News

According to ChainCatcher, Curve Finance founder Michael Egorov has proposed allocating 17.45 million CRV tokens to Curve development company Swiss Stake AG to support ecosystem development, technology R&D, and the ongoing development of lending protocols. At current prices, this grant is worth approximately $6.6 million. Previously, Curve had issued a similar grant to the 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 Swiss Stake AG’s core contribution team of about 25 people. The planned objectives include launching and expanding the new lending system Llamalend, developing on-chain foreign exchange functionality, and optimizing Curve’s user interface and cross-chain capabilities. According to the proposal, the related 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 earn yields, but the tokens must be strictly used for the purposes specified in the proposal, with a commitment to disclose fund usage every six months. Egorov stated that although Swiss Stake AG has already generated some revenue through the deployment of Curve Lite and veCRV staking, it still relies on community support overall. This grant aims to ensure the team’s operations and promote the Curve ecosystem’s development towards long-term self-sufficiency.