The Curve community has voted against the proposal to allocate 17.45 million CRVs for research and development and team support.

According to Mars Finance, on December 24th, Curve Finance founder Michael Egorov proposed allocating 17.45 million CRV tokens (approximately $6.2 million) to Swiss Stake AG, the company developing Curve, to support ecosystem development, technology research and development, and the continued development of lending protocols. Egorov stated that the funds will be used for software development, infrastructure and security construction, and to support Swiss Stake AG's core contribution team of approximately 25 people. Planned goals include launching and expanding the new version of the lending system Llamalend, developing on-chain foreign exchange functionality, and optimizing Curve's user interface and cross-chain capabilities. However, the voting results showed that 54.46% of participants opposed the proposal, while 45.54% expressed support. Voting data showed that addresses associated with the two major DeFi protocols, Yearn Finance and Convex Finance, accounted for almost 90% of all opposing votes. Some community members expressed concerns about centralization raised by the proposal, questioning whether Curve's governance relies too heavily on a small group of people. Other members suggested that Swiss Stake should provide a better explanation of how past funds were used before approving any new funding. Curve community members also argued that past grants have already allocated a significant portion of the agreement's funds, and further grants could be "phased out" to avoid negatively impacting CRV prices.