{"id":89046,"date":"2024-08-07T16:36:13","date_gmt":"2024-08-07T20:36:13","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89046"},"modified":"2024-08-07T16:38:10","modified_gmt":"2024-08-07T20:38:10","slug":"uniswap-announces-3m-grant-in-q2-2024-financial-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uniswap-announces-3m-grant-in-q2-2024-financial-report\/","title":{"rendered":"Uniswap Announces $3M Grant in Q2 2024 Financial Report"},"content":{"rendered":"\n

The Uniswap Foundation<\/a> disclosed that it has $36.81 million in assets and millions in new grant commitments for Q2.\u00a0<\/p>\n\n\n\n

\"The
The Uniswap Foundation disclosed that it has $36.81 million in assets and millions in new grant commitments for Q2.\u00a0<\/figcaption><\/figure>\n\n\n\n

As part of its ongoing dedication to financial transparency, the Uniswap Foundation, a non-profit organization\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> committed to fostering its expansion of Uniswap, has disclosed its financial summary for the second quarter. <\/p>\n\n\n\n

The foundation disclosed in a blog post on August 7 that it maintained a total of $36.81 million in cash and stablecoins, with only 680,000 UNI tokens<\/a>. <\/p>\n\n\n\n

According to the organization, cash and stablecoins are allocated for operational activities and grantmaking, while UNI tokens are reserved for “employee awards.” <\/p>\n\n\n\n

The foundation expects that these funds will sustain its operations until the end of 2025. The allocations are $26.12 million for grants and $10.69 million for operational expenses.<\/p>\n\n\n\n

\"Uniswap\u2019s
Uniswap\u2019s Q2 operating expenses | Source: Uniswap Foundation<\/figcaption><\/figure>\n\n\n\n

\u00a0The foundation disbursed nearly $2.5 million from previously committed grants and committed over $3.2 million in new grants<\/a> in Q2. <\/p>\n\n\n\n

By June 30, the organization had committed $7.55 million in grants for the year, with $5.27 million disbursed. <\/p>\n\n\n\n

Operating expenses for the quarter totaled $1.6 million, with 8.2% of the total allocated to advertising and marketing. Payroll expenses and professional fees were allocated 47.9% and 35.2%, respectively.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Uniswap Foundation disclosed that it has $36.81 million in assets and millions in new grant commitments for Q2.\u00a0 As part of its ongoing dedication to financial transparency, the Uniswap Foundation, a non-profit organization committed to fostering its expansion of Uniswap, has disclosed its financial summary for the second quarter. The foundation disclosed in a […]<\/p>\n","protected":false},"author":43,"featured_media":89047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3878,9582,973],"class_list":["post-89046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-grant","tag-q2","tag-uniswap"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/croc_1723062235571.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89046"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89047"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}