Curve Finance founder Michael Egorov has submitted a proposal requesting 17.45 million CRV tokens to fund ongoing development work. The grant would go to Swiss Stake AG, the company responsible for building and maintaining the protocol’s core infrastructure.
At current market rates, the allocation represents approximately $6.6 million in value. The proposal was published on Curve’s governance forum over the weekend and awaits community approval through the DAO voting process.
The funding request follows a similar grant that received approval in late 2024. Egorov stated the resources would cover multiple operational areas, including research, software development, infrastructure maintenance, and security initiatives.
Development Plans and Resource Allocation
Swiss Stake AG employs 25 team members who contribute to various aspects of the Curve ecosystem. The proposed grant would sustain this workforce while supporting several planned initiatives throughout 2026.
The company outlined an ambitious roadmap in the proposal documentation. Priority projects include launching an updated version of Llamalend, Curve’s lending protocol product. Development efforts will also focus on creating an onchain foreign exchange swap system designed to facilitate currency trading within the decentralized finance space.
User interface improvements represent another key focus area. The team plans to enhance the platform’s accessibility and usability for both experienced and new users.
Additional work will target crosschain functionality, allowing Curve to operate across multiple blockchain networks. Integration efforts with other protocols and governance tooling upgrades also appear in the development schedule.
Egorov emphasized that all intellectual property created using grant funds would be released under open-source licenses. This approach aligns with Curve’s existing development philosophy and ensures community access to protocol innovations.
Financial Sustainability and Revenue Streams
The proposal acknowledges Swiss Stake AG’s efforts to achieve financial independence. The company has developed multiple revenue sources over time, though these currently fall short of covering full operational costs.
Revenue generation comes from several channels. Curve Lite deployments on alternative blockchain networks provide one income stream. The firm also earns fees through staking veCRV tokens via partner protocols, including Convex, StakeDAO, and Yearn Finance.
Despite these revenue sources, Egorov confirmed the company remains dependent on community funding at this stage. All existing revenues have been applied toward purposes specified in previous grants.
Source: https://coinpaper.com/13106/6-6-million-grant-request-shocks-curve-community-is-the-protocol-in-trouble
