Curve Finance founder Michael Egorov has put forward a proposal seeking approval for a 17.45 million CRV token grant aimed at supporting the long-term development of the Curve ecosystem.
Key Takeaways:
- Curve founder Michael Egorov has proposed a $6.6 million CRV grant to fund ecosystem growth.
- The funding would support Swiss Stake AG’s 2026 roadmap, including Llamalend upgrades.
- Swiss Stake AG remains reliant on DAO funding despite building early revenue streams.
At current market prices, the grant is valued at roughly $6.6 million and would be allocated to Swiss Stake AG, the core development company behind Curve.
Curve Founder Seeks Fresh Grant to Fund Development and Security
The proposal, published on the Curve DAO governance forum on Sunday, follows a similar grant approved in late 2024.
Egorov said the funding is intended to cover research, software development, infrastructure, and security work for Curve’s lending protocol, while also sustaining the firm’s contributor base.
“This grant will fund software research and development, infrastructure, security, and ecosystem support, ensuring that the 25-member team at Swiss Stake AG can continue its ongoing contributions to Curve,” Egorov wrote in the proposal.
According to the document, Swiss Stake AG has outlined a broad roadmap for 2026. Planned initiatives include launching and scaling a new version of Curve’s lending product, Llamalend, developing an onchain foreign exchange swap system, and improving the protocol’s user interface.
The proposal also references ongoing work around integrations, crosschain functionality, and governance tooling.
Egorov added that any intellectual property produced using the grant would be released under an open-source license compatible with Curve’s existing software repositories, aligning with the protocol’s open development model.
If the proposal is approved, Swiss Stake AG would be allowed to stake a portion of the CRV received to generate additional yield, though only within the boundaries set out in the proposal.
The firm also committed to publishing biannual reports detailing how the grant funds are spent.
The proposal highlights Swiss Stake AG’s ongoing push toward financial self-sufficiency.
While the firm has developed several revenue streams, including Curve Lite deployments on other networks and fees earned through staking veCRV via protocols such as Convex, StakeDAO, and Yearn, Egorov said these revenues remain insufficient to fully sustain operations.
“All such revenues have been used strictly in line with the purposes outlined in the grant,” Egorov said, adding that the company is still reliant on community support at its current stage.
Vitalik Buterin Says DeFi Is Ready to Compete With Banks
As reported, Ethereum co-founder Vitalik Buterin says decentralized finance has reached a stage where on-chain savings are no longer experimental and are beginning to rival traditional banking.
Speaking at a Dromos Labs event, Buterin said he is encouraged by DeFi’s progress in security, usability, and maturity, adding that more users and institutions could soon treat DeFi as a primary banking alternative.
Buterin argued the sector has shifted away from its early reputation for risky yield farming and frequent exploits.
While acknowledging recent incidents such as the Balancer hack, he said the gap between today’s DeFi ecosystem and the early 2020 era is “night and day,” citing stronger smart contract security and what he called the “walkaway test,” which ensures users can always independently recover their funds.
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