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The decentralized exchange (dex) Uniswap’s foundation, The Uniswap Foundation (UF), announced the first round of foundation grants on Wednesday. In all, $1.8 million will be distributed through 14 grants. The Uniswap Diamond project, which is being developed by GFX Labs, will receive a little bit more than $800K, according to the UF release.
Uniswap Will Distribute $1.8 Million Among 14 Projects
The first round of grants to support the decentralized finance (defi) ecosystem and advance R&D was announced by the Uniswap Foundation on September 21. The foundation will distribute $1.8 million in the form of 14 grants, with the largest amount going to the project Uniswap Diamond, according to the UF.
GFX Labs is currently developing the Uniswap Diamond project, which will receive a total of $808,725 over the course of 3 installments. One of the most ambitious projects ever to receive Uniswap Grant funding, according to the UF, is the project.
The other projects that will receive funding include Uniswap.fish (formerly known as Uniswap Calculator), a Uniswap data extraction tool, Numoen, a constant function market maker, and a Uniswap v3 development course. According to UF, the funds’ size and reach were divided into three groups, including:
Protocol Growth, which includes a data analysis tool that collects information from the Uniswap subgraph and saves it as a CSV file.
Community Development, including Uniswap v3 development training and activities in Canada, Africa, and Latin America.
Governance Stewardship, including a thorough examination of the Uniswap delegation, will result in a number of proposals for enhancing governance.
Furthermore, Uniswap community-based funds will be distributed to encourage defi across Africa and Latin America. Included in this are “a series of seminars, workshops, and meetings” in Latin America as well as “sponsorship of the Ghana Crypto and Defi Summit 2022.”
The University of Florida continues by saying that a grant will be given to the Phi Metaverse to “assist the construction of Uniswap specialized in-game materials and objectives.” Another award will support the virtual hackathon Ignition Hacks, while a third will support Holdim, a governance stewardship solution.
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