ChainCatcher message, Curve Finance founder Michael Egorov proposed to grant 17,450,000 CRV tokens to Curve Development Company Swiss Stake AG to support ecosystem construction, technology research and development, and the ongoing development of lending protocols.
At current prices, this grant is valued at approximately $6.6 million. Previously, Curve had issued a similar grant to this company at the end of 2024. Egorov stated in a post on the Curve DAO governance forum that the funds will be used for software development, infrastructure and security construction, and to support the core contribution team of about 25 people at Swiss Stake AG. Planned goals include: launching and expanding the new lending system Llamalend, developing on-chain foreign exchange functions, and optimizing Curve's user interface and cross-chain capabilities.
According to the proposal, the relevant R&D results will be released under an open-source license compatible with the Curve codebase. If the proposal is approved, Swiss Stake AG may stake part of the CRV to obtain profits, but it must be strictly used for the purposes specified in the proposal, and they commit to disclosing the use of funds every six months. Egorov stated that, although Swiss Stake AG has obtained some income through Curve Lite deployment and veCRV staking, it still relies on community support overall. This grant aims to ensure the team's operation and promote the Curve ecosystem towards long-term self-sufficiency.
