Curve founder Michael Egorov has pitched a 17.45 million CRV grant to bankroll Curve’s 2026 development roadmap — a move that would fund core engineering work, infrastructure, security and ecosystem support while sustaining a 25-person development team.
The proposal, posted to Curve DAO governance on Dec. 14, requests that the funds be awarded to Swiss Stake AG — the Zug-based firm that originally built Curve’s software and still maintains its codebase, though it operates independently from the DAO. If approved, the grant would begin in January 2026 and run for one year, mirroring the structure of a similar 2024 award that ended in August this year.
“This proposal requests a grant for software research and development work, as well as related activities for the continued benefit of Curve,” Egorov wrote in the proposal. He acknowledged that while Swiss Stake has established multiple revenue streams, they “do not yet make the company sustainable,” and argued the grant is necessary to keep core development moving.
Planned priorities for 2026
- Llamalend V2: Introduces admin fees payable to the DAO and expands supported collateral types.
- FXSwap: An on-chain foreign-exchange-style product aimed at low-volatility assets (examples include tokenized gold).
- crvUSD and lending systems: Continued development on Curve’s stablecoin and broader lending stack.
- Ongoing maintenance: Continued upkeep of Curve’s smart contracts, core repositories, security audits and infrastructure.
Governance, transparency and token use
- Any intellectual property developed with grant funds will be released under an open-source license compatible with Curve’s repositories.
- Swiss Stake AG will publish bi-annual, summarized spending reports and updates on initiatives to the governance forum.
- The firm may stake CRV not immediately required for operations in liquid locker platforms such as Convex and Yearn; any yield generated must be used in accordance with the grant terms.
Voting and market context
Voting on the proposal is open through Dec. 22, 2025; at press time, all participating votes were in favor. CRV’s price showed a modest bounce — up more than 3% from multi-week lows around $0.37 — though it remained down over the past seven days. The proposal arrives after a strong Q3 2025 for Curve: protocol revenue reportedly more than doubled quarter-over-quarter, accompanied by surges in DEX trading volume and stablecoin activity.
Disclosure: This article is for informational and educational purposes only and does not constitute investment advice.
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