CRV Governance Split as Curve Founder Proposes 17.45 Million CRV to Swiss Stake AG for Llamalend and On-Chain Forex
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COINOTAG News reported on December 24 that Curve Finance founder Michael Egorov proposed allocating 17.45 million CRV tokens (about $6.2 million) to Swiss Stake AG, Curve’s development arm, to fund ecosystem growth, technical research, and continued advancement of the lending protocol. Funds would back software, infrastructure, and a 25-strong core team.
Key objectives include launching Llamalend, enabling on‑chain forex, and refining Curve’s user interface and cross‑chain capabilities.
Voting results were divided: 54.46% opposed, 45.54% in favor. Notably, addresses from Yearn Finance and Convex Finance accounted for about 90% of opposing votes.
Some community members warned about governance centralization and urged Swiss Stake to disclose past fund use; others proposed a staggered payment approach to limit potential CRV price impact.