Uniswap, a decentralized exchange (DEX), is requesting an on-chain vote to approve the second tranche of funding worth an estimated $62 million for its developer Uniswap Foundation. The vote will take place on October 4 and includes a buffer of 10% for price volatility. If approved, the funds will be used for operations and research grants to grow core protocol metrics and align incentives for stakeholders of the popular DEX. The funding request was split in two to allow more time to register its legal entity and receive non-profit status, with $17.3 million already received for building a software development kit for Uniswap V4 and supporting its subsequent migration.
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Uniswap seeks on-chain vote for $62M funding tranche for operations and research grants
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