Uniswap is ready to spend $ 750 thousand per quarter on ecosystem development
Uniswap is thinking about developing an ecosystem
Initially, it was proposed to allocate $ 750 thousand. for sponsorship grant
The cryptocurrency community will decide which projects are worthy of funding
International consortium of news organizations, developing transparency standards.
A well-known decentralized protocol for converting cryptocurrencies is considering launching a program aimed at developing an ecosystem
In the cryptocurrency community Uniswap. Idea voiced
Jesse Walden, co-founder of Investment company Variant proposed to create a financing structure for ecosystem development. He posted a developer grant proposal on the Uniswap forum. It is assumed that payments will be funded by the UNI community treasury Community Treasury.
Initially, the program will be aimed at sponsoring hackathons, but over time it can expand to finance development new protocols. Six members of the Uniswap community (one presenter and five reviewers).
At the first stages, it is planned to allocate $ 750 thousand for grants in tokens UNI, at this amount and conditions actions programs can will be change not earlier, than in six months. The review team is also selected for a period of six months.
For the benefit of the ecosystem
Walden Claims Sponsoring Uniswap’s Crypto Community Can Grow The Ecosystem the project.
“We must first make sure Tom, that the grant program will benefit the UNI ecosystem, only after of this it will be scalable, ”wrote Walden.
The moderators themselves, according to Walden, will not receive rewards for his work because their temporary costs “will be minimal”. If Walden’s proposal will be approved by a public vote, the sponsorship program will begin accept applications on a regular basis from early 2021 of the year.
Meanwhile, despite on a major liquidity leak from Uniswap after news of the end of UNI token farming, protocol trading volumes continue to be surprisingly high.
By mid-November, Uniswap had assembled on its platform assets worth over $ 3 billion, becoming the largest in this indicator decentralized finance protocol (DeFiDecentralized finance (DeFi) – this financial services based on technology blockchain, which offer users access towards an open, efficient and… More). On moment writing this numeral dropped to $ 1.3 billion, placing the project at the fifth line in the ranking of DeFi projects according to DeFi Pulse. In the first place remains cryptocurrency project Maker with $ 2.76 billion nested means.
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