Uniswap Foundation: As of Q2, holds $36.81 million in cash and stablecoins, as well as 680,000 UNI

ChainCatcher news, the official announcement from the Uniswap Foundation regarding the unaudited quarterly financial summary as of June 30, 2024, indicates that as of Q2, it holds 36.81 million dollars in cash and stablecoins, as well as 680,000 UNI. These fiat (USD) cash and stablecoins will be used for grants and operational activities, while UNI will be used for employee token rewards. It is expected that these funds can sustain until the end of 2025, with the following allocation:

Grant commitments and incentives: A total of 26.12 million dollars will be allocated for grants, of which 22.46 million dollars will be committed in 2024 and 2025, and 3.66 million dollars will be for previously committed grants awaiting distribution. The remaining 10.69 million dollars will be used to fund operational expenses until the end of 2025.