Dragonfly’s Qureshi calls for end to Zcash dev fund after 2028
Industry watchers are debating the fate of the Zcash development fund after the ZEC token’s rally pushed its value above $95 million.
Industry watchers are debating the fate of the Zcash development fund after the ZEC token’s rally pushed its value above $95 million.
Crypto-focused venture capital firm Dragonfly’s managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028.
“I’m of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value.
The ZEC development fund is a protocol development fund that accrues 0.1875 ZEC tokens per block, representing 12% of the block subsidy under the NU6 upgrade. Its balance sits outside circulation until governance disbursement.