Comment by rleigh

ZFS doesn't work this way. The free blocks in the ZFS pool are available to all datasets (filesystems). The datasets themselves don't take up any space up front until you add data to them. Snapshots don't take up any space initially. They only take up space when the original dataset is modified, and altered blocks are moved onto a "deadlist". Since the modification allocates new blocks, if the pool runs out of space it will simply return ENOSPC at some point. There's no possibility of over-provisioning.

ZFS has quotas and reservations. The former is a maximum allocation for a dataset. The latter is a minimum guaranteed allocation. Neither actually allocate blocks from the pool. These don't relate in any comparable way to how LVM works. They are just numbers to check when allocating blocks.