Uniswap announces Q2 financials report, reveals over $3m committed in grants
The Uniswap Foundation revealed financial health in its latest report with $36.81 million in assets and millions in new grant commitments for Q2.
The Uniswap Foundation, a non-profit organization dedicated to supporting the growth of Uniswap, has released its financial summary for Q2, as part of its ongoing commitment to financial transparency. In a blog post on Aug. 7, the foundation outlined that it held $36.81 million in cash and stablecoins, with only 680,000 in UNI tokens.
The organization explained that cash and stablecoins are designated for grantmaking and operational activities, while the UNI tokens are reserved for “employee awards.” The foundation anticipates these funds will sustain its activities through the end of 2025, with allocations set at $26.12 million for grants and $10.69 million for operational expenses.
In Q2, the foundation committed over $3.2 million in new grants and disbursed nearly $2.5 million from previously committed grants.
In total, by June 30, the organization committed $7.55 million in grants for the year, with $5.27 million disbursed. Operating expenses for the quarter totaled $1.6 million, of which 8.2% were allocated to advertising and marketing, while payroll expenses and professional fees were allocated 47.9% and 35.2% respectively.
