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Cryptocurrency News

It’s a go! Uniswap Foundation becomes reality after 86M votes in favor

08/25/2022

Less than a minute

2022.08.25 06:30

It's a go! Uniswap Foundation becomes reality after 86M votes in favor
It’s a go! Uniswap Foundation becomes reality after 86M votes in favor

The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.

According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system.