Dragonfly’s Haseeb Qureshi proposes ending Zcash development fund in 2028

  • Haseeb Qureshi proposed ending Zcash’s development fund after its 2028 expiration.
  • ZecStats recorded 63,962 ZEC worth about $95 million in the fund.
  • Matt Huang said the fund remains important amid advancing AI attacks and quantum computing.

Dragonfly managing partner Haseeb Qureshi has proposed that Zcash’s development fund stop operating when its current mandate expires in 2028. He said the existing fund is large enough to support the project’s remaining development work and warned that a value approaching $100 million could create politicalization risks. ZecStats data showed the fund held 63,962 ZEC worth about $95 million at the time of publication. The proposal comes as Zcash’s rising price has substantially increased the fund’s value, while others argue the fund should remain in place. Paradigm founder Matt Huang said Wednesday that it is particularly important as AI-enabled cyberattack capabilities improve and quantum computing advances.

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