According to a report by The Defiant on December 24, the Curve DAO has rejected a governance proposal to allocate 17.4 million CRV tokens (approximately 6.2 million USD) to the core development company Swiss Stake AG for the decentralized exchange Curve Finance.

This proposal was submitted by Michael Egorov, the founder of Curve Finance, to fund the Swiss Stake team under its management for software development, infrastructure, security work, and ecosystem support. The voting results showed that 54.46% of participants opposed the proposal, while 45.54% supported it.

Voting data shows that addresses related to Yearn Finance and Convex Finance account for nearly 90% of the opposing votes. Community members expressed concerns about centralization in forum comments, questioning whether Curve's governance overly relies on a small group. Some members also suggested that Swiss Stake should better explain the use of past funds before approving new funding.