Curve DAO Rejects $6.2M CRV Grant Proposal

2025-12-23 21:06

Curve DAO has voted against a proposal to allocate a $6.2 million CRV grant intended for ecosystem growth and development. The proposal, put forward by founder Michael Egorov, sought to distribute 17.4 million CRV tokens to support development and infrastructure initiatives. However, 54.46% of voters opposed the allocation, with significant opposition from Yearn and Convex wallets. Despite the rejection of the grant proposal, the price of CRV experienced a 5.4% increase over 24 hours, reaching $0.377. This price movement highlights ongoing interest and activity in the CRV market, even amid governance challenges.

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