Key Insights
- Egorov proposes a $17.45M CRV grant to fund Curve lending and infrastructure work.
- Curve plans Llamalend Cross-chain integrations and expansion onchain FX swaps.
- The grant is aimed at Swiss Stake AG to fund developers’ security upgrades and the development of new products.
Curve Finance founder Michael Egorov has submitted a proposal to allocate $17.45 million CRV tokens to support the ongoing development of the protocol’s lending and infrastructure stack.
At an estimated value of approximately $6.6 million at current market prices, the grant was announced on the Curve DAO governance forum and is aimed at Swiss Stake AG, the founding firm of Curve.
https://twitter.com/CurveFinance/status/2000345269435863322
The request was submitted to the Curve DAO forum on Sunday and follows a similar grant approved in late 2024. Egorov stated that the funding would allow Swiss Stake AG to maintain its contributor base and continue development work tied to Curve’s core infrastructure.
Funding Focus Shifts to Lending and Infrastructure
According to the proposal, the grant would finance ongoing software research and technical development, as well as infrastructure and security improvements related to Curve’s lending operations. The funds would also support ecosystem initiatives and help retain Swiss Stake AG’s 25-member contributor team.
Egorov stated that the grant is intended to ensure continuity of development as Curve expands its lending offerings. The document frames the funding as necessary to maintain operational capacity while new products and upgrades move toward production.
In addition to that, Swiss Stake AG outlined a 2026 roadmap that emphasizes scaling a new version of Curve’s lending product, Llama lend. It is also planned to create an on-chain system for foreign exchange swaps and to enhance the user interface.
Additional projects include further integrations, advanced cross-chain support, and enhanced governance tools.
Open-Source Commitments and Staking Conditions
Any intellectual property produced through the grant would be released under an open-source license compatible with Curve’s existing codebase. The proposal links that requirement to Curve’s long-standing open development approach.
Furthermore, Egorov stated that all revenue earned so far has been applied strictly to development-related costs, leaving the firm dependent on continued DAO support at its current stage. To address accountability concerns, Swiss Stake AG has committed to publishing biannual reports detailing the use of grants, should the proposal be approved.
Additionally, if approved, the proposal would enable the Swiss Stake AG to stake a small portion of the CRV allocation to get yield, within the confines of governance. The company is also committed to issuing annual reports on the allocation and expenditure of grant funds.
