The new proposal sees the funding being distributed on two separate occasions.
Uniswap community members are looking to create a new entity called the Uniswap Foundation, which would address some shortcomings and improve the growth of the protocol’s decentralized ecosystem.
The new unit will be tasked with improving aspects of the ecosystem, such as reducing the friction in the governance process, providing more grants to ambitious and impactful projects, and making navigation easier. Walsh and Ng, founders of the pre-existing Uniswap Foundation, will serve as the entity’s executive producer and head of operations, respectively. Previously, Walsh was chief of staff at Uniswap Labs, while Ng headed the UGP for one and a half years. Furthermore, UF will be a Delaware-based corporation.
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