Dragonfly VC Wants Zcash Dev Fund Dead After 2028
A top crypto investor is pushing to kill the Zcash development fund as ZEC's rally lifts its value past $95 million.
The Zcash development fund is in the crosshairs. Dragonfly's Haseeb Qureshi is calling for the fund to be shut down after 2028, and the timing is no accident — ZEC's recent rally has pushed the fund's total value north of $95 million, making it a fat target for debate inside the community.
The core argument is simple: at some point, a protocol needs to stand on its own. A dev fund that made sense when ZEC was cheap looks very different when the treasury is sitting on nine figures. Qureshi's position is that continuing to siphon block rewards into a centralized pot past 2028 runs counter to the decentralization ethos crypto is supposed to stand for.
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This is the kind of governance fight that splits communities hard. Zcash insiders who've depended on that funding for research, development, and operations aren't going to walk away quietly. The Electric Coin Company and the Zcash Foundation both draw resources from this pool, so any sunset plan is essentially a budget war with serious technical roadmap consequences.
For traders, the signal worth watching is how this debate resolves — or doesn't. Governance uncertainty is a known price suppressor. If the community fractures over the fund's future, expect volatility. If Qureshi's position gains traction and a clean sunset gets scheduled, that could actually read as a bullish catalyst for ZEC, removing the inflation overhang from block reward allocations.
The 2028 deadline gives everyone time to maneuver, but the conversation is happening now. Continue reading at Cointelegraph.
