Uniswap's proposal to establish the Uniswap Foundation has been approved and will apply for a $74 million grant from the DAO Treasury

Uniswap's proposal to establish the Uniswap Foundation to support open source development and community governance within the agreement has been approved, according to the official website of BlockBeats on August 24. Once established, the foundation will request $74 million from the DAO Treasury, of which $14 million of the funding will be used to support the foundation's teams and $60 million will be used for developer grants.