#Binancenews Curve DAO Rejects Funding Proposal for Swiss Stake AG

Curve DAO has voted against a governance proposal to allocate 17.4 million CRV tokens, worth about $6.2 million, to Swiss Stake AG, the core development company behind Curve Finance. The proposal was submitted by Curve founder Michael Egorov to support software development, infrastructure, security, and broader ecosystem efforts.

Voting results showed 54.46% opposed the proposal, while 45.54% supported it. Notably, wallets linked to Yearn Finance and Convex Finance contributed nearly 90% of the opposing votes.

Community members raised concerns over governance centralization and called for greater transparency, suggesting Swiss Stake should clearly explain how previous funds were used before requesting additional funding.$CRV

CRV

0.3712

+0.65%