BlockBeats message, December 24, Curve Finance founder Michael Egorov proposed to allocate 17.45 million CRV tokens (approximately 6.2 million USD) to Curve Development Company Swiss Stake AG to support ecological construction, technological research and development, and the continuous development of lending protocols. Egorov stated that the funds will be used for software development, infrastructure and security construction, and support a core contribution team of about 25 people at Swiss Stake AG. Planning goals include: launching and expanding the new version of the lending system Llamalend, developing on-chain foreign exchange functions, and optimizing Curve's user interface and cross-chain capabilities.
However, the voting results showed that 54.46% of participants opposed the proposal, while 45.54% expressed support. The voting data indicated 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 raised by the proposal, questioning whether Curve's governance relies too heavily on a few individuals. Other members suggested that Swiss Stake should better explain the use of past funds before approving any new funding. Curve community members also believed that the past grants had allocated a significant amount of protocol funds, and further grants could be "disbursed in installments" to avoid negatively impacting the price of CRV.
