The Uniswap Foundation oversees the development and maintenance of the largest DEX anywhere in the world. It has announced that the first wave of grants totaled almost $1.8 Million.
The official announcement states that the grants are distributed in three areas: protocol growth, community development, and governance stewardship.
Uniswap Diamond has been hailed as the most ambitious initiative funded by Uniswap Grants. This work is expected to be beneficial for all ecosystem stakeholders.
This is a plan to improve the experience of pro traders and LPs, increase market share and make it easier for developers and on-chain data analysis. API and SDK will now be available for historical and real-time data on-chain. This is expected to make Uniswap more accessible to developers, analysts, and users.
Diamond will also include a pro interface that will increase Uniswap’s market share among pro users who are familiar with the features and functions of a traditional centralized exchange. Uniswap is a DEX leader but only 1% of the crypto trading market share. Uniswap Diamond aims to increase that share by competing with the top centralized platforms in terms data and user experience.
Cross-chain governance research GFX Labs – who have been active Uniswap contributors from the beginning – will build the grant. Notably, the GFX group was among the first liquidity providers for v3.
“This grant is a great opportunity to support the ambitious, high-impact and long-term-oriented work the Foundation can only do. We are thrilled to strengthen the connection between GFX Labs – a talented team of developers who has shown a strong commitment towards Uniswap – and the ecosystem in general.
Uniswap.fish and Decentralized Volatility Oracle are some other prominent grants, along with Diamond.
Last month saw the realization of the ambitious plan by Uniswap Foundation, to streamline Uniswap’s Grant Program (UPG), and reduce friction in its governance system. Over 99% of UNI holders voted in favor of the initial proposal.
Devin Walsh, former chief of staff at Uniswap, presented the proposal. He previously stated that the team was moving quickly and delivering on its top priorities, such as expanding its talent pool and ramping up the Uniswap Grants Program and “reinvigorating governance.”
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