2025-12-25 11:22:08

Curve's development funding proposal was recently rejected, with the 17 million CRV requested by Swiss Stake AG being blocked. Both leading protocols Convex and Yearn cast opposition votes. What does this rejection signify?

Since the disturbance in Aave governance, the market has become more serious about DeFi project funding allocation. The previous inertia of "if you want money, just give it" is being broken. There are two core issues behind the failure of the Curve proposal worth noting: first, the community's scrutiny of development budgets has become more rigorous; second, the voting power of major players like Convex and Yearn is redefining the balance of governance.

This reflects a deeper change—the DeFi ecosystem is undergoing a maturity upgrade in governance, shifting from passive acceptance to active review, from single voice to multi-party checks and balances.

CRV4.41%

AAVE2.84%

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AltcoinMarathoner

· 5h ago

ngl, curve's governance taking a real hit here. been accumulating since the early days, but this is just mile 20 in the marathon—community finally learned to say no. convex and yearn flexing their voting power... interesting times for checks and balances.

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SellTheBounce

· 5h ago

Is governance mature? I think it's just the big players starting to band together to hold power hostage. Convex and Yearn oppose it; it's nothing more than a power game, having little to do with democratization.

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orphaned_block

· 5h ago

17 million CRV blocked? Convex and Yearn's joint move is really fierce, DeFi governance is finally no longer a rubber stamp --- Honestly, this is more like proper decentralized governance should look, much better than the previous style where money could just buy approval --- Wait, with such a big voting power in the big wallet, is this still decentralization? Feels like another form of centralization... --- Swiss Stake probably deserved the rejection this time; their funding proposal was poorly written --- After the wave with Aave, the entire DeFi space has awakened, finally someone dares to say No --- Multi-party checks and balances sound good, but holding so much voting power in Convex still makes me feel uneasy --- Oppose if you want, at least the community is starting to get serious, which is a good sign --- 17 million CRV, what will happen to this money after it’s blocked back? Does anyone care? --- Curve took a hit this time, other projects are probably watching; the next one to propose funding will need to think carefully about their pitch

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