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Under the proposal, Shielded Labs will partner with the Equilibrium Group to create a Zcash Sustainability Fund. Shielded Labs will fund the development of ZSF and will use its experience with the Zcash ecosystem to do this. The idea will be brought up for discussion to monitor and determine the progress of the project.
According to the plan, ZSF will address the future security of the network after the block reward expires by rescheduling the release of Zcash and providing a way to spend funds to maintain the network. The plan maintains a supply ceiling of 21 mln tokens and reduces the token emission curve while maintaining an estimated issuance rate that substitutes the four-year halving cycle.
If ZSF is implemented, all unissued ZEC will be placed in ZSF and block rewards will be paid directly from ZSF. The distribution of rewards for a newly produced ZEC block will follow the proportional distribution described in ZIP 1014, with 80% going to block miners and 20% going to current development fund beneficiaries.
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