Million

Coin

<ul class="wp-block-list news-points"> 
 <li>Curve Finance Founder Michael Egorov publishes a proposal for Swiss Stake AG’s funding program.</li> 
 <li>Swiss Stake seeks a grant of 21 million CRV tokens worth about $6.37 million.</li> 
 <li>The fund will be used for software research and development activities.&nbsp;&nbsp;</li> 
</ul> 
Recently, Curve Finance’s founder Michael Egorov <a href="https://gov.curve.fi/t/funding-proposal-for-swiss-stake-ag-the-company-building-curve/10204/1" target="_blank" rel="nofollow">released a proposal </a>on the official governance site seeking funds for Swiss Stake AG, Curve’s development company. While the community fund currently holds around 47,545,144 <a href="https://coinedition.com/crv-soars-36-inflation-reduction-and-community-drive-rally/">CRV</a> tokens, Swiss Stake AG seeks support from the token holders to receive a grant of 21 million CRV, worth about $6.37 million. 
Notably, the platform intends to use the grant exclusively for programs that significantly benefit the Curve ecosystem, including software research and development work. As of now, the company has employed more than 25 individuals or entities to be involved in research and developmental activities. 
As per the proposal, the grant would last for one year, and the remaining funds would be invested in similar activities in the next year. Without Curve’s consent, the fund is strictly prohibited from being utilized for any other purposes. In addition, it is mandated t…
The post <a href="https://coinedition.com/curve-finance-founders-proposal-21-million-crv-grant-for-swiss-stake/">Curve Finance Founder’s Proposal: 21 Million CRV Grant for Swiss Stake&nbsp;</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Curve Finance Founder’s Proposal: 21 Million CRV Grant for Swiss Stake

Coin Edition

Other articles published on Aug 20, 2024

Lido Finance Ventures Beyond Ethereum, Expands to BNB Chain

Bitcoin at a Critical Decision Point! According to Analysts, Two Critical Events This Week Could ...

New Solana Memecoin Trump’s Pussy Will Surge 18,000% Before Exchange Listings, While Shiba Inu an...

SBI Group Commercial Shows How XRP Will Take Over Bitcoin

Bitget integrates Apple Pay and Google Pay on its trading platform

PEXX Announces Strategic Acquisition of Chain Debrief

Join our free newsletter for daily crypto updates!