The foundation plans to allocate $15 million every year in community grants to support DeFi initiatives. Uniswap a decentralized exchange (DEX) is currently holding an on chain vote to approve the portion of the $74 million allocated for its developer, the Uniswap Foundation.
As announced on September 27 the second portion, which includes a 10% to account for price fluctuations is approximately valued at $62 million. This amount will be determined through an on chain vote scheduled for October 4. If approved these funds will be used for expenses and research grants. The primary responsibilities of the Uniswap Foundation include improving core protocol performance promoting innovation and ensuring alignment with stakeholders vision for the DEX.
The development team has clarified their goals for the year; developing a software
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First found on: Uniswap Foundation Seeks On-chain Vote for $62M Funding
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