordinary circumstances, including reneging on the above
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guarantees or extreme negligence.
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Minimum viable Foundation
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-------------------------
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