BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Uniswap Seeks Funding Approval to Bolster Development and Research Initiatives

by BlockNews Team
September 30, 2023
in Business, DeFi, Media
A A
Uniswap Foundation Proposes Changes To Crypto DEX’s Governance, Voting Processes
1
SHARES
Share on TwitterShare on Reddit
  • Uniswap is aiming for a $62 million funding injection for its Uniswap Foundation.
  • If approved, funds will be directed towards daily operations and research grants.
  • The Uniswap Foundation recently achieved nonprofit 501(c)4 status after the initial funding.

Uniswap, a widely recognized decentralized exchange, has put forth a proposal for a $62 million funding increase dedicated to its developmental wing, the Uniswap Foundation. This recent funding proposal follows up on an earlier $74 million funding plan.

Scheduled for October 4, this on-chain voting procedure is crucial to deciding whether the Uniswap Foundation can lay claim to the remaining $62 million. To brace for potential price shifts, a reserve of an extra 10% has been considered.

The Uniswap Foundation’s contribution is undeniably significant. The Foundation leads the charge in growing essential metrics of the protocol, paving the way for inventive solutions, and guaranteeing the interests of the decentralized exchange’s stakeholders are in sync.

For the upcoming year, the development team has outlined a detailed plan. They’re focusing on the design of a software toolkit designed especially for Uniswap v4, while also overseeing its future transition. For these objectives, they were formerly granted $17.3 million from the primary funding portion. Splitting the funding was a strategic choice, allowing the foundation the necessary duration to set up its legal structure and secure the nonprofit 501(c)4 designation. During the spring season, the development team verified they met these milestones, making it possible for them to qualify for a larger sum.

Recent financial data disclosed by the Uniswap Foundation showcased that in the year gone by, they allocated $4.8 million towards research-focused grants. Additionally, $3.15 million was spent on daily functioning, while a $1.29 million reduction was noted, attributed to a market decrease in the worth of UNI tokens. Moreover, the Foundation detailed that from the funds they received, a balance of $53.2 million is still untouched. They project a yearly allocation ranging from $10 to $15 million, forecasting a step-by-step uptick in the yearly funds’ release.

Moving forward, Uniswap’s developers have charted an extensive roadmap for the next year, with a significant emphasis on creating a specialized software toolkit for Uniswap v4 and ensuring its smooth transition. After successfully meeting milestones, including the establishment of a legal entity and attainment of the nonprofit 501(c)4 status, the team is poised to leverage increased funding. Recent financial statements indicate judicious spending in the past year, with reserves for strategic allocation in upcoming years.

Uniswap in a Nutshell

Uniswap, a blockchain-based decentralized exchange, facilitates direct cryptocurrency transactions between users, eliminating the need for central oversight or third parties. As part of its mission, Uniswap positions itself as the driving force behind an autonomous internet’s financial transactions, offering a frictionless alternative to conventional finance structures that often deploy intermediaries. 

Integral to the burgeoning DeFi landscape, Uniswap continues its dedication to solidifying its influence in this sector. In a recent development, the Uniswap Foundation, responsible for guiding the platform’s progress, has presented a funding proposal to secure $62 million, marking the subsequent phase of a comprehensive $74 million funding objective. This financial appeal has emerged concurrently with a decline in the value of Uniswap’s proprietary token, UNI, which has reached its lowest price point to date.

Tags: DEXUniswapUniswap Foundation
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Cardano Transactions Surge: ETF Buzz Pushes ADA Toward Possible Breakout
Cardano

Cardano Transactions Surge: ETF Buzz Pushes ADA Toward Possible Breakout

May 28, 2025
Solana Co-Founder’s Data Leaked in Failed Extortion Stunt
Crypto

Solana Co-Founder’s Data Leaked in Failed Extortion Stunt

May 28, 2025
Altcoins Steal the Show as Bitcoin Stalls Near Key Support—Here are the Coins You Need to Watch Right Now
Crypto

Altcoins Steal the Show as Bitcoin Stalls Near Key Support—Here are the Coins You Need to Watch Right Now

May 27, 2025
TRON’s $600B USDT Milestone Signals Something Bigger Brews Beneath the Surface
Crypto

TRON’s $600B USDT Milestone Signals Something Bigger Brews Beneath the Surface

May 27, 2025
SUI vs SEI: A Tale of Two Chains With Very Different Vibes
Crypto

SUI vs SEI: A Tale of Two Chains With Very Different Vibes

May 27, 2025
BNB Edges Up as Network Activity Booms — What’s Next?
Binance BNB

BNB Edges Up as Network Activity Booms — What’s Next?

May 26, 2025
Load More

Related News

Sui Price Staging for Breakout, Say Analysts: How High Can Price Go?

Sui Price Staging for Breakout, Say Analysts: How High Can Price Go?

May 30, 2025
Avalanche Eyes Key Breakout Zone: Is $32 the Next Stop?

Avalanche Eyes Key Breakout Zone: Is $32 the Next Stop?

May 30, 2025
GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.