Curve Finance founder puts 17.45M CRV grant to Swiss Stake AG up for DAO vote

Curve founder Michael Egorov placed a 17.45 million CRV funding request for Swiss Stake AG before the DAO, setting up a vote that will decide how the project will operate going into 2026.

The company has been tied to Curve since 2020, when it built the first software repositories and helped launch the DAO, but the new request covers one full year and keeps all unused tokens rolling into the next cycle.

Swiss Stake AG said its role since 2020 has been simple: make the software, maintain it, expand it, and keep Curve stable. The group explained that it used the August 2020 CRV allocation as the main source of cash, while smaller revenue came from Curve Lite deployments and veCRV staking through Convex, StakeDAO, and Yearn.

But the team said the revenue still does not cover its long-term costs, so it plans to explore future monetization for certain front-end features. The company clarified that no grant funds will be used for those commercial features.

Swiss Stake AG outlines previous work

Swiss Stake AG said it now has more than 25 contributors working on Curve-related systems and wants to keep that team intact. According to the DAO proposal, the first grant came with regular quarterly reports, and those will continue.

Curve said, “We hope the community saw the progress,” pointing to 2024–2025 upgrades that included crvUSD improvements, better collateral options, updated lending mechanics, cross-chain boost tools, and a full update to Curve’s governance and user interfaces.

It also said Llamalend V2 is built and is waiting for security audits before release.

The company confirmed that the new request follows the end of the 2024–2025 grant, which stopped in August 2025.

With remaining funds, Swiss Stake AG kept operations going through the end of 2025, and Curve said the 2026 proposal keeps development running without any gaps in staffing or knowledge.

Proposal sets 2026 plans and grant rules

The plan for 2026 centers on expanding Curve’s infrastructure. Swiss Stake AG wants to launch Llamalend V2 with LP and PT collateral, build FXSwap to move Curve into onchain foreign exchange, extend crvUSD systems with more collateral and new risk models, deploy Curve across more chains with stronger DAO tooling, and continue the full rebuild of Curve’s front-end architecture.

Other plans include new developer tools, AMM research on dynamic fees, modular work on existing AMMs, external management tools for lending markets, more simulation and analysis systems, and continued work on the Curve Block Oracle.

The company asked for 17,450,000 CRV, or about CHF 5.3 million, matching the amount from the previous period. Funds run from January 2026 to January 2027. Tokens will vest through a smart contract under DAO rules.

The group said all spending will follow the project description, with any unused funds rolled into the next year. Swiss Stake AG may stake CRV in wrapper protocols to earn yield, but only for project work.

The grant terms require open-source release of all software created with these funds. Taxes related to the grant may be paid from the allocation. Swiss Stake AG will file bi-annual spending reports and alert the DAO of any issues that could disrupt work. Disputes will follow Swiss law and go through courts in Zug.

Funds will cover security audits, front-end software, Curve repository development, infrastructure, community support, and research and analytics.

Quarterly reports will continue, according to the proposal.

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