The Uniswap Foundation disclosed that it has $36.81 million in assets and millions in new grant commitments for Q2.
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 blog post on August 7 that it maintained a total of $36.81 million in cash and stablecoins, with only 680,000 UNI tokens.
According to the organization, cash and stablecoins are allocated for operational activities and grantmaking, while UNI tokens are reserved for “employee awards.”
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.
The foundation disbursed nearly $2.5 million from previously committed grants and committed over $3.2 million in new grants in Q2.
By June 30, the organization had committed $7.55 million in grants for the year, with $5.27 million disbursed.
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.
