COINOTAG News reports that Curve Finance founder Michael Egorov has proposed allocating 17.45 million CRV to Curve’s development arm Swiss Stake AG to advance ecosystem initiatives, technical research, and the ongoing evolution of lending protocols. At current prices, the stake is valued around $6.6 million, echoing a similar grant awarded to Swiss Stake AG by end-2024.
In his Curve DAO governance post, Egorov outlined that funds would back software development, infrastructure and security, supporting a core team of about 25 contributors. Key milestones include launching Llamalend v2, enabling on-chain forex, and refining the UI and cross-chain capabilities.
Research outputs would be released under a format compatible with Curve’s open-source license. If approved, Swiss Stake AG could stake CRV to earn rewards, provided funds are used strictly for the outlined purposes and spending is disclosed every six months. The proposal aims to sustain Curve’s ecosystem amid broader headwinds.
Source: https://en.coinotag.com/breakingnews/curve-finance-eyes-17-45-million-crv-grant-to-swiss-stake-ag-for-llamalend-expansion-on-chain-forex-development-and-cross-chain-ui-upgrades
