Zcash Development Fund Debate Intensifies as Balance Tops $95 Million

  • Haseeb Qureshi proposed making Zcash's current development fund the final one before its rules expire in 2028.
  • ZecStats recorded 63,962 ZEC worth about $95 million, with the fund accruing 0.1875 ZEC per block, or 12% of the NU6 block subsidy.
  • Matt Huang defended continued funding amid AI and quantum-security risks, while Maxime Desalle called for eliminating the fund and Zooko Wilcox defended the grants committee's contribution.

Zcash's development-fund model has become a focal point after a rally in ZEC pushed the fund's balance to about $95 million, as the network prepares its proposed November 5, 2026 NU7 upgrade. Dragonfly managing partner Haseeb Qureshi proposed making the current fund the final one when its rules expire in 2028, arguing that its accumulated resources can finance remaining work and could become politicized as its value approaches $100 million. ZecStats showed the fund held 63,962 ZEC and accrued 0.1875 ZEC per block, equal to 12% of the block subsidy under NU6, while earlier descriptions referred to a broader 20% development allocation. Paradigm co-founder Matt Huang defended inflation-funded public-goods support amid improving AI-enabled cyber capabilities and quantum advances, while Maxime Desalle called for eliminating the fund. The dispute also covers governance, with Qureshi favoring temporary councils elected by token holders and Huang supporting a hybrid model rather than pure token-holder voting.

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