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. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 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.

Industry City | 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.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Featured.png

Research

Helium stands at a pivotal moment in its evolution as a decentralized wireless network, balancing rapid growth, economic restructuring, and global expansion. With accelerated growth in domestic DAUs and Hotspots supporting its network, Helium is leveraging strategic partnerships and innovative proposals to scale internationally. The recent implementation of HIP 138, “Return to HNT,” has unified its token economy under HNT, simplifying participation and strengthening liquidity, while HIP 139’s phase-out of CBRS refocuses efforts on scalable Wi-Fi offload. Meanwhile, governance shifts under HIP 141 raise questions about centralization as Nova Labs consolidates control over the roadmap.

article-image

Tokens worth 20% of the current supply of the TRUMP memecoin launched by the president are set to be unlocked tomorrow

article-image

A crypto-industry lawsuit is “moot” now that Joint Resolution 25 has been signed into law

article-image

Fed Chair Powell assured markets that the labor market is in “good place,” dependent on price stability

article-image

As uncertainty reigns, the Philly Fed manufacturing index fell to a multi-year low, but layoffs have slowed

article-image

Base launched two tokens as part of its ethos that everything can be tokenized, but the move sent Crypto Twitter reeling

article-image

The Arbitrum-based perps DEX recently launched its points campaign