# ZenIP 42407 Passed

**URL:** <https://horizen.discourse.group/t/zenip-42407-passed/747>\
**Category:** News & Announcements\
**Created:** [September 27, 2024, 5:07pm UTC](https://horizen.discourse.group/t/zenip-42407-passed/747 "2024-09-27T17:07:17Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Manon](https://yyz1.discourse-cdn.com/flex035/user_avatar/horizen.discourse.group/manon/32/5_2.png) [@Manon](https://horizen.discourse.group/u/Manon)\
**Post date:** [September 27, 2024, 5:07pm UTC](https://horizen.discourse.group/t/zenip-42407-passed/747/1 "2024-09-27T17:07:17Z")

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Hi [@everyone](https://horizen.discourse.group/groups/everyone), exciting news!

✅ZenIP 42407 Voting Result: Passed! ✅

We’re excited to announce that ZenIP 42407 has passed with nearly 100% of participants voting in favor of the proposal!

This pivotal milestone introduces major updates to $ZEN tokenomics and marks a new era for the Horizen ecosystem.

Here’s what this means:

**🔸 40% of $ZEN emissions to Collator and Delegator Rewards**  
Collators will secure the network and earn $ZEN rewards. $ZEN holders can delegate their tokens to Collators, participate in network security, and earn rewards in return.

🔸 **32.5% to the Horizen Foundation**  
This supports long-term growth and ecosystem stability:  
– 15% for Ecosystem Development  
– 10% for $ZEN Growth & Stability  
– 7.5% for Infrastructure Support

🔸 **27.5% to the DAO Treasury**  
To drive ongoing community development:  
– 17.5% for the ZEN Sustainability Initiative  
– 5% for Community Grants  
– 5% for Growth Marketing

🔸 **No More $ZEN Halving**  
A smoothly declining emission rate will replace the traditional halving schedule, creating stability and predictability for $ZEN holders.

These changes set the stage for Horizen’s long-term success as a leader in the zk space, empowering the community and driving innovation.

A big thank you to all $ZEN holders who participated in the vote. Together, we’re taking Horizen to the next level!

See full ZenIP42407 and voting result: [Snapshot](https://snapshot.org/#/horizenfoundationtechnical.eth/proposal/0xea648f6529def23a80843f54aeaabc969066d9976b3101dfea9d73f8f136ab71)

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**Author:** ![NhuelCryp](https://yyz1.discourse-cdn.com/flex035/user_avatar/horizen.discourse.group/nhuelcryp/32/36_2.png) [@NhuelCryp](https://horizen.discourse.group/u/NhuelCryp)\
**Post date:** [September 28, 2024, 12:36pm UTC](https://horizen.discourse.group/t/zenip-42407-passed/747/2 "2024-09-28T12:36:31Z")

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Massive news!.. Congratulations to Horizen Community