Curve Finance founder Michael Egorov has submitted a governance proposal seeking approval for a 17.45 million CRV token grant, valued at approximately $6.6 million, to fund the long-term development of the Curve ecosystem. The proposal, published on the Curve DAO governance forum on December 14, 2025, would allocate the funds to Swiss Stake AG, the core development company behind the protocol.
The grant is intended to cover research, software development, infrastructure, and security work, specifically for Curve's lending protocol, Llamalend. Egorov stated the funding would ensure the 25-member team at Swiss Stake AG can continue its contributions. "This grant will fund software research and development, infrastructure, security, and ecosystem support," Egorov wrote in the proposal.
Swiss Stake AG has outlined a broad roadmap for 2026, which includes launching and scaling a new version of Llamalend (v2), developing an on-chain foreign exchange (FX) swap system, and improving the protocol's user interface. The proposal also references ongoing work on integrations, cross-chain functionality, and governance tooling.
Egorov emphasized that any intellectual property produced using the grant would be released under an open-source license, aligning with Curve's development model. If approved, Swiss Stake AG would be allowed to stake a portion of the received CRV to generate additional yield, within specified boundaries. The firm also committed to publishing biannual reports detailing the use of funds.
The proposal highlights Swiss Stake AG's ongoing push toward financial self-sufficiency. While the firm has developed revenue streams—including Curve Lite deployments on other networks and fees from staking veCRV via protocols like Convex, StakeDAO, and Yearn—Egorov noted these revenues remain insufficient to fully sustain operations. "All such revenues have been used strictly in line with the purposes outlined in the grant," he said, adding that the company is still reliant on community support.
This proposal follows a similar grant approved in late 2024. The decision now rests with the Curve DAO, the decentralized collective of CRV token holders who govern the protocol.
