CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$27,575.00
  • ethereum
    ETH$1,663.11
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Uniswap Foundation Launches First Wave of Grants Totaling $1.8M

    Uniswap Foundation Launches First Wave of Grants Totaling $1.8M

    Author: Chayanika Deka

    Last Updated Sep 22, 2022 @ 13:54

    The grants will be distributed across 14 recipients working on different projects.

    Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total.

    According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance stewardship.

    Uniswap Diamond

    Uniswap Diamond is heralded as one of the most ambitious initiatives to be funded by Uniswap Grants. All ecosystem stakeholders are expected to benefit from this work.

    The aim is to enhance the pro trader and LP experience, ramp up market share, and ease development and on-chain data analysis. For the purpose of historical and real-time on-chain data, API and SDK will be added, which is expected to be a game-changer for developers building on top of Uniswap, analysts, and end users.

    Additionally, Diamond will also comprise a pro interface intended to increase Uniswap’s market share amongst pro users familiar with the features of a more traditional centralized exchange. Despite being a DEX leader, Uniswap only has around 1% of all crypto trading market share. Uniswap Diamond, however, aims to amplify that share by competing directly with the leading centralized platforms in terms of user experience and data.

    The grant will be built by the cross-chain governance research – GFX Labs – which have been active Uniswap contributors since the beginning. Notably, the GFX team was one of the first liquidity providers on v3.

    “We’re particularly excited about this grant because it represents the kind of ambitious, high-impact, long-term-oriented work that the newly created Foundation is uniquely able to support. We are also thrilled to build a stronger tie between GFX Labs – a talented development team that has already shown a strong commitment to Uniswap – and the ecosystem as a whole.”

    Meanwhile, Uniswap.fish, Decentralized Volatility Oracle, and Numoen are also some of the prominent grants in addition to Diamond.

    “Reinvigorating Governance”

    The ambitious plan of Uniswap Foundation to streamline Uniswap’s Grant Program (UPG) and lessen friction in the protocol’s governance system became a reality last month. The initial proposal received over 99% of the votes from UNI holders in the affirmative.

    Former Uniswap chief of staff, Devin Walsh, presented the proposal and earlier said the team had already been moving at a fast pace while delivering on its top priorities in areas such as building out its talent pool, ramping up the Uniswap Grants program and “reinvigorating the governance process.”

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • Uniswap
      UNI Token Holders Approve Proposal to Create Uniswap Foundation
    • Uniswap_Phishing
      Over $8 Million Lost in a Uniswap Phishing Attack
    • Uniswap
      Uniswap Proposal Seeks to Create Independent Entity With a $74M Budget
    Tags: Uniswap
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Chayanika Deka
    More posts by this author

    Chayanika has been working as a financial journalist for four years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

  • bitcoin
    BTC$27,575.00
  • ethereum
    ETH$1,663.11
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    We’re Still the Most Compliant Crypto Exchange Today: Binance’s New CMO Sheds Light On Its Urgent Challenges (Exclusive)

    We’re Still the Most Compliant Crypto Exchange Today: Binance’s New CMO Sheds Light On Its Urgent Challenges (Exclusive)

    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    DeFi Without Native Rights Is Dead

    DeFi Without Native Rights Is Dead

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!