Curve founder proposes to allocate 17.45 million CRV, but is opposed: Yearn and Convex related addresses lead the opposition votes

【Curve Finance】Founder Michael Egorov recently proposed a fund allocation plan to distribute 17.45 million CRV tokens (approximately $6.2 million) to the development company Swiss Stake AG for ecosystem development, technical research, and iteration of lending protocols. According to the plan, these funds will be allocated to software development, infrastructure and security, and support for Swiss Stake AG’s core team of about 25 members. The proposal outlines several development directions: launching and expanding the new lending system Llamalend, developing on-chain foreign exchange exchange features, and enhancing Curve’s UI experience and cross-chain interoperability.

However, the voting results were somewhat surprising—54.46% of participants voted against, while only 45.54% supported. Interestingly, data shows that addresses related to Yearn Finance and Convex Finance almost monopolized 90% of the opposition votes, which drew market attention.

The community engaged in intense discussions around this proposal. Some pointed out that a few large holders could significantly influence voting outcomes, exposing potential centralization risks in Curve governance. Others suggested that before approving new fund allocations, Swiss Stake should be more transparent about how previous funds were used. Additionally, some proposed that since a large amount of funds has already been injected into the protocol, it might be better to pay in installments, which could reduce potential pressure on the CRV price and give the community more time for oversight.