Dragonfly’s Qureshi calls for end to Zcash dev fund after 2028
Dragonfly managing partner Haseeb Qureshi urged ending the Zcash developer fund when it expires in 2028, saying it should be the “final Dev Fund.” He argued the fund is already large enough to cover remaining Zcash work and could become politicized as its value nears $100 million. The fund currently holds about 63,962 ZEC, worth roughly $95 million, and accrues 12% of each block subsidy until governance distributes it. The proposal has intensified debate over Zcash governance. Some, including Paradigm founder Matt Huang, want to keep the fund for long-term security and future threats such as AI-enabled cyber risk and quantum progress. Qureshi and Huang both favor a hybrid governance model rather than pure token-holder voting. Others, like Winklevoss Capital analyst Maxime Desalle, want the fund eliminated entirely to avoid ongoing disputes. Zcash founder Zooko Wilcox has defended the grants committee as important to the network’s survival and growth.
