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The Uniswap community proposes the creation of the Uniswap Foundation and requests $74 million in funding



Time:8/5/2022 12:03:12 PM

[The Uniswap community proposes to create the Uniswap Foundation and requests $74 million in funding] Golden Finance News, Uniswap community Devin Walsh posted on the Uniswap Governance Forum to propose the creation of the Uniswap Foundation, whose mission is to support the Uniswap protocol and the ecosystem and community it supports Decentralized growth and sustainability, with grants to builders, researchers, organizers, academics, analysts, etc. to grow the protocol and plan for its future.

The proposal proposes to form a 12-person team and ask the Uniswap community for a total of $74 million in funding, of which $14 million is the operating budget to cover the entire team for 3 years, and $60 million is used to implement the Uniswap Grant Program (UGP) budget expanded over 3 years. The initial payment is $20 million. At the same time, the proposal also requires 2.5 million UNI to participate in governance, mainly through delegation. By using the new smart contract primitive The Franchiser, this UNI can be revoked by the DAO at any time and cannot be used for any purpose other than governance.

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