diff --git a/FULL_HELP_DOCS.md b/FULL_HELP_DOCS.md
index 2fd02cafb..5d83daeb2 100644
--- a/FULL_HELP_DOCS.md
+++ b/FULL_HELP_DOCS.md
@@ -977,6 +977,9 @@ Generate a new identity with a seed phrase, currently 12 words
 * `--rpc-url <RPC_URL>` — RPC server endpoint
 * `--network-passphrase <NETWORK_PASSPHRASE>` — Network passphrase to sign the transaction sent to the rpc server
 * `--network <NETWORK>` — Name of network to use from config
+* `--fund` — Fund generated key pair
+
+  Default value: `false`
 
 
 
diff --git a/cmd/soroban-cli/src/commands/keys/generate.rs b/cmd/soroban-cli/src/commands/keys/generate.rs
index 16e6a7fdb..b59e227fc 100644
--- a/cmd/soroban-cli/src/commands/keys/generate.rs
+++ b/cmd/soroban-cli/src/commands/keys/generate.rs
@@ -4,6 +4,7 @@ use super::super::config::{
     locator, network,
     secret::{self, Secret},
 };
+use crate::{commands::global, print::Print};
 
 #[derive(thiserror::Error, Debug)]
 pub enum Error {
@@ -17,6 +18,7 @@ pub enum Error {
 
 #[derive(Debug, clap::Parser, Clone)]
 #[group(skip)]
+#[allow(clippy::struct_excessive_bools)]
 pub struct Cmd {
     /// Name of identity
     pub name: String,
@@ -46,10 +48,22 @@ pub struct Cmd {
 
     #[command(flatten)]
     pub network: network::Args,
+
+    /// Fund generated key pair
+    #[arg(long, default_value = "false")]
+    pub fund: bool,
 }
 
 impl Cmd {
-    pub async fn run(&self) -> Result<(), Error> {
+    pub async fn run(&self, global_args: &global::Args) -> Result<(), Error> {
+        if !self.fund {
+            Print::new(global_args.quiet).warnln(
+                "Behavior of `generate` will change in the \
+            future, and it will no longer fund by default. If you want to fund please \
+            provide `--fund` flag. If you don't need to fund your keys in the future, ignore this \
+            warning. It can be suppressed with -q flag.",
+            );
+        }
         let seed_phrase = if self.default_seed {
             Secret::test_seed_phrase()
         } else {
diff --git a/cmd/soroban-cli/src/commands/keys/mod.rs b/cmd/soroban-cli/src/commands/keys/mod.rs
index 42814092f..30df5ccee 100644
--- a/cmd/soroban-cli/src/commands/keys/mod.rs
+++ b/cmd/soroban-cli/src/commands/keys/mod.rs
@@ -1,3 +1,4 @@
+use crate::commands::global;
 use clap::Parser;
 
 pub mod add;
@@ -48,12 +49,12 @@ pub enum Error {
 }
 
 impl Cmd {
-    pub async fn run(&self) -> Result<(), Error> {
+    pub async fn run(&self, global_args: &global::Args) -> Result<(), Error> {
         match self {
             Cmd::Add(cmd) => cmd.run()?,
             Cmd::Address(cmd) => cmd.run()?,
             Cmd::Fund(cmd) => cmd.run().await?,
-            Cmd::Generate(cmd) => cmd.run().await?,
+            Cmd::Generate(cmd) => cmd.run(global_args).await?,
             Cmd::Ls(cmd) => cmd.run()?,
             Cmd::Rm(cmd) => cmd.run()?,
             Cmd::Show(cmd) => cmd.run()?,
diff --git a/cmd/soroban-cli/src/commands/mod.rs b/cmd/soroban-cli/src/commands/mod.rs
index b2e431e6e..0a1d4629b 100644
--- a/cmd/soroban-cli/src/commands/mod.rs
+++ b/cmd/soroban-cli/src/commands/mod.rs
@@ -113,7 +113,7 @@ impl Root {
             Cmd::Network(network) => network.run(&self.global_args).await?,
             Cmd::Snapshot(snapshot) => snapshot.run(&self.global_args).await?,
             Cmd::Version(version) => version.run(),
-            Cmd::Keys(id) => id.run().await?,
+            Cmd::Keys(id) => id.run(&self.global_args).await?,
             Cmd::Tx(tx) => tx.run(&self.global_args).await?,
             Cmd::Cache(data) => data.run()?,
         };
diff --git a/cookbook/contract-lifecycle.mdx b/cookbook/contract-lifecycle.mdx
index e38a233de..2be63c23f 100644
--- a/cookbook/contract-lifecycle.mdx
+++ b/cookbook/contract-lifecycle.mdx
@@ -9,7 +9,7 @@ To manage the lifecycle of a Stellar smart contract using the CLI, follow these
 1. Create an identity for Alice:
 
 ```bash
-stellar keys generate alice
+stellar keys generate alice -q
 ```
 
 2. Fund the identity:
diff --git a/cookbook/payments-and-assets.mdx b/cookbook/payments-and-assets.mdx
index e3be8dafc..a198973e1 100644
--- a/cookbook/payments-and-assets.mdx
+++ b/cookbook/payments-and-assets.mdx
@@ -17,11 +17,11 @@ By setting the `STELLAR_NETWORK` environment variable, we will not have to set t
 2. Fund the accounts:
 
 ```bash
-stellar keys generate alice
+stellar keys generate alice -q
 ```
 
 ```bash
-stellar keys generate bob
+stellar keys generate bob -q
 ```
 
 ```bash