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Curve Finance founder Michael Egorov has submitted a governance proposal to the Curve DAO requesting **17.45 million CRV tokens**, valued at approximately **$6.6 million** at current prices, to support ongoing development through 2026.
The grant would be allocated to **Swiss Stake AG**, the Zug-based company responsible for building and maintaining Curve’s core infrastructure. This follows a similar funding round approved in late 2024.
Proposal Details
The funds aim to sustain a **25-member development team** and advance key initiatives, including:
– Upgrades to **Llamalend** (Curve’s lending protocol, targeting v2 launch)
– Development of an **on-chain foreign exchange (FX) swap** system
– Improvements to **user interface**, cross-chain functionality, and governance tools
– Continued work on **crvUSD** and broader lending ecosystem enhancements
– Infrastructure, security audits, and open-source contributions
All intellectual property developed with the grant would be released under licenses compatible with Curve’s existing open-source repositories.
If approved, Swiss Stake AG could stake unused CRV in liquid lockers (e.g., Convex, Yearn) for additional yield, with strict usage restrictions. The company commits to **biannual transparency reports** on spending and progress.
Egorov noted that while Swiss Stake AG has built revenue streams (e.g., Curve Lite deployments, veCRV staking fees), they remain insufficient for full operational needs, making DAO support essential for competitiveness.
Community and Market Context
Voting is open until December 22, 2025, with early participation showing full support. The proposal underscores DeFi protocols’ challenge of sustainable core funding amid evolving markets.
Curve maintains strong positioning with $2.2 billion in TVL, but ongoing innovation is critical in a crowded landscape. Approval would extend predictable funding, bridging to greater self-sufficiency.
This initiative reflects Curve’s commitment to long-term growth, prioritizing security, usability, and ecosystem expansion for CRV holders and users.
