Uniswap Foundation Seeks $62M in Additional Funding, According to Cointelegraph

Decentralized exchange (DEX) is preparing for an on-chain vote to approve the second portion of the $74 million funding allocated for its developer, Uniswap Foundation.

As announced on September 27, this second funding tranche, which includes a 10% buffer to account for price volatility, is valued at approximately $62 million and will be subject to an on-chain vote on October 4. If the funding is approved, it will be utilized for operational expenses and research grants. The Uniswap Foundation is tasked with enhancing core protocol metrics, fostering innovation, and aligning stakeholder incentives within the widely-used DEX.