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Uniswap Foundation discloses asset allocation and fund use plan before voting on fee rate switch
As the Uniswap community is about to vote on the proposal to enable protocol fees for V3 pools, the Uniswap Foundation has disclosed its financial status and funding plans in advance to increase transparency and provide necessary public information to community members.
As of March 31, 2024, the Foundation held $41.41 million in fiat cash and 730,000 UNI tokens. These assets will be used to fulfill grant commitments and support operational activities, with UNI tokens being used exclusively for a token reward program for employees. $UNI
In the next two years, 2024 and 2025, the Foundation plans to allocate $25.77 million in funds, of which $2.94 million has been reserved for previously committed grants. The remaining $12.7 million will be used to cover operating expenses. In the first quarter of 2024, most of the grants have been used to support protocol developers and governance work, while funds have also been allocated to areas such as innovation, research, and security.
As of March 31, 2024, the Foundation held $41.41 million in fiat cash and 730,000 UNI tokens. These assets will be used to fulfill grant commitments and support operational activities, with UNI tokens being used exclusively for a token reward program for employees. $UNI
In the next two years, 2024 and 2025, the Foundation plans to allocate $25.77 million in funds, of which $2.94 million has been reserved for previously committed grants. The remaining $12.7 million will be used to cover operating expenses. In the first quarter of 2024, most of the grants have been used to support protocol developers and governance work, while funds have also been allocated to areas such as innovation, research, and security.
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