Coinspeaker
Uniswap Foundation Seeks $62M in Funding
Decentralized exchange (DEX) Uniswap is set to vote on additional funding for its developer, Uniswap Foundation. That is according to a September 27 announcement by the DEX.
Uniswap is hoping that the vote will help secure approval for the disbursement of an estimated $62 million to Uniswap Foundation.
Recall, however, that the DEX had previously raised $17.3 in the first round of a $74 million funding that was mapped out for its developer. So, expectations are that the second tranche would raise the remaining $56.7 million or thereabouts. Interestingly, however, the second tranche now appears to have added an extra 10% to cushion the effect of price volatility, making it $62 million in total. The on-chain vote for the approval of the fund is slated to take place on October 4.
Uniswap Foundation Reveals Its Plans for the Fund
The developers behind Uniswap DEX have claimed that once approved, the fund will focus on decentralized finan
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