Dragonfly Partner Calls for Zcash Development Fund to End When It Expires in 2028

Odaily News: Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that under current rules, the Zcash development fund should cease operations after it expires in 2028.

Qureshi wrote: "I think this should be the last development fund." He said the current fund size is already sufficient to support Zcash's remaining development work, and as the fund's value approaches $100 million, it may face "politicization" risks in the future. According to ZecStats data, as of press time, the Zcash development fund holds 63,962 ZEC, worth about $95 million.

These remarks come amid ongoing industry discussion over the growing size of the development fund. Earlier, a rise in the ZEC price drove a sharp increase in the fund's value. Some also argue that Zcash should continue to retain the development fund. Paradigm founder Matt Huang said on Wednesday that against the backdrop of improving AI cyberattack capabilities and the rapid development of quantum computing, the fund is especially important. (Cointelegraph)