BlockBeats news, December 24, Curve Finance founder Michael Egorov proposed allocating 17.45 million CRV tokens (approximately $6.2 million) to Curve’s development company Swiss Stake AG to support ecosystem development, technical R&D, and ongoing development of lending protocols. Egorov stated that the funds will be used for software development, infrastructure and security enhancements, and to support Swiss Stake AG’s core contributor team of about 25 people. Planned objectives include launching and expanding the new lending system Llamalend, developing on-chain foreign exchange conversion functionality, and optimizing Curve’s user interface and cross-chain capabilities.
However, voting results show that 54.46% of participants opposed the proposal, while 45.54% expressed support. Voting data indicates that addresses associated with the two major DeFi protocols Yearn Finance and Convex Finance accounted for nearly 90% of all opposing votes.
Some community members expressed concerns about centralization, questioning whether Curve’s governance relies too heavily on a small number of individuals. Others suggested that before approving any new funding, Swiss Stake should better explain the usage of past funds. Curve community members also believe that past allocations have already distributed substantial protocol funds, and further grants could be “staged” to avoid negative impacts on CRV’s price.
