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Uniswap reveals assets ahead of fee mechanism vote

Uniswap reveals assets ahead of fee mechanism vote

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Source: Coin Telegraph

During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.

The Uniswap Foundation has disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of the first quarter. 

According to the publication, the Foundation committed $4.34 million in new grants during this period and disbursed $2.79 million in previously committed grants.

The fiat cash and stables are designated for grant-making and operating activities, while the UNI tokens are reserved for employee token awards.

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Author: Amaka Nwaokocha