$62.37 Million For Ecosystem Growth

Key Points:

• Uniswap Foundation proposal seeks $62.37M for ecosystem growth, with an on-chain vote on Oct 4.
• UF aims for Uniswap as a self-sovereign Internet liquidity layer, fostering growth and innovation.

Uniswap Foundation proposal seeks $62.37M in funding for crypto ecosystem growth and development, with plans for on-chain voting on October 4.

The recent Uniswap Foundation proposal marks a significant step in the world of cryptocurrency. They are requesting a substantial $62.37 million in funding, and this request is scheduled for an on-chain vote on October 4.

• The remainder of the $74M of the initial request, considering we received $17.3M in Tranche 1, is $56.7M.
• We are adding a 10% buffer ($5.67M) in order to mitigate the price risk we experienced last year. The total equates to $62.37M.
• On the day we post our proposal, we will request our funds in UNI, in an amount determined by using a 30-day UNI/USD TWAP. That price, and its source, will be noted in the on-chain proposal.

Wrote in the proposal

Uniswap Foundation Proposal for Growth

Last year, Uniswap governance approved $74 million in funding for the Uniswap Foundation, with the intention of splitting the fund request into two tranches. The second tranche, which includes a 10% buffer to counteract price volatility, now totals $62.37 million. This decision bypasses off-chain votes, emphasizing transparency and decentralization.

To engage with the community and address questions, the Uniswap Foundation will host a Twitter Spaces event on October 2. Additionally, they offer a comprehensive overview of their progress over the past year, highlighting their team, grants, and program impact, as well as sharing their vision for the future.

Looking ahead, the Uniswap Foundation is committed to growing the Uniswap ecosystem strategically. They plan to invest in projects and teams that will drive growth and strengthen the ecosystem, including developing the Hooks ecosystem. Their initiatives extend through 2023 and into 2024, focusing on adoption, innovation, and governance.

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