Curve DAO votes against 17.45 million CRV funding plan, the community rejects the R&D fund allocation

2025-12-24 06:18:12

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【ChainNews】Curve DAO’s recent vote has attracted attention—the community ultimately vetoed a proposal to allocate 17.45 million CRV to Swiss Stake AG. These funds were originally intended for development support and the 2026 technology upgrade plan.

Looking at the voting data, the situation was quite close. Supporters received 45.54%, while opponents got 54.46%, with the gap not being very large. The quorum reached 41.45% (the threshold was only 30%), with a total of 141 voters exercising 719.63 million veCRV rights. Although the support vote percentage was close to the 51% passing line, it ultimately did not cross that threshold.

The details of this proposal are quite carefully designed—1-year token vesting period, DAO can pause or disable at any time, and tokens can also flow back into the DAO treasury. From a risk control perspective, the framework is fairly comprehensive. However, the community clearly has disagreements about the necessity of this expenditure.

Earlier, Curve’s founder mentioned this idea, reasoning that the development team needs funding security, and the technical roadmap must keep pace. But judging from the voting results, nearly half of the community members believe that the timing or approach still needs further discussion. This also well illustrates the characteristics of DAO governance—no matter how large the treasury or how important the proposal, ultimately, the community has the final say.

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MEVHunterNoLoss

· 15h ago

17.45 million CRV, just veto if you oppose. The community really isn't buying it this time. Swiss Stake AG really screwed up this time. No matter how the framework is improved, it can't escape the hurdle of "how the money is spent." It's the same story again. Even with 45% approval votes, it still fails in a majority vote. Web3 democracy is quite harsh. By the way, about R&D funding... Is it really lacking, or do they just want it? Feels like a question worth asking. The contract risk control is well done, but obviously the community just doesn't trust the team very much. What can be achieved with 17.45 million? That's probably what everyone cares about. Opposition votes only won by 9 percentage points. It's really hard to see a unified community voice in this vote. The 2026 upgrade plan might not be that urgent? Or maybe they just can't find a reason to support it. Curve's community voting is becoming more and more particular, isn't it?

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RetiredMiner

· 15h ago

17.45 million CRV can be cut at will. The community is still clear-headed this time; you can't just throw money around based on the risk control framework. --- Missed by 9 percentage points... It's really a pity, but since the majority disagrees, there must be a reason. --- Development funds are so tightly restricted. Can Curve be upgraded later? I'm a bit worried. --- Swiss Stake probably also feels confused. The framework design is so perfect yet still rejected, indicating the problem isn't in the details but in trust. --- 141 voters, 719 million veCRV. It's really interesting that the voting results are so close at this scale. --- If no money is provided, how will the 2026 technical upgrade proceed? Does the DAO really lack funds, or does it think the project isn't necessary? --- Community veto equals slapping Swiss Stake in the face, or is it purely an opinion on expenditure limits? --- I just want to know who cast the opposition votes. Such a critical decision must have insider information. --- It's good. Not all funding needs to be pushed hard; if the community says no, then it's no. This is what a DAO should look like. --- The figure of 17.45 million CRV is indeed a bit of a big move in the current bear market context.

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Web3ExplorerLin

· 15h ago

hypothesis: when you're 45.54% close to passing but still get rejected, it's basically the blockchain equivalent of almost crossing a bridge that collapses mid-way, yeah? 🤔 这voting结构本身就很有意思... interestingly enough, the risk controls都做得挺周全的，反而说明社区对的不是框架本身，而是对整个支出逻辑的质疑。from a game theory perspective讲，这可能暗示什么？

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MidnightSnapHunter

· 15h ago

45% approval rate... indicates that there are actually quite significant internal disagreements, not completely opposed to this matter. Swiss side must be feeling uncomfortable for a while; it seems DAO is really starting to be stingy? No matter how well the framework is designed, the community just doesn't trust it. Putting 17.45 million CRV into this, it still feels too risky. The vote is so close... it’s really just that the opposition has more objections. I just want to know how the next funding plan will be changed, have they learned to be smarter?

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CommunityJanitor

· 15h ago

17.45 million CRV was directly rejected, quite interesting. The community is really tense this time. Just 5 points short of passing, Swiss Stake must be feeling pretty bad. No matter how comprehensive the framework is, it can't withstand a trust crisis. Ultimately, it's a matter of confidence. However, with 54% of the votes against, it seems the community indeed has doubts about the necessity of this funding. This voting result is quite close; if a few more votes had gone the other way... could it have passed? Swiss Stake: Was our technical upgrade plan just rejected like that? It feels like DAO just loves to stall like this now. No matter how much money there is, it has to pass the community's test. No matter how good the framework is, it’s useless; CRV holders just aren’t convinced. 17.45 million, this amount will probably need to be reconsidered in the end.

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NFTArchaeologist

· 15h ago

17.45 million CRV said yes or no, the community still has quite some confidence in this wave Where is the promised technical upgrade? Without money, how do we proceed This voting data is actually quite interesting, almost passed... it was really just a tiny bit away No matter how well the framework is designed, it’s useless if people don’t trust it Swiss Stake AG might be a bit embarrassed this time, no matter how much they plead, they still got overruled by the DAO No worries, it’s not the first time being rejected anyway, Curve’s style is like that This time I see clearly, real power still lies in the hands of those with veCRV Honestly, 17.45 million CRV bought us "we call the shots," worth it I don’t know what adjustments will be made later, can it make it to the list? Feels like Swiss Stake needs to do their homework again... throwing money like this clearly isn’t sincere enough The majority opinion prevails, this democratic voting really is a numbers game

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