Uniswap Foundation's official release of its unaudited quarterly financial summary for the year ending March 31, 2024 stated that as of Q1, it held 41.41 million USD and stablecoins (approximately 40.47 million USD, 750,000 DAI, 180,000 USDC), as well as 730,000 UNI. Fiat currency (USD) and stablecoins will be used for funding and operational activities, and UNI will be used for employee token rewards. The expected use of funds will continue until the end of 2025, with the following distribution:
Grant commitments and incentives: $25.77 million will be awarded in 2024 and 2025. $2.94 million reserved for previously committed grant disbursements.
The remaining $12.70 million will be used to fund operating expenses through 2025.
Uniswap Foundation: 41.41 million USD and stablecoins as of Q1, and 730,000 UNI
2024-05-25 15:26:03
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