Curve Founder Proposes $6.37M CRV Grant to Swiss Stake for Curve Development

IconCryptoNewsTerminal Staff19 Aug, 2024

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Curve Founder Proposes $6.37M CRV Grant to Swiss Stake for Curve Development

Michael Egorov, founder of decentralized exchange Curve, recently proposed a community proposal to allocate 6.37 million dollars worth of CRV tokens to Swiss Stake, an entity closely affiliated with Curve, according to U.Today. Swiss Stake is a team of around 25 individuals and entities that contribute to the development and maintenance of Curve, directly and indirectly. If approved, the grant will be used to fund Swiss Stake's continued work on Curve-related projects, including protocol development, security audits, and community management. The proposal is currently under review by the Curve community and is expected to be voted on in the coming weeks.

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