Table of Contents:

· After a year, Uniswap Foundation proposes fundraising plan

· Uniswap Foundation has become the "DEX Development Planner"

· Uniswap is also launching a Fellowship program?

After a year, Uniswap Foundation releases proposal for fundraising

BlockBeats News, September 27th, Uniswap Foundation announced its latest fundraising plan and future plans.

Last year, the Uniswap governance approved funding of $74 million for the Uniswap Foundation. Today, the Uniswap Foundation has released a proposal to apply for the second batch of funding, totaling $62.37 million with a 10% buffer, as part of the $74 million commitment. The proposal is planned to be voted on-chain on October 4th.

This batch of funds will be used to support the construction of the Uniswap ecosystem, including developer support, research funding, and more. In addition, the foundation has announced several future plans, including further development of the Hooks ecosystem, launching the Fellowship in October 2023, continuing to support IRL representative activities, and building more digital connectivity methods.

The foundation also plans to achieve larger goals in 2024 and beyond, such as expanding its ecosystem, innovating, and strengthening governance.

Related reading: "Complete initial funding of the Uniswap Foundation"

Uniswap Foundation has become the "DEX Development Planner"

On August 5th, 2022, the Uniswap community released a new proposal proposing the establishment of the Uniswap Foundation (UF). According to the proposal, UF's mission is to support the decentralized sustainable growth of the Uniswap protocol and its supported ecosystem and community. UF will provide grants to builders, researchers, organizers, scholars, analysts, and more to develop the protocol and plan its future. Devin Walsh, former Chief of Staff at Uniswap Labs, will serve as Executive Director, Ken Ng will serve as Chief Operating Officer, and a team of 12 will be assembled.

In order to achieve the above goals, the team is seeking a total of $74 million in funding, which will be divided into two payments. The first payment of $20 million includes $14 million for operating expenses to cover the team's costs for three years, and $60 million for the Uniswap Grants Program (UGP) budget to cover expenses for more than three years.

Image source: https://seedao.mirror.xyz/m6Ua8urz-z4o6nfB-_pDBxb0WAI_d6xcipwLOasz4rg

It is also required to participate in governance through the authorization of 2.5 million UNI Tokens. By using the new smart contract, The Franchiser, these UNI Tokens can be revoked by DAO at any time and cannot be used for any purpose other than governance.

The proposal was passed on August 24th last year here, requesting $74 million from the DAO treasury, of which $14 million will be used to support the foundation's team and $60 million will be used for developer grants.

On September 20th of this year, the Uniswap Foundation announced that since taking over the Uniswap incentive program a year ago, they have issued 72 grants, 40 of which have been completed. Nine grants exceeded $100,000, with a total funding commitment of approximately $4.5 million.

On the following day, September 21st, the Uniswap Foundation announced the launch of an educational platform called "Uniswap University" here. It is a comprehensive education platform tailored for everyone, from beginners to experienced Uniswap v3 liquidity providers. It provides structured learning paths for participants to gain and understand liquidity provision, including four modules: guides, tidbits, simulations, and training.

Related reading: "Uniswap Foundation Launches University, Can Learning CEX Bring Liquidity Increment to DeFi?"

"Compared to relatively centralized trading platforms, the difficulty and threshold of Uniswap's trading operations are somewhat high for newcomers. Perhaps this is the greatest significance of Uniswap University. Compared to introducing people from Web2 into the crypto world, attracting more people to enter the world of DEX is more urgent for Uniswap."

It can be seen that the existence of the Uniswap Foundation has made decentralized trading platforms more stable, and has also led to more possibilities for the crypto ecosystem.

Uniswap is also launching a Fellowship program?

According to yesterday's Uniswap Foundation fundraising plan, one of the uses of this funding is to launch the Fellowship program in October 2023 and create working groups to directly apply MEV and other cutting-edge research in related fields to Uniswap.

The first research institute focused on DeFi will be led by a committee of leading researchers in the DeFi field. The institute will provide funding and guidance for researchers studying MEV, mechanism design, ZK, and will host a DeFi research conference in the spring. The first Fellowship program received 107 applications from around the world.

Image source: Uniswap governance interface

Previously, BlockBeats reported that both Consensys and zkSync have launched Fellowship programs. It is believed that in addition to the Fellowship program, major L2 projects seem to be more competitive in terms of project legitimacy, code originality, and RaaS. The competition in the L2 track seems to be turning into a brutal "melee".

Related reading: "Consensys and zkSync launch Fellowship programs, L2 competition enters the "melee stage"?"

Now, the DEX leader Uniswap is also launching the Fellowship program. It can be foreseen that major projects will establish their own moats in education, reserve their strength, and wait for the arrival of the bull market.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia