TechFlow news, December 24 — According to The Defiant, Curve DAO has rejected a governance proposal to allocate 17.4 million CRV tokens (approximately $6.2 million) to Swiss Stake AG, the core development company behind the decentralized exchange Curve Finance.
The proposal was submitted by Curve Finance founder Michael Egorov and aimed to fund the Swiss Stake team under his management for software development, infrastructure, security efforts, and ecosystem support. The voting results showed that 54.46% of participants opposed the proposal, while 45.54% supported it.
Voting data indicated that addresses associated with Yearn Finance and Convex Finance accounted for nearly 90% of the opposition. Community members commented on the forum that the proposal raised concerns about centralization, questioning whether Curve’s governance is overly reliant on a small group. Some members also suggested that Swiss Stake should provide clearer explanations regarding the use of previously allocated funds before any new funding is approved.
