current position:Home>Uniswap community proposes to create Uniswap Foundation and asks for $74 million in funding

Uniswap community proposes to create Uniswap Foundation and asks for $74 million in funding

2022-08-05 10:03:24Bochain Finance

Bochain Finance was informed that on August 5th, a new proposal from the Uniswap community proposed the creation of the Uniswap Foundation, a new entity (completely independent from Uniswap Labs),Its mission is to support the decentralized growth and sustainability of the Uniswap protocol and the ecosystem and communities it supports.

The foundation will be led by kenn ETHng.eth and Devin Walsh, with Devin Walsh serving as executive director and Ken Ng serving as director of operations, and request a total of $74 million, of which $60 million goes to the Uniswap grant program and the remaining $14 million operating budget is used to build a full team of 12 over the next three years.2.5 million UNIs are also required to participate in governance, mainly through delegation.

copyright notice
author[Bochain Finance],Please bring the original link to reprint, thank you.
https://en.netfreeman.com/2022/217/202208051002119600.html

Random recommended