Curve Finance founder Michael Egorov has put forward a proposal for a 17.45 million CRV token grant aimed at supporting ecosystem growth, research, and technical development for the lending protocol.
Valued at roughly $6.6 million at current prices, the grant would be awarded to Swiss Stake AG, the company behind Curve, following a similar grant issued in late 2024.
In a proposal posted Sunday on the Curve DAO governance forum, Egorov outlined that the funds would back a variety of technology and security improvements, as well as sustain the protocol’s contributor team.
“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 said.
He also shared an extensive roadmap for Curve in 2026, including launching and scaling a new version of its lending platform, Llamalend, developing an on-chain foreign currency swap, and enhancing Curve’s user interface.
“This proposal seeks to continue funding the development and maintenance of Curve’s smart contract ecosystem and software repositories, support further integrations, cross-chain functionalities, and UI improvements, and strengthen the governance and operational infrastructure of Curve DAO,” Egorov added.
The firm also plans to release any intellectual property created using the grant under an open-source license compatible with Curve’s software repositories. If approved, Swiss Stake AG would be allowed to stake a portion of the CRV grant to generate additional yield for its ventures, but the funds cannot be used for purposes outside those outlined in the proposal. The company has pledged to provide bi-annual reports detailing how the grant is spent.
Swiss Stake AG aims for self-sustainability
Egorov noted in the proposal that while Swiss Stake AG has developed several revenue streams through CRV, it “remains largely dependent on community support to continue its work.”
The funding is intended to sustain the team as it expands the Curve ecosystem and works toward self-sufficiency.
“Swiss Stake AG has managed to establish some ancillary income streams, mainly through Curve Lite deployments on other networks. We have also earned system fees by staking veCRV via wrapper protocols such as Convex, StakeDAO, and Yearn as a minority participant,” Egorov said.
“All such revenues have been used strictly in line with the purposes outlined in the grant. However, this revenue does not yet make the company sustainable at this stage,” he added.
Founded in early 2020, Curve Finance currently has a total value locked (TVL) of around $2.2 billion, making it the 21st-largest DeFi protocol, according to DefiLlama.
