The Coinholder-Controlled Fund of ZIP 1016: what coinholders grant from, held by the key-holders and spent only on grants coinholders approve.
Balance
145,054ZEC
block 3,542,084
Value
$190.16M
$1,311 per ZEC · CoinGecko
Inflow per 30 days
6,480ZEC
0.1875 ZEC every block
Still to come
162,059ZEC
until the third halving · 31.4% received
Funding awaits the vote. Current requests are not approved commitments.
Paid out
7,887.125ZEC
22 grants in 3 rounds
In USD
$8,556,933
the grants' value when paid
Latest payout
Oct 16, 2026
Q3 2026 · 7,320.535 ZEC
| Round | Paid on | Grants | In USD | In ZEC | ZEC/USD |
|---|---|---|---|---|---|
| Q4 2025 | Feb 3, 2026 | 4 | $121,941 | 436.77 | $279.19 |
| Q1 2026 | Apr 14, 2026 | 1 | $45,000 | 129.82 | $346.63 |
| Q3 2026 | Oct 16, 2026 | 17 | $8,389,992 | 7,320.535 | $1,146.09 |
Grants are set in USD and paid in ZEC on the day, so their ZEC cost moves with the price. The key-holders sent the Q3 2026 grants through the shielded pool, so the chain shows what left the multisig, not each grant. Amounts by grant are in FPF's Coinholder sheet; the multisig is on the explorer.
The lockbox starts: 12% of every block reward is set aside under ZIP 1015, with no way to spend it yet.
Coinholders approve a grants program for finished work, with partial funding when the fund runs short.
ZIP 1016 turns the lockbox into the Coinholder-Controlled Fund: about 78,750 ZEC move to the key-holders' multisig, and the 12% keeps flowing in.
Coinholders approve five grants; the key-holders later veto one.
The key-holders pay the approved grants in ZEC from the multisig.
The Q2 vote is postponed after an Orchard vulnerability; its proposals move to Q3.
Coinholders approve 17 grants, $8.39 million of finished work: the largest round so far.
The key-holders pay all 17 grants in one day: 7,320.535 ZEC at $1,146.09 per ZEC, through the shielded pool.
The 12% stream ends. Whatever is left stays in the fund for later votes, or at rest.
Anyone can submit a grant application through the process the key-holders agreed on: FPF's GitHub template and a forum thread. Grants are retroactive, for finished work.
Applications are open for community review at least 30 days before the vote. A question added later is discarded, as the Q1 2026 rescission question was.
Every three months. A grant needs at least 420,000 ZEC voted and a simple majority in favour; abstentions are left out of the majority. Coins used in one question also count in the others.
One key-holder can veto a grant that would breach its legal or reporting obligations; two can veto on principle, with a rationale. Payments stop on a veto. No one can overturn a rejection.
The key-holders sign the multisig transactions. Grants are set in USD and paid in ZEC at the time of payment, after KYC for grants above $50,000. If the fund is short, grants can be partly paid.
ZIP 1016 ↗ZIP 271 ↗Coinholder sheet ↗Multisig ↗Balance: the Coinholder sheet of Oct 30, 2026 plus 0.1875 ZEC a block since.Live lockbox feed →