Curve founder seeks 17.45M CRV grant to bankroll Llamalend, on-chain FX and more Curve Finance founder Michael Egorov has proposed a 17.45 million CRV token grant (roughly $6.6 million at current prices) to fund engineering, security and ecosystem work for the protocol’s lending stack. The award would go to Swiss Stake AG — the Swiss company that supports Curve — and follows an earlier grant the group received in late 2024. Posted to the Curve DAO governance forum on Sunday, Egorov says the funds would sustain Swiss Stake AG’s 25-person contributor team and pay for a wide slate of initiatives in 2026, including: - launching and scaling a next-generation lending system, Llamalend; - building an on-chain foreign currency swap capability; - cross-chain integrations and other interoperability work; - user interface improvements, infrastructure and security hardening; - continued development and maintenance of Curve’s smart-contract ecosystem and software repositories. Egorov also emphasized that any intellectual property created with grant funds will be released under an open-source license compatible with Curve’s existing repos. Operational and financial guardrails If the DAO approves the proposal, Swiss Stake AG would be allowed to stake a portion of the received CRV to generate additional yield for its ventures, but it cannot repurpose the grant for activities outside the scope outlined in the proposal. The firm has pledged bi-annual public reports detailing how the grant money is spent. Egorov noted that while Swiss Stake AG has diversified income — from Curve Lite deployments on other networks and by staking veCRV through wrapper protocols like Convex, StakeDAO and Yearn as a minority participant — those revenues do not yet make the company fully sustainable. The grant is presented as necessary to keep the team operating while building toward self-sufficiency. Protocol context Curve, founded in early 2020, remains one of DeFi’s larger liquidity protocols: DefiLlama reports roughly $2.2 billion TVL, ranking Curve around the 21st-largest DeFi protocol. The proposal now heads to Curve DAO governance for a community vote, where tokenholders will decide whether to greenlight the funding and the roadmap laid out by Swiss Stake AG. Read more AI-generated news on: undefined/news

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