On October 24th, the Uniswap Foundation announced a grant of $1.2 million to Areta, the leader of the Uniswap Foundation Security Fund, to create an audit and security services marketplace, enhancing the security and integrity of the Uniswap v4 hook developer community.

According to reports, Areta is a cryptocurrency-based investment bank and strategic governance company with extensive experience in executing complex financial transactions and helping foundations and DAOs develop decentralized governance structures. The Areta team has extensive legal, business, and technical expertise in managing the security audit market and a deep understanding of Uniswap v4 hooks.