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Green light for the Uniswap Foundation

In a vote, UNI token holders delivered a clear majority for the Uniswap Foundation.

By Luc Vesters
• 1 min read
Green light for the Uniswap Foundation

In a vote process, UNI token holders pushed the Uniswap Foundation to a clear majority. According to Uniswap, more than 86 million votes were cast for the project - only 770 votes against.

The mission of the Uniswap Foundation is "to promote the decentralized growth and sustainability of the Uniswap Protocol and the supporting ecosystem and community." The total cost of the project amounts to 74 million US dollars. Of this, 14 million dollars is allocated to funding the 12-person team led by Devin Walsh as Chief Executive Officer and Ken Ng as Head of Operations.

60 million US dollars is available to support the Uniswap ecosystem. This includes grants for "developers, researchers, organizers, academics, analysts", according to the decentralized exchange, "to grow the protocol and make plans for its future".

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