Uniswap Foundation has almost USD $50 million to finance plans and operations: Report – DiarioBitcoin

The publication of the balance of the Uniswap Foundation It occurs in the middle of a complex moment for the organization, as it prepares to face a legal battle against the SEC.

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• The Uniswap Foundation has almost USD $50 million in various assets at its disposal
• USD $41.41 million are in fiat currencies and stablecoins, which will be used for grant programs
• Another USD $8.03 million in token UNI are intended to reward employees
• The publication of the balance comes in the midst of conflicts with the SEC

The non-profit organization that supports Uniswap, the Uniswap Foundation, presented its most recent quarterly balance sheet, where they reflect that they have about USD $41.41 million in fiat currencies and stablecoins, in addition to about 730,000 tokens UNI whose value is estimated at USD $8.03 million.

The funds of the Uniswap Foundation

Regarding the finances of theto Uniswap Foundation, The organization indicated that the USD $41.41 million in fiat money and stablecoins will be used to finance grant programs and operational activities, distributed as follows:

• Some USD $25.77 million will be distributed between projects during 2024 and 2025.
• Another USD $2.94 million goes to previously established agreements.
• The USD $12.7 million will apply to various expenses between 2024 and 2025.

Regarding tokens UNI, They will be aimed at employees who provide services to the entity, and will be distributed through bonus and prize campaigns.

The publication of the new quarterly balance of the Uniswap Foundation It occurs days before one of the most notable votes carried out by its community, since token users UNI They will decide whether or not to approve the new proposal for the distribution of fees and commissions.

Transparency and threats of SEC

The publication of the balance of the Uniswap Foundation It occurs a few days before an important vote for the platform DeFi, which, if approved by the community, proposes a new fee scheme that derives rewards for both the service’s liquidity providers and token holders.

Additionally, the Uniswap Foundation He would also be preparing to face a possible legal battle against the US Securities and Exchange Commission (SEC)which sent the organization a Wells Notice to notify about the alleged marketing of unregistered securities through its products and services.

After carefully examining the case and the allegations, the legal director of Uniswap, Martin Ammori rejected the platform’s listing as an unregistered securities exchange, alleging that both the platform’s interface and wallet also do not meet the definition for unauthorized brokers. He also invited the SEC to seek a more conciliatory position in this case, since imposing its criteria completely exceeds the authority of the agency.

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