Dragonfly managing partner proposes ending Zcash Dev Fund after 2028

Haseeb Qureshi, managing partner at Dragonfly, proposed that the Zcash development fund should not be renewed after the current funding cycle expires in 2028. Qureshi argued that while the fund was necessary for early development, it should not exist indefinitely to prevent institutionalization and political influence over grant distribution. He suggested that after completing key technical priorities—such as Tachyon, quantum resistance, and formal verification—the ecosystem should transition to a voluntary funding model similar to Bitcoin. The current fund receives 12% of block rewards, with approximately $95 million in ZEC held in the lockbox as of September 17, 2026.