The Curve community has voted to reject the "Appropriate 17.45M CRV for R&D and Team Support" proposal.

**Curve Finance CRV Allocation Proposal Fails in Governance Vote** On December 24th, Curve Finance founder Michael Egorov proposed allocating 17.45 million CRV tokens (valued at roughly $6.2 million) to Swiss Stake AG—Curve’s development company—for ecosystem growth, technical research, and ongoing updates to the lending protocol. The funds were earmarked for three key uses: software development, infrastructure and security upgrades, and supporting Swiss Stake’s core team of ~25 contributors. Planned goals included launching and scaling the new lending system Llamalend, building on-chain forex functionality, and refining Curve’s user interface (UI) and cross-chain capabilities. However, the proposal failed in voting: 54.46% of participants rejected it, while 45.54% backed it. Data shows nearly 90% of opposing votes came from addresses tied to two major DeFi protocols—Yearn Finance and Convex Finance. Community members raised critical concerns: - Fears of centralization, questioning whether Curve’s governance leans too heavily on a small group of individuals. - Calls for Swiss Stake to detail past fund usage before new allocations are approved. - Noting significant protocol funds have already been allocated, some suggested future disbursements be made via “staggered payments” to avoid negative impacts on CRV’s price.