Curve Finance Founder’s Proposal: 21 Million CRV Grant for Swiss Stake AG
Curve Finance’s founder, Michael Egorov, has put forward a proposal seeking funds for Swiss Stake AG, the development company behind Curve. The community fund currently holds approximately 47,545,144 CRV tokens, and Swiss Stake AG is requesting a grant of 21 million CRV, valued at around $6.37 million.
The grant would be exclusively used for initiatives that significantly benefit the Curve ecosystem, particularly software research and development work. Swiss Stake AG has already assembled a team of more than 25 individuals and entities to contribute to these activities.
The proposed grant would span one year, with any remaining funds to be invested in similar activities in the subsequent year. It is strictly forbidden to use the fund for any other purposes without Curve’s consent. Furthermore, if a portion of the fund cannot be utilized according to the project’s guidelines, it must be returned to Curve DAO.
Recently, Egorov expressed his commitment to “building Curve more than ever” in a post. He mentioned being motivated by the vote-escrow (ve) CRV tokens and their game theory incentives.
Curve Finance’s official account highlighted Swiss Stake’s achievements since its establishment on X. These accomplishments include the invention of a stable swap, metapools, and LLAMMA, the launch of the curve.fi website, the development of the DAO system, and more.
Please note that the information provided in this article is for informational and educational purposes only and should not be considered financial advice. Coin Edition is not liable for any losses incurred as a result of actions taken based on the content mentioned. It is advisable to exercise caution and independent judgment.