The Uniswap Foundation (UF) announced this Wednesday, the first wave of grants. This thus provides for a total disbursement of $1.8 million. 14 different projects will benefit from this grant. This will be the Uniswap Diamond Project with the highest stake at $800,000. The team behind the decentralized exchange (DEX) giant is looking to support decentralized finance (DeFi). It also aims to advance research and development under these waves of grants.
14 beneficiary projects
Various projects, 14 in number, will benefit from the wave of grants awarded by the Uniswap Foundation. The total value of this financing will be $1.8 million. However, Uniswap Diamond will be the lucky recipient of the highest $808,725. This is an ongoing project of GFX Labs. According to UF, this project is the most ambitious to benefit from subsidies by Uniswap. In fact, the scheme aims to improve the experience of professional traders and LPs. It aims to facilitate the development and analysis of on-chain data. But not only that, but also wants to increase the market share.
Other grants will be distributed to projects like Numoen, Uniswap.fish and the decentralized volatility oracle. Numoen is a constant function market maker and Uniswap.fish, a Uniswap data mining tool. UF has clarified that the size and scope of the grant falls into three distinct categories, namely: Protocol Enhancement, Community Enhancement and Governance Stewardship.
In addition, the Uniswap Foundation provides community grants to promote DeFi in Latin America and Africa. In South America, they include a series of events, workshops and gatherings. In Africa, it will be the sponsorship of the “Ghana Crypto and DeFi Summit 2022”. Foundation fees also make a grant to Metaverse. This is a project that aims to create UNISAP-specific assets and support in-game quests. Later, the Ignition Virtual Hackathon will enjoy another sponsorship grant from Uniswap Foundation. Finally, Hold’em, which is a governance stewardship solution, will also benefit from support from FU.
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