The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens.
The biggest and most established global event for everything crypto, blockchain and Web3.As of the end of Q1, the Uniswap Foundation held $41.41 million in fiat and stablecoins and 730,000 UNI tokens.
The Foundation committed $4.34 million in new grants, disbursed $2.79 million previously, and designated UNI tokens for employee awards.at its financials days before the community moves to vote to enable and distribute fees autonomously. According to a balance sheet shared by the Foundation, at the end of the first quarter it held $41.41 million in fiat and stablecoins, along with 730,000 UNI tokens. The fiat and stablecoins are designated for grant commitments and operational activities, while the UNI tokens are reserved for employee awards.
, UNI token holders will vote for a new fee mechanism that would shift some rewards away from the decentralized exchange's liquidity providers to its token holders instead.show it likely will be – the proposal will transfer control of the mainnet UniswapV3Factory to a new V3FactoryOwner contract. The new fee distribution plan will be activated in a second vote that hasn't yet been scheduled., signaling that it intends to recommend enforcement action against it in the future.
The Wells Notice targets Uniswap's UNI and LP tokens, arguing they are investment contracts and alleging that they violating securities laws. Uniswap Labs disputes this, and says the SEC lacks jurisdiction, arguing LP tokens are merely bookkeeping devices.
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