Curve DAO Rejects Swiss Stake's 17.45 Million CRV Allocation in Crucial Governance Vote

DegenApeSurfer · 2026-01-21T10:12:59+00:00

In December, the Curve DAO community voted against a proposal to allocate 17.45 million CRV tokens for development, receiving only 45.54% support, short of the required 51%. This rejection highlights concerns over funding allocations and emphasizes the community's stringent governance standards.

DegenApeSurfer

2026-01-21 10:12:59

Abstract generation in progress

In late December, the Curve DAO community voted against a significant funding proposal that would have directed 17.45 million CRV tokens to Swiss Stake AG for development purposes. The governance vote marks an important moment in the platform’s decision-making process regarding long-term resource allocation and ecosystem investments.

Voting Results: Support Falls Short of Required Threshold

The on-chain poll revealed a close but decisive outcome that prevented the proposal from passing. With 719.63 million veCRV participating in the vote across 141 voters, the community achieved a 41.45% quorum rate—exceeding the 30% minimum participation requirement. However, the support rate reached only 45.54%, falling short of the critical 51% approval threshold needed for the proposal to succeed. The opposing vote totaled 54.46%, reflecting notable resistance within the DAO to the funding allocation.

Proposal Details and Vesting Terms

The rejected proposal outlined a one-year vesting schedule for the 17.45 million CRV tokens, with built-in flexibility for the DAO to modify or suspend the arrangement at any time. This protective mechanism allowed the community to maintain control over the fund distribution and adjust course if circumstances changed. At the current CRV price of $0.37, these tokens represent approximately $6.47 million in value, underscoring the significant financial commitment the DAO was evaluating.

Context and Governance Implications

Earlier in December, Curve’s founder had proposed allocating the same 17.45 million CRV amount to support the platform’s research and development efforts alongside planned technology upgrades scheduled for 2026. The subsequent rejection suggests the community has reservations about either the funding amount, the recipient, or the broader allocation strategy. This decision reflects the DAO’s commitment to rigorous governance standards, where even substantial development proposals must secure broad consensus to advance.

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