TL;DR
- The Uniswap Foundation has announced $3 million in new grants.
- The organization holds $36.81 million in cash and stablecoins, as well as 680,000 UNI tokens.
- For 2025, $26.12 million in grants and $10.69 million in operating expenses are budgeted.
In its Q2 2024 financial report, the Uniswap Foundation has revealed a significant allocation of resources to support new projects within its ecosystem.
With a $3 million grant allocation, the foundation seeks to foster innovation and development on its platform.
This investment is intended for projects that can contribute to the growth and expansion of Uniswap, ensuring that the platform continues to be a leader in the decentralized finance space.
As of June 30, 2024, the Uniswap Foundation held $36.81 million in cash and stablecoins, and 680,000 UNI tokens.
Cash and stablecoin funds will be used for grants and operating expenses, while UNI tokens are reserved for employee awards.
The funding forecast is designed to cover financial needs through the end of 2025, with a focus on maintaining a sustained and efficient workflow during this period.
During the second quarter of 2024, the Foundation committed $3.22 million in new grants and disbursed $2.48 million of previously committed grants.
As of the end of the first half, a total of $7.55 million in grants had been committed and $5.27 million had been disbursed.
These disbursements and commitments reflect the Foundation’s ongoing commitment to supporting projects and activities that benefit the Uniswap community.
In terms of operating expenses, the Foundation accrued $1.6 million in the second quarter of 2024, excluding UNI employee awards.
Uniswap Foundation Financial Summary and Expenses
As of June 30, 2024, total operating expenses were $2.63 million.
Additionally, the Foundation generated $0.19 million in additional income from dividends and interest during the second quarter.
Payroll expenses included salaries, benefits and taxes, while contract and professional fees encompassed legal, accounting, technical audit and consulting expenses.
Office expenses included internal team events, software, transaction fees, and other overhead.
Expenses were also incurred associated with external events, such as conferences and travel, as well as advertising and marketing.
As the Uniswap Foundation moves into Q3 2024, it will continue to share updates on its grant commitments and disbursements, operational expenses, and overall financial position.
The detailed 2023 report is also available for viewing, providing a comprehensive overview of the Foundation’s financial health and activities in the recent past.
