BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Uniswap Seeks Funding Approval to Bolster Development and Research Initiatives

BlockNews Team by BlockNews Team
September 30, 2023
in BUSINESS, DEFI, MEDIA
Reading Time: 3 mins read
1
SHARES
10
VIEWS
Share on XShare in TelegramShare 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.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: DEXUniswapUniswap Foundation
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React
BUSINESS

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React

September 17, 2025
TRON Price Eyes Breakout After Reclaiming Key Support
CRYPTO

TRON Price Eyes Breakout After Reclaiming Key Support

September 17, 2025
Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup
CRYPTO

Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup

September 16, 2025
Is Pudgy Penguins the Next Big Memecoin? PENGU Eyes $0.040 After Supply Burn
CRYPTO

Is Pudgy Penguins the Next Big Memecoin? PENGU Eyes $0.040 After Supply Burn

September 16, 2025
Avalanche Price Struggles Near $30 as ETF Buzz Builds Momentum
CRYPTO

Avalanche Price Struggles Near $30 as ETF Buzz Builds Momentum

September 16, 2025
Will Chainlink (LINK) Flip Cardano and Tron? Price Nears $30 With Tesla-Like Momentum
CHAINLINK

Will Chainlink (LINK) Flip Cardano and Tron? Price Nears $30 With Tesla-Like Momentum

September 16, 2025
Load More

Related News

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum

September 17, 2025
ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch

ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch

September 17, 2025
Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company

Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company

September 17, 2025
Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?

Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?

September 17, 2025
Here is How Ripple’s XRP Turned $1,000 Into $5,000 in Just One Year – Can It Happen Again?

Here is How Ripple’s XRP Turned $1,000 Into $5,000 in Just One Year – Can It Happen Again?

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

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

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews