Curve DAO Rejects 17.4M CRV Grant Proposal to Swiss Stake

iconAiCoin
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Curve DAO rejected a governance proposal to allocate 17.4 million CRV tokens (about $6.2 million) to Swiss Stake AG. The vote saw 54.46% against and 45.54% in favor. Yearn and Convex addresses made up nearly 90% of the opposition. Critics raised what is seen as centralization risks and asked for more transparency on past fund use.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.