Uniswap Foundation: In the first quarter, it held a total of 41.41 million US dollars and stable coins and 730,000 UNI
PANews reported on May 26 that the Uniswap Foundation officially announced its unaudited quarterly financial report as of March 31, 2024. In this quarter, it held a total of 41.41 million U.S. dollars and stablecoins (approximately 40.47 million U.S. dollars, 750,000 DAI, 180,000 USDC) and 730,000 UNI. Fiat currency (USD) and stablecoins will be used to fund and operate activities, and UNI will be used for employee token rewards. Funds are expected to be available through the end of 2025, with allocations as follows: Grant Commitments and Incentives: $25.77 million will be awarded in 2024 and 2025. $2.94 million will be used in previously committed grants to be released. The remaining $12.7 million will be used to cover operating expenses until the end of 2025.
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