A proposal to allocate 17 million CRV tokens to Swiss Stake AG was rejected by Curve's governance, with significant opposition from Convex and Yearn. The vote highlighted ongoing tensions regarding funding transparency and control within the community. While some members supported the initiative, they demanded clearer accountability measures.
The proposal, which aimed to fund projects such as llamalend and crvUSD, faced resistance from large veCRV holders concerned about token dilution. This decision underscores the centralization of decision-making power among major token holders within the veCRV governance model.
Curve's 17M CRV Grant Proposal Rejected Amid Governance Tensions
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