Uniswap DAO grants $46.2M to Uniswap Foundation

This funding is the second part of initial funding promised to the NGO following its establishment

article-image

Brian A Jackson/Shutterstock modified by Blockworks

share

Uniswap Foundation (UF), a non-profit dedicated to supporting the growth and decentralization of the popular Uniswap DEX, will receive $46.2 million from the Uniswap DAO after a funding vote passed quorum.

Upon establishment, the UF received an initial $20 million from the Uniswap DAO to cover significant operating expenses and one year’s worth of grants. With this vote, the Foundation will now receive the additional funds it was promised 6-12 months after its legal establishment. 

Uniswap v3 is the largest decentralized exchange by total value locked (TVL) today. Information on DeFiLlama shows it currently has a TVL of almost  $2 billion, with a daily transaction volume of roughly  $341 million

“Last year, Uniswap governance approved the creation and initial funding of the Uniswap Foundation. Today we are requesting the remainder of our initial funding to support our next 2 years of work ($46.2M),” the UF wrote in a proposal.

Read more: Uniswap community votes to create first-time foundation

The proposal, which is scheduled to end voting on Oct. 18, has already passed quorum with an overwhelming majority of uniswap (UNI) token holders voting in favor of handing $46.2 million to the UF.

The UF will be delegated the $46.2 million through a smart contract by the Uniswap DAO. This smart contract will ensure that the DAO has the ability to claw tokens back via an additional vote. 

Over the past year, the UF has been focused on providing grants to ecosystem participants. It has so far completed 40 grants and has committed an estimated $4.5 million to different projects, according to a post on X

Most notably, it assisted in the launch of Oku Trade and Oku API, a frontend designed to offer user experiences that match that of a centralized exchange. 

It was also involved in a partnership with Gauntlet to build a Dynamic Incentive Optimization engine to determine incentive strategies for automated market makers (AMMs).

Read more: What has Uniswap Labs cooked up for v4?

Following the receipt of the rest of its initial funding, the UF will be focused on growing projects that are building hooks on Uniswap v4, as noted in a forum post. 


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

Research Report Templates.png

Research

An overview of the Base Ecosystem, with a focus on market leaders.

article-image

Although bitcoin hitting $120k by year’s end is looking unlikely

article-image

About 270 million HYPE has been claimed, valued around $7.6 billion

article-image

Stanford professors David Mazières and Dan Boneh will lead the lab alongside a cohort of graduate student researchers

article-image

With more companies holding BTC, bitcoin yielding strategies could become “a new corporate finance norm,” CoinShares posed

article-image

The proposal comes after Polygon governance considered a controversial use of bridged liquidity for yield

article-image

Can the community balance its decentralized ethos with the need for inclusivity and constructive debate?