Horizen ZenIP 42409 Vote
APR
21
Event date
Monday 21 April 2025, UTC
Event description
- Horizen's ZenIP 42409 proposal, set for voting from April 21 to April 24, 2025, aims to reallocate 5 million unminted $ZEN tokens—originally intended for block rewards—to fund growth, adoption, and sustainability as the project shifts to a privacy-focused appchain on Base, Coinbase’s Layer 2 network.
- This follows the earlier ZenIP 42407, which passed in September 2024 with near-unanimous support, transitioning Horizen from Proof-of-Work to Proof-of-Stake and increasing the Horizen Foundation’s block reward share from 20% to 32.5% to support ecosystem development, per the Horizen Blog.
- The move to Base aligns Horizen with over 100 appchains expected in 2025, leveraging Base’s deeper liquidity and lower costs while focusing on privacy-preserving tech, a strategic pivot amid Ethereum’s scaling ecosystem, as noted in prior ZenIP 42406 discussions on mirror.xyz.
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