Blockchain
By Sakamoto Nashi
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Who Wants to Keep the Fund — and Why. Matt Huang, the Paradigm founder, pushed back hard. His case for keeping the fund alive centers on…
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The Governance Fight Nobody Has Solved. Here's where it gets complicated. Qureshi isn't just arguing about whether the fund should exist —…
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Haseeb Qureshi wants it gone. The Dragonfly managing partner has come out publicly urging the Zcash development fund to be shut down once its current term runs out in 2028 — and…
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The fund isn't small. Per ZecStats, it holds 63,962 ZEC tokens worth roughly $95 million right now. It keeps growing, too — the protocol feeds it 0.
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Matt Huang, the Paradigm founder, pushed back hard. His case for keeping the fund alive centers on something a lot of crypto projects haven't fully reckoned with yet: AI-driven…
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Maxime Desalle, an investment analyst at Winklevoss Capital, landed on the opposite end. He's not just skeptical of the fund — he wants it gone entirely.
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That's a pretty radical take, and it's not where everyone lands.
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Zooko Wilcox, the founder of Zcash, came at it from a different angle. He pointed to the Zcash Community Grants Committee as the piece of this puzzle that often gets…
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See also: Grayscales Zcash ETF to Split 3-for-1 After $233 Million Inflow, Nearing $890 Million
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Here's where it gets complicated. Qureshi isn't just arguing about whether the fund should exist — he's also taking a position on how it should be governed if it does continue.
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What he's proposing instead is a hybrid: token holders get to elect temporary councils, and those councils make the actual disbursement decisions.
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That structure matters because of how the fund actually works. The NU6 upgrade specs are clear that the fund's balance sits outside of circulating supply until governance bodies…
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No final plan has been agreed on. The community is still working through proposals, and there's no consensus yet on whether to let the fund expire in 2028, extend it, restructure…
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Read also: Jaime Leverton Joins Fortitude Mining as Zcash Surges Toward Nasdaq Listing
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The Zcash Community Grants Committee's 40% share of fund allocation keeps coming up as a reference point in these discussions.
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