Foundation actively promotes financial transparency! Uniswap Foundation Q1 2024 Financial Report

The Uniswap Foundation recently released its first quarter financial report for 2024, demonstrating a commitment to financial transparency for the community. The report presents an unaudited financial summary for the first quarter ending on March 31, 2024.

Uniswap Assets and Fund Usage

As of March 31, 2024, the Uniswap Foundation holds $41.41 million in stablecoins and USD, along with 730,000 UNI tokens. The fiat USD and stablecoins are mainly used for grant programs and operational activities, while UNI tokens are designated for employee token rewards. Uniswap's financial operations are expected to continue until the end of 2025, with funds allocated as follows:

• Commitments and incentive measures: $25.77 million will be disbursed in 2024 and 2025
• Committed grants: $2.94 million reserved for future disbursement
• Operating expenses: $12.70 million available for operations until the end of 2025

Q1 2024 Grants: Commitments and Disbursements

In the first quarter of 2024, the Foundation committed $4.34 million in new grants and disbursed $2.79 million in committed grants. Updated grant policy

Q1 2024 Activity Summary

In the first quarter of 2024, the Uniswap Foundation incurred $1.03 million in operating expenses. The breakdown of these expenses is as follows:

• Salary expenses: wages, benefits, and taxes.
• Contract and professional fees: legal, accounting, technical audit, and consultancy fees.
• Office expenses: internal team activities, external meetings, software, transaction fees, and other general and administrative costs.
• External activities: travel and participation costs for conferences and external events.
• Advertising and marketing: web design, agency fees, and event hosting.
• Insurance: directors and senior management insurance.

Uniswap Foundation: Commitment to Financial Transparency

The Uniswap Foundation stated that they will provide an overview of the second quarter of 2024, covering commitments and disbursements, operating expenses, and financial condition summaries.

The Uniswap Foundation is also one of the few blockchain organizations that currently discloses financial conditions and expenditure.