Uniswap Foundation: As of Q1, it holds 41.41 million dollars in stablecoins and 730,000 UNI

ChainCatcher news, the Uniswap Foundation officially announced the unaudited quarterly financial summary as of March 31, 2024, indicating that as of Q1, it holds 41.41 million dollars and stablecoins (approximately 40.47 million dollars, 750,000 DAI, 180,000 USDC), as well as 730,000 UNI. Fiat currency (USD) and stablecoins will be used for funding and operational activities, while UNI will be used for employee token rewards. The expected funding usage period will last until the end of 2025, with specific allocations as follows:

Grant commitments and incentives: 25.77 million dollars will be distributed in 2024 and 2025. 2.94 million dollars are reserved for previously committed grant distributions.

The remaining 12.7 million dollars will be used to fund operational expenses before the end of 2025.