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News Explorer — Uniswap Foundation Reveals It has $41 Million in Funds, Plans to Use $26 Million for Grants Ahead of Fee Vote

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May 27, 6:03 am
Unchained Crypto

Uniswap Foundation Reveals It has $41 Million in Funds, Plans to Use $26 Million for Grants Ahead of Fee Vote

The Uniswap Foundation has shared its financials for the first quarter, revealing that it holds $41.41 million in fiat currency and stablecoins, as well as 730,000 UNI tokens. The foundation plans to disburse $25.77 million through 2024 and 2025, with the majority going towards grants for protocol developers and governance. An onchain vote will determine whether the protocol fees will be activated, rewarding UNI token holders at the expense of liquidity providers.

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