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Uniswap Foundation receives US$46.2 million in funding to support work in the next 2 years

On October 25th, the Uniswap Foundation announced on X platform that Uniswap governance has approved continued funding for the Uniswap Foundation. Previously, the Uniswap Foundation had requested a proposal for a disbursement of $46.2 million to support their work for the next 2 years, and the proposed transaction has been transferred from the address starting with 0x1f98 to the address starting with 0xe571.

According to Twitter user Yu Jin monitoring, the UNI Foundation's custodial address has recently transferred out a large amount of UNI tokens, intending to sell 10.68 million UNI (approximately $46.2 million) to fund the foundation's salaries and project grants for the next 2 years.

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