Uniswap Holds $36.81M in Cash and Stablecoins, Only 680K UNI Tokens
The Uniswap Foundation, a non-profit organization dedicated to promoting Uniswap’s growth, has unveiled its financial summary for the second quarter, revealing a lot of cash and stablecoins and not so many UNI tokens.
The report, published on August 7, revealed that the Uniswap foundation holds $36.81 million in cash and stablecoins, alongside a modest reserve of 680,000 UNI tokens.
These cash and stablecoin reserves are earmarked for grant-making and operational purposes, while the UNI tokens are allocated for employee incentives.
The foundation expects these funds to support its activities until the end of 2025, with $26.12 million designated for grants and $10.69 million for operational costs.
During Q2, the Uniswap Foundation approved over $3.2 million in new grants and distributed nearly $2.5 million from previously committed grants.
More recently, the company announced a grant allocation of $379,000 to Panoptic to build the gRHO platform, a v4 Liquidity Interface.
Prior to that, the company announced a $512,000 grant to Unit Zero Labs and Anthias Labs for the Uniswap Community Research Program, designed to drive research into the Uniswap ecosystem and broader DeFi landscape.
By June 30, the total committed grants for the year amounted to $7.55 million, with $5.27 million already disbursed.
Meanwhile, the foundation’s operating expenses for the quarter reached $1.6 million, with 8.2% directed towards advertising and marketing, 47.9% to payroll, and 35.2% to professional fees.
UNISWAP FOUNDATION DETAILS EXPENSE BREAKDOWN IN Q2 REPORT
– The @Uniswap Foundation, committed to transparency, shared its Q2 financials. They hold $36.81M in cash and stablecoins.
Key Details:
– Of the total funds, $26.12M is earmarked for grants. This
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