The founder of Curve proposed to allocate 17.45 million CRV for research and development as well as team support

The founder of Curve Finance, Michael Egorov, proposed to allocate 17.45 million CRV tokens to Curve development company Swiss Stake AG to support ecosystem development, technology research, and the ongoing development of lending protocols.

At current prices, this allocation 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 will support the core contribution team of about 25 people at Swiss Stake AG. Planned objectives include: launching and expanding the new lending system Llamalend, developing on-chain foreign exchange functions, and optimizing Curve's user interface and cross-chain capabilities.

According to the proposal, the relevant research and development 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 returns, but it must be strictly used for the purposes outlined in the proposal and commit to disclosing the use of funds every six months. Egorov stated that although Swiss Stake AG has generated some income through Curve Lite deployment and veCRV staking, it still relies on community support overall. This allocation aims to ensure the team's operation and promote the Curve ecosystem towards long-term self-sufficiency.