The Uniswap Foundation has proposed a $62.37 million fund allocation, and an on-chain vote is scheduled for Oct. 4 to decide on it.

These funds are intended to strengthen various aspects of the Uniswap ecosystem, including developer support and research initiatives.

The foundation also mentioned plans to expand its Hooks ecosystem, designed for Uniswap v4, in the future.

The upcoming vote is significant for Uniswap. The protocol is one of the largest decentralized exchanges (DEXs) by total value locked (TVL), DeFiLlama data shows.

Unlike last year’s $74 million funding, this year’s proposal includes a 10% buffer to protect against market fluctuations.

To ensure transparency, there will be a Twitter Spaces session on Oct. 2 to answer any questions regarding the proposal.

Uniswap’s Oku Trade platform has had 3,000 wallet interactions and 56,000 unique visitors since July. Partnerships, like the one with Gauntlet, aim to improve incentives and fees.

The research Institute has received 107 applications for its DeFi fellowship.

Additionally, 65 new delegates are participating in Uniswap’s governance initiatives.

Go to Source to See Full Article
Author: Mohammad Shahidullah

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details