Dragonfly Managing Partner Haseeb Qureshi Calls for Ending Zcash Dev Fund

PANews reported on September 18, citing Cointelegraph, that Dragonfly Managing Partner Haseeb Qureshi proposed terminating the Zcash Dev Fund after it expires in 2028 under current rules. He noted that the fund is large enough to support Zcash's subsequent development work, and as its value approaches $100 million, the fund faces the risk of being "politicized." According to ZecStats data, the Zcash Dev Fund holds 63,962 Zcash (ZEC) tokens, worth approximately $95 million.

Previously, as the price of ZEC tokens rose, the fund's value increased accordingly, sparking widespread industry discussion about whether it should be retained. Some have also argued that Zcash should keep the Dev Fund. Paradigm founder Matt Huang pointed out in an X post that the fund is especially important in the era of "AI network capabilities" and amid the rapid development of quantum technology.