Uniswap Foundation: Holds 36.81 million US dollars and stablecoins, as well as 680,000 UNI tokens as of Q2

The Uniswap Foundation officially announced its unaudited quarterly financial summary as of June 30, 2024, indicating that as of Q2, it held $36.81 million in US dollars and stablecoins and 680,000 UNI tokens. These fiat (US dollar) cash and stablecoins will be used for grants and operational activities, while the UNI tokens will be used for employee token rewards. It is expected that these funds can last until the end of 2025 and are allocated as follows: Grant commitments and incentives: A total of $26.12 million will be used for grants, with $22.46 million committed in 2024 and 2025; $3.66 million is set aside for previously committed grants to be disbursed later on. The remaining $10.69 million will fund operating expenses through the end of 2025.