Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients – Defi Bitcoin News

Uniswap Foundation (UF), the team behind decentralized exchange (dex) Uniswap, announced the first wave of platform funding on Wednesday as it expects a total distribution of $1.8 million, awarded for 14 grants. The UF announcement details that a touch of over $800k will be awarded to Uniswap Diamond, a project being built by GFX Labs.

Uniswap to disperse $1.8 million across 14 different projects

On September 21, the Uniswap Foundation announced the first wave of grants aimed at supporting the decentralized finance (defi) ecosystem as well as progressive research and development. According to UF, the fund will disperse $1.8 million in the form of 14 grants, and the Uniswap Diamond project will receive the largest amount. The Uniswap Diamond project is being built by GFX Labs and it will receive a total of $808,725 over 3 disbursements. UF said the project is “one of the most ambitious initiatives ever funded by Uniswap Grants.”

Other grants will be awarded to projects such as (formerly Uniswap Calculator), a Uniswap data extraction tool, a continuous function market maker known as Uniswap. Numoenand a Uniswap v3 development course. UF details that the size and scope of the grant is divided into three different categories, including:

  • Protocol growth, including a decentralized volatility oracle and a data analysis engine that extracts data from the Uniswap subsite into a CSV file.
  • Community development, including Uniswap v3 development course and events in Latin America, Africa and Canada.
  • Governance Management, including a dive into the status of Uniswap authorization, will translate into a series of recommendations for improving governance.

Additionally, Uniswap community-based grants will be awarded to advance defi in Latin America and Africa. This includes “a series of events, seminars and gatherings” in Latin America and “sponsorship of the Crypto Summit and Defi Ghana 2022.” UF further explains that a grant is being awarded Phi Metaverse, to “support Uniswap’s creation of specific in-game content and missions.” Another grant will go towards funding Virtual Hackathon Ignition Hacks and another, towards a governance management solution called Holdim.

Cards in this story

1.8 million dollars, 14 grants, 14 Recipients, decentralized exchange, DeFi, DeFi Africa, Defi LATM, DEX, GFX Labs, Crypto Summit and Defi Ghana 2022, subsidize, Holdim, Numoen, Phi Metaverse, Sponsorship, UF, UF Grants, uniswap, Uniswap Calculator, Uniswap Diamond, Uniswap Organization,

What do you think about Uniswap Foundation distributing $1.8 million in grants to 14 different recipients? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about the disruptive protocols emerging today.

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