The Uniswap Foundation has requested $62.37 million in funding to continue its support for the Uniswap ecosystem’s growth. This follows last year’s request for $74 million to create the Uniswap Foundation, which was approved by a governance vote. The funds were split into two tranches, with the second tranche to be requested via an on-chain vote.
To mitigate the risk of price volatility, the Uniswap Foundation is requesting a 10% buffer of $5.67 million to be added to the remaining $56.7 million from the $74 million granted. This brings the total requested amount to $62.37 million, with an on-chain vote scheduled for Wednesday, October 4.
The funds will be used to support the Uniswap ecosystem, split into two categories: operations and grants. The funds will be used for employee compensation packages, developer assistance, a 6-month runway of cash, and investments in low-risk yielding assets.
We encourage readers to reach out to Devin Walsh, the Executive Director and co-founder of Uniswap Foundation, for more information.
