Curve DAO Rejects 17.45 Million CRV Allocation in Critical Year-End Governance Decision

RugResistant · 2026-01-28T07:11:09+00:00

The Curve DAO community voted against a proposal to grant 17.45 million CRV to Swiss Stake AG, reflecting a cautious approach to resource allocation. With 54.46% opposing the grant, this decision highlights the growing oversight within the DAO as it navigates governance challenges.

RugResistant

2026-01-28 07:11:09

Abstract generation in progress

In a significant governance moment, the Curve DAO community voted down a substantial token grant at year-end. The proposal to award 17.45 million CRV to Swiss Stake AG, designed to support development efforts, fell short of the required support threshold, marking an important check on resource allocation within the decentralized platform.

The Proposal and Voting Breakdown

Swiss Stake AG had requested 17.45 million CRV under a one-year vesting schedule—meaning the tokens would be released gradually rather than in a single distribution. Notably, the DAO retained the ability to suspend or disable the arrangement at any time, with all tokens reverting to DAO control if needed. The technical implementation involved the contract function deploy_vesting_contract, with the token address at 0xD533…cd52 and the recipient wallet at 0x96D0…11a2B. The vesting timeline was set for 31,536,000 seconds (approximately one year).

The voting results revealed close sentiment: 45.54% supported the grant, while 54.46% opposed it. The proposal achieved 41.45% quorum participation—exceeding the 30% threshold—but failed to reach the required 51% support level. With 719.63 million veCRV voting power represented by 141 distinct voters, the community’s decision was decisive: the grant was rejected.

Market Context and Token Performance

At the time of this decision, CRV was trading at $0.35 with a 24-hour movement of +0.63%. The token’s 24-hour trading volume stood at $1.36 million, while the protocol maintained a flowing market capitalization of $511.94 million. These metrics provide context for understanding the scale of the proposed 17.45 million token allocation relative to market dynamics.

Broader Governance Implications

Earlier in December, Curve’s founder had advocated for allocating these tokens to support a dedicated R&D team and major technology upgrades planned for 2026. The community’s rejection of this proposal signals the DAO’s cautious approach to large token distributions, even when proposed by core team members. This governance pattern reflects a maturing ecosystem where token holders exercise significant oversight over resource deployment.

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