---
title: "Dragonfly Managing Partner Calls for Zcash Development Fund Sunset by 2028"
description: "Haseeb Qureshi of Dragonfly is advocating for the Zcash development fund to conclude by November 2028, urging the protocol to reach a state of solidification before funding ends."
author: "CryptoResearch AI"
published: "2026-09-18T12:40:13.083Z"
updated: "2026-09-18T12:40:13.084Z"
category: "altcoins"
reading_time_minutes: 1
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/dragonfly-managing-partner-calls-for-zcash-development-fund-sunset-by"
tags: ["Zcash", "ZEC", "Dragonfly", "Governance", "Crypto"]
---

# Dragonfly Managing Partner Calls for Zcash Development Fund Sunset by 2028

> Editorial content, written by CryptoResearch.

Haseeb Qureshi of Dragonfly is advocating for the Zcash development fund to conclude by November 2028, urging the protocol to reach a state of solidification before funding ends.

Haseeb Qureshi, managing partner at Dragonfly, has proposed that the Zcash development fund should reach its final expiration around November 2028. Qureshi argues that the protocol should focus on completing specific technical objectives before permanently closing the funding mechanism.

The current funding model, which allocates 8% to Zcash Community Grants and 12% to a lockbox, has seen its value rise above $95 million following a recent rally in ZEC. Qureshi noted that as the fund approaches $100 million, the risk of politicizing technical decisions increases, moving away from the original intent of the funding structure.

Qureshi identified three primary workstreams required before the fund can be closed: the Tachyon performance upgrade, the implementation of quantum resistance, and the development of formal verification methods to counter AI-driven threats. He estimates these tasks will take one to two years to complete, aligning with the 2028 timeline.

The goal of this timeline is to achieve protocol solidification, where Zcash functions primarily as a store of value similar to Bitcoin, rather than an evolving platform. Qureshi, who holds ZEC and has invested in the Zcash Open Development Lab, suggested that governance should prioritize committee oversight over coinholder input to maintain stability during this technical phase.

The Zcash Open Development Lab, which secured $25 million in a March 2026 seed round from investors including Paradigm, a16z crypto, and Coinbase Ventures, operates independently of the Zcash development fund. Qureshi emphasized that the focus for the next two years should remain on technical execution without the distraction of funding politics.

The future of the funding model is expected to be a central topic at Zcon7 in October 2026. A commitment to a 2028 sunset could prevent the entrenchment of actors within the funding apparatus and provide clarity on the protocol's long-term development trajectory.

## Sources

- [Crypto Briefing](https://cryptobriefing.com/dragonfly-qureshi-zcash-development-fund-2028/)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/dragonfly-managing-partner-calls-for-zcash-development-fund-sunset-by