{"id":574529,"date":"2022-08-24T09:37:42","date_gmt":"2022-08-24T08:37:42","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574529"},"modified":"2022-08-24T09:38:09","modified_gmt":"2022-08-24T08:38:09","slug":"uniswap-dex-community-establishes-a-foundation-to-promote-open-source-development","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/uniswap-dex-community-establishes-a-foundation-to-promote-open-source-development\/","title":{"rendered":"Uniswap DEX Community Establishes A Foundation To Promote Open Source Development"},"content":{"rendered":"\n<ul><li>Uniswap DEX community members have voted to create a Uniswap Foundation to support open source development\u00a0<\/li><li>The foundation intends to support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem.<\/li><\/ul>\n\n\n\n<p>Popular decentralized exchange Uniswap community members have <a href=\"https:\/\/app.uniswap.org\/#\/vote\/2\/24?chain=mainnet\" rel=\"nofollow noopener\">voted<\/a> for the creation of an independent foundation to spearhead open source development within the Uniswap ecosystem.&nbsp;<\/p>\n\n\n\n<p><strong>Uniswap Foundation Intends To Support Open Source Development.&nbsp;<\/strong><\/p>\n\n\n\n<p>The voting which ended on August 24 received an overwhelming response with nearly 86,298,595 members favoring the said proposal.&nbsp;<\/p>\n\n\n\n<p>The foundation, proposed by community members Devin Walsh and Ken Ng, aims to promote open source development and sustainability within the protocol.&nbsp;<\/p>\n\n\n\n<p>&#8220;Today, we are excited to propose the creation of the Uniswap Foundation, which has the mission to support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community&#8221; the proposal adds\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Foundation\u2019s mission will be to support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community.<br><br>In other words, the Foundation\u2019s mission is to support **you**<\/p>&mdash; Devin Walsh (@devinawalsh) <a href=\"https:\/\/twitter.com\/devinawalsh\/status\/1555209720922869760?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 4, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Under the newly formed system, the foundation will promote sustainable open source development by providing grants to builders, researchers, organizers, academics, analysts, and more to grow further and prosper ahead.&nbsp;<\/p>\n\n\n\n<p>&#8220;The governance process has too much friction, the ecosystem is too difficult to navigate, and UGP in its current form is not able to fund the most ambitious and impactful projects.&#8221; the proposal adds.&nbsp;<\/p>\n\n\n\n<p>The foundation is also requesting a total of $74 million in UNI to spearhead the foundation&#8217;s operations from the DAO community, alongside requesting UNI governance participation through delegation.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">To date, UGP has funded 120+ grantees with $7M in funds. Its grantees have<br><br>\ud83d\uddf3\ufe0f\u00a0Crafted governance proposals<br><br>\ud83e\uddd1\u200d\ud83d\udcbb\u00a0Deployed new tools for both novices + pro traders<br><br>\ud83e\udd1d\u00a0Built blockchain clubs and courses around the world <br><br>And so much more<a href=\"https:\/\/t.co\/ohXQ3Qqo9x\" rel=\"nofollow\">https:\/\/t.co\/ohXQ3Qqo9x<\/a><\/p>&mdash; Devin Walsh (@devinawalsh) <a href=\"https:\/\/twitter.com\/devinawalsh\/status\/1555209723909218304?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 4, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The proposal further breaks down the allocation of the budget adding that nearly $64 million will be assigned to the Uniswap Grants Program whereas $14 million will be deployed as its operating budget.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The proposal describes the foundation as an entity supporting the protocol&#8217;s decentralized growth and development.&nbsp;&nbsp;<\/p>\n\n\n\n<p>&#8220;The UF, the first Foundation of a major protocol to go through the community governance process, will support the Protocol\u2019s decentralized growth, reinvigorate governance, and serve as a Protocol advocate.&#8221;&nbsp;<\/p>\n\n\n\n<p>Founded in 2018 by Hayden Adams, Uniswap is a cryptocurrency exchange that employs a decentralized mechanism to run its network protocol. The exchange facilities cross crypto transactions via the usage of smart contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap DEX community members have voted to create a Uniswap Foundation to support open source development\u00a0 The foundation intends to support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem. Popular decentralized exchange Uniswap community members have voted for the creation of an independent foundation to spearhead open source development within the Uniswap ecosystem.&nbsp; Uniswap Foundation Intends To Support Open Source Development.&nbsp; The voting which ended on August 24 received an overwhelming response with nearly 86,298,595 [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":572504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,26],"tags":[],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574529"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=574529"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574529\/revisions"}],"predecessor-version":[{"id":574533,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574529\/revisions\/574533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/572504"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=574529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=574529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=574529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}