<\/p>\n
The foundation behind crypto\u2019s leading decentralized exchange (DEX) is disclosing its crypto assets as a governance vote for a new fee mechanism approaches.<\/p>\n
In a new\u00a0blog post<\/a>, the Uniswap Foundation has shared its 2024 first-quarter financials in a show of transparency with the Uniswap (UNI<\/a>) token-holding community.<\/p>\n \u201cOn March 31, 2024 we had $41.41 million in USD and stables on hand and UNI 0.73 million (in UNI). The fiat (USD) cash and stables\u00a0are to\u00a0be used\u00a0for grant-making and operating activities\u00a0and\u00a0the UNI for employee token awards. The expected runway was through the end of 2025 and\u00a0was earmarked\u00a0as follows.<\/em><\/p>\n Grants commitments and incentives: $25.77 million to be disbursed in 2024 and 2025. $2.94 Million was reserved for grants committed previously, to be disbursed. The remaining $12.7 million was to be used to fund operations expenses through the end of 2025.\u201d<\/em><\/p>\n The anouncement expands on how the Uniswap Foundation has committed over $4 million in grants, in addition to disbursing nearly $3 million in committed grants. The financial summary also shows that the Foundation incurred $1.03 million in operating expenses.<\/p>\n The financial revelations come as a\u00a0Uniswap community<\/a> governance vote regarding a potential new autonomous fee collection system approaches this Friday, May 31.<\/p>\n The proposal features a novel mechanism for future votes which aims to make fee adjustments more dynamic, reduce the burden on Uniswap Governance and to maintain the protocol\u2019s \u201ccredible neutrality.\u201d<\/p>\n The Uniswap Foundation first\u00a0introduced the new fee mechanism to the community\u00a0back in February\u00a0to boost UNI token holders\u2019 participation in governance votes.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/Elena11\/chanchai howharn<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The foundation behind crypto\u2019s leading decentralized exchange (DEX) is disclosing its crypto assets as a governance vote for a new fee mechanism approaches. In a new\u00a0blog post, the Uniswap Foundation has shared its 2024 first-quarter financials in a show of transparency with the Uniswap (UNI) token-holding community. \u201cOn March 31, 2024 we had $41.41 million […]<\/p>\n","protected":false},"author":2,"featured_media":193649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-311172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=311172"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311172\/revisions"}],"predecessor-version":[{"id":311180,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311172\/revisions\/311180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/193649"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=311172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=311172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=311172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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