Dragonfly Managing Partner Haseeb Qureshi has proposed terminating the Zcash Dev Fund upon its scheduled expiration in 2028, arguing the treasury is now sufficiently capitalized to sustain future development. With the fund's value approaching $100 million, Qureshi warned that retaining such a large capital pool creates risks of politicization within the ecosystem.
ZecStats data indicates the Dev Fund currently holds 63,962 ZEC tokens valued at approximately $95 million, with recent price appreciation intensifying debates over its future. While Qureshi advocates for sunsetting the fund, Paradigm founder Matt Huang countered that maintaining it remains critical given emerging challenges in AI network capabilities and rapid quantum technology advancements.
Dragonfly’s Haseeb Qureshi Proposes Ending Zcash Dev Fund After 2028 Expiry
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