Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients – Defi Bitcoin News – Bitcoin News

by Jamie Redman
The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by GFX Labs.
On September 21, the Uniswap Foundation announced the first wave of grants that aims to bolster the decentralized finance (defi) ecosystem and progress research and development. According to the UF, the foundation will disperse $1.8 million in the form of 14 grants, and the project Uniswap Diamond will receive the largest sum. The Uniswap Diamond project is in the midst of being crafted by GFX Labs and it will get a total of $808,725 across 3 disbursements. The UF says the project is “one of the most ambitious initiatives ever to be funded by Uniswap Grants.”
The other grants will be given to projects like Uniswap.fish (previously Uniswap Calculator), an Uniswap data extraction tool, a constant function market maker called Numoen, and a Uniswap v3 development course. UF details that the grants’ size and scope were broken down into three different categories, which include:
Additionally, Uniswap community-based grants will be given to promote defi in Latin America and Africa. This includes a “series of events, workshops, and gatherings” in Latin America and “sponsorship of the Ghana Crypto and Defi Summit 2022.” UF further explains that a grant is being awarded to the Phi Metaverse, in order to give “support for the creation of Uniswap specific in-game assets and quests.” Another grant will go towards sponsoring the virtual hackathon Ignition Hacks and another, toward a governance stewardship solution called Holdim.
What do you think about the Uniswap Foundation distributing $1.8 million in grants to 14 different recipients? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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