zec
/
zips
mirror of https://github.com/zcash/zips.git
1
0
Fork 0
Code Issues Projects Releases Wiki Activity

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)
This commit is contained in:
Matt Luongo 2019-11-15 00:20:26 -05:00 committed by Daira Hopwood
parent f7a3f3ea12
commit 3d60f88bfa
1 changed files with 20 additions and 17 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

37
zip-XXXX.rst
View File

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