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 <p class="is-style-lead">The Uniswap Foundation has proposed a $62.37 million fund allocation, and an on-chain vote is scheduled for Oct. 4 to decide on it. </p> 
 <p>These funds are intended to strengthen various aspects of the Uniswap ecosystem, including developer support and research initiatives. </p> 
 <p>The foundation also mentioned plans to expand its Hooks ecosystem, designed for Uniswap v4, in the future.</p> 
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    <p lang="en" dir="ltr">In our initial UF proposal, we broke our funding <a rel="noopener noreferrer nofollow" title="request" href="https://thebittimes.com/tag/request.html">request</a> into two tranches. <br><br>We received our first portion last year. We are <a rel="noopener noreferrer nofollow" title="request" href="https://thebittimes.com/tag/request.html">request</a>ing the remainder of our funds in this post.<br><br>We will kick off the formal governance vote to send the remainder of funds next Wednesday 10/4.</p>— Uniswap Foundation (@UniswapFND) September 27, 2023 
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 <p>The upcoming vote is significant for Uniswap. The protocol is one of the largest decentralized exchanges (DEXs) by total value locked (TVL), DeFiLlama data shows.</p> 
 <p>Unlike last year’s $74 million funding, this year’s proposal includes a 10% buffer to protect against market fluctuations. </p> 
 <p>To ensure transparency, there will be a Twitter Spaces session on Oct. 2 to answer any questions regarding the proposal.</p> 
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 <p>Uniswap’s Oku Trade platform has had 3,000 wallet interactions and 56,000 unique visitors since July. Partnerships, like the one with Gauntlet, aim to improve incentives and fees. </p> 
 <p>The research Institute has received 107 applications for its DeFi fellowship. </p> 
 <p>Additionally, 65 new delegates are participating in Uniswap’s governance initiatives. </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uniswap-foundation-requests-62m-to-bolster-development-and-hedge-against-volatility-tbt64385.html">https://thebittimes.com/uniswap-foundation-requests-62m-to-bolster-development-and-hedge-against-volatility-tbt64385.html</a></p>

Uniswap Foundation requests $62M to bolster development and hedge against volatility

TheBitTimes

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