Curve Finance founder Michael Egorov has asked the DAO to approve a 17.45 million CRV token grant — roughly $6.6 million at current prices — to bankroll continued development, security work and ecosystem growth for Curve’s lending stack. The grant would be paid to Swiss Stake AG, the Switzerland-based company behind much of Curve’s development, and follows an earlier funding award granted in late 2024. Egorov filed the proposal on the Curve DAO governance forum on Sunday, saying the funds would support “software research and development, infrastructure, security, and ecosystem support,” and enable Swiss Stake AG’s roughly 25-person team to keep contributing to the protocol. Key goals outlined for 2026 include: - Launching and scaling a new version of Curve’s lending system, Llamalend. - Building an on-chain foreign currency swap. - Improving Curve’s user interface. - Expanding integrations, cross-chain functionality, and governance/operational infrastructure. Egorov also said any intellectual property created with grant funds will be released under an open-source license compatible with Curve’s repositories. Spending rules and reporting If the DAO approves the grant, Swiss Stake AG would be allowed to stake a portion of the CRV it receives to generate additional yield, but it may not deploy the funds for purposes outside those specified in the proposal. The company has pledged to publish bi-annual reports detailing grant expenditures. Why Swiss Stake AG is asking for funding Egorov noted that while Swiss Stake AG has generated some revenue — mainly from Curve Lite deployments on other networks and by staking veCRV via wrapper protocols (Convex, StakeDAO, Yearn) as a minority participant — those income streams are not yet sufficient to make the operation self-sustaining. He framed the grant as necessary to keep the team afloat while it builds out the Curve ecosystem and pushes toward long-term sustainability. Context Founded in early 2020, Curve Finance currently holds around $2.2 billion in total value locked, according to DefiLlama, ranking it the 21st-largest DeFi protocol. The proposal now moves to the DAO’s governance process for voting. Read more AI-generated news on: undefined/news

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