According to Foresight News, Curve DAO has voted against a governance proposal to allocate 17.4 million CRV tokens, valued at approximately $6.2 million, to Swiss Stake AG, the core development company of Curve Finance. The proposal, submitted by Curve Finance founder Michael Egorov, aimed to fund the Swiss Stake team for software development, infrastructure, security, and ecosystem support. The voting results revealed that 54.46% of participants opposed the proposal, while 45.54% were in favor. Addresses associated with Yearn Finance and Convex Finance accounted for nearly 90% of the opposing votes.
Community members expressed concerns on the forum about centralization, questioning whether Curve's governance is overly reliant on a small group. Some members also suggested that Swiss Stake should provide a clearer explanation of past fund usage before new funding is approved.
