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Curve Founder Proposes Allocating 17.45 Million CRV for Research and Team Support
BlockBeats News, December 15th, Curve Finance founder Michael Egorov proposed to allocate 17.45 million CRV tokens to Curve's development company Swiss Stake AG to support ecosystem building, technical research, and the continuous development of lending protocols. Based on the current price, the funding is worth approximately $6.6 million, with Curve having previously granted a similar grant to the company by the end of 2024.
Egorov posted on the Curve DAO governance forum stating that the funds will be used for software development, infrastructure and security development, and to support Swiss Stake AG's core team of around 25 contributors. Planned objectives include: launching and expanding the new version of the lending system Llamalend, developing on-chain forex capabilities, and optimizing Curve's user interface and cross-chain capabilities.
According to the proposal, the relevant research results will be released in a form compatible with the Curve codebase's open-source license. If the proposal is approved, Swiss Stake AG may stake some CRV to earn rewards, but it must be strictly used for the purposes outlined in the proposal, and they must commit to disclosing fund usage every six months.
Egorov stated that although Swiss Stake AG has earned some income through Curve Lite deployment and veCRV staking, they still rely on community support overall. This grant aims to secure the team's operations and drive the Curve ecosystem towards long-term sustainability.
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