Uniswap Community Approves $165.5 Million Funding for Ecosystem Development
The Uniswap community has approved two governance proposals, securing a total of $165.5 million for the Uniswap Foundation to enhance ecosystem growth and sustainability.
- The funding includes $120.5 million, with $95.4 million for grants and $25.1 million for operational expenses.
- Key goals include optimizing liquidity across EVM chains and fostering DeFi innovation.
- A “fee switch” mechanism will be activated, allocating 65% of Unichain’s net revenue to validators and stakers.
- The foundation plans to initiate a Core Contributor Program to support protocol advancements.
- A request for $45 million in liquidity incentives was made, with funds managed via the Aera platform.
- Post-announcement, UNI value increased significantly, reflecting market confidence.
These developments position Uniswap for further expansion and reinforce its role in decentralized finance.