Uniswap Foundation Reveals It has $41 Million in Funding
The Uniswap Foundation has disclosed that it holds $41.41 million in fiat cash and stablecoins on hand, with an estimated runway through the end of 2025. The foundation plans to use the fiat currency and stablecoins for grant commitments and operating activities, while the 
UNI tokens are earmarked for employee token awards. The foundation plans to disburse $25.77 million through 2024 and 2025, with $2.94 million reserved for grants previously committed and $12.7 million for operating expenses. The majority of grant disbursements in Q1 have gone towards protocol developers and governance, with the rest being allocated to innovation, research, and security.
The disclosures come ahead of an onchain vote to upgrade the protocol so its fee mechanism can rewardUNI token holders that have staked and delegated their tokens. Activating a fee switch will mean that UNI holders are better off at the expense of the protocol's liquidity providers, who have earned fees levied on token swaps so far. The fee switch proposal's authors expect that the new mechanism will incentivize more active delegation and build more engagement in the governance process. However, previous proposals to activate the fee switch have failed to pass on prior occasions. If the May 31 vote results in a different outcome, fees won't be turned on immediately.
Technical Outlook
Uniswap native token (UNI) is down 0.65% down from an overbought territory currently having a Relative Strength Index (RSI) of 72.11 which is poised for further decline.
UNI tokens are earmarked for employee token awards. The foundation plans to disburse $25.77 million through 2024 and 2025, with $2.94 million reserved for grants previously committed and $12.7 million for operating expenses. The majority of grant disbursements in Q1 have gone towards protocol developers and governance, with the rest being allocated to innovation, research, and security.The disclosures come ahead of an onchain vote to upgrade the protocol so its fee mechanism can reward
UNI token holders that have staked and delegated their tokens. Activating a fee switch will mean that UNI holders are better off at the expense of the protocol's liquidity providers, who have earned fees levied on token swaps so far. The fee switch proposal's authors expect that the new mechanism will incentivize more active delegation and build more engagement in the governance process. However, previous proposals to activate the fee switch have failed to pass on prior occasions. If the May 31 vote results in a different outcome, fees won't be turned on immediately.Technical Outlook
Uniswap native token (
UNI) is down 0.65% down from an overbought territory currently having a Relative Strength Index (RSI) of 72.11 which is poised for further decline.
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