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Uniswap Foundation Secures Approval for $172 Million Funding

Uniswap Foundation Secures Approval for $172 Million Funding

The Uniswap DEX community has voted in favor of two governance proposals to allocate approximately $172 million in UNI tokens to the newly established Uniswap Foundation (UF) funds.

A joint initiative by UF and fintech company Gauntlet to support liquidity incentive programs on the Unichain network and the Uniswap v4 protocol received 83.6% of the votes in favor.

Funds amounting to nearly 7.6 million UNI (~$51.3 million) will be directed to a specially created Aera vault.

The second proposal involved allocating $95.4 million to the UF grants budget, along with $25.1 million for implementing “strategic priorities” over two years.

Based on the current exchange rate, the request amounts to approximately 17.8 million UNI. It was approved by 85.6% of the votes.

The funds will be used to develop the Uniswap and Unichain ecosystems. Plans include creating a comprehensive developer platform under the Core Contributor initiative, new tools such as conditional funding markets, and “much more.”

Back in February, the U.S. Securities and Exchange Commission closed its investigation into Uniswap Labs, the company behind the centralized exchange.

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