2024-05-27
On May 25, 2024, the Uniswap Foundation released an unaudited summary financials for the first quarter ended on Mar
31, 2024.
Assets on Hand
and Funds Usage
On March 31,
2024, Uniswap had $41.41 million in USD and stablecoins and UNI 0.73
million in UNI on hand.
$41.41 million in USD and stablecoins
The fiat (USD) cash and stablecoins are to be used for grant making and operating activities and the UNI for employee token awards.
The expected runway was through the end of 2025 and was earmarked as follows:
-$25.77 million
to be disbursed in 2024 and 2025 for Grants commitments and incentives.
-$2.94 million
was reserved for grants committed previously, to be disbursed.
-Remaining $12.7
million was to be used to fund operations expenses through the end of 2025.
Assets on Hand
and Funds Usage
On March 31, 2024, the Uniswap Foundation had $41.41 million in USD and stablecoins on hand, and 0.73 million UNI tokens. The fiat cash and stablecoins are to be used for grantmaking and operating activities, and the UNI for employee token awards.
Grants
Commitments and Incentives
$25.77 million is to be disbursed in 2024 and 2025. $2.94 Million was reserved for grants committed previously, to be disbursed. The remaining $12.7 million was to be used to fund operations expenses through the end of 2025.
Q1’2024 Grants
Committed and Disbursed
In Q1’2024, the Foundation committed $4.34 million in new grants and disbursed $2.79 million in committed grants.
Q1’2024 Summary
of Activities
In Q1’2024, the
Foundation accrued $1.03 million on operating expenses. These expenses included
payroll, contract & professional fees, office expenses, external events,
advertising & marketing, and insurance.
Uniswap
Foundation said it will continue to share a snapshot of second quarter 2024
results, including grants commitments and disbursements, operating expenses and
summary of financial position.
