April has been an exciting month for us at the Uniswap Foundation! As part of our commitment to transparency, we're excited to share our first monthly roundup, highlighting key developments from our team in April 2024.

In the spirit of providing financial transparency to the community, the Uniswap Foundation is excited to commence a regular cadence of financial updates starting with the summary results of operations for the year ended December 31, 2023.

Last week, we announced two new funding categories at the Uniswap Foundation: Protocol and Security. Today, we’re excited to unveil a $1.2M grant to Auditless to lead the Protocol Grants Program. This Program will identify opportunities to expand and strengthen the protocol tech stack, design grants to achieve new opportunities, and then work closely with grantees to execute.

As Uniswap’s ecosystem has grown, the Uniswap Foundation has identified an opportunity to support future innovation of the Protocol itself and to strengthen feedback loops between our stakeholders and protocol development. Today, we are announcing the creation of two new funding categories, Protocol and Security, which will be endowed with ~$4.7M through 2024.

In our latest initiative under our evolved grants program, we’ve provided a grant to Allium for a ‘DEX Analytics’ Portal. This blog post discusses the importance of this initiative for Uniswap and the entire DeFi ecosystem.  To drive innovation on the Uniswap Protocol, access to maintained, standardized real-time DEX data is crucial. With reliable, understandable datasets, researchers and developers can analyze and understand the Uniswap Protocol's dynamics, compare them across other DEX’s, to determine how to best improve them. However, the current lack of access to dependable DEX data impedes this in-depth analysis, blocking enhancements of the Protocol. Disparate data standards across DEX platforms complicate matters further, muddling the assessment of on-chain activities such as trade events and MEV extraction.These data issues are significant hurdles to building a common understanding around what is happening on-chain, which can then be used as an impetus to improve and innovate. Acknowledging this obstacle for innovators, Uniswap Foundation is proud to allocate a grant of $480,000 to Allium for a ‘DEX Analytics’ Portal to spearhead the development of reliable, unified data standards across DEX’s and facilitate easy access to that data. By funding this initiative, we aim to pave the way for breakthroughs and advancements on the Uniswap Protocol, ensuring that developers and researchers have the tools they need to catalyze innovation.

We are pleased to unveil a new initiative under our evolved grants program: we’ve provided funding to Gauntlet for Routing Algorithm Optimization. This blog post discusses the importance of this research for Uniswap v4.

The Uniswap Foundation is thrilled to introduce the latest funded initiative under our evolved grants program: The Uniswap Hook Incubator by Atrium Academy. In this piece, we describe the importance of this initiative, the grantees, and the positive impact it will have on the Uniswap Protocol.

In part one of our series, we articulated the evolution of our grants program, informed by the feedback and learnings from the community. In part two of our series, we covered what success looks like and how we measure it across these four categories.Today, we’re excited to introduce the first funded initiative under this evolved program.

This is part two of a three-part strategy that will cover the reimagined grants strategy for the Uniswap Foundation. In part one, we covered the broad strategic changes we’re making this year. In this post, we’ll talk about our future dashboards, impact measurements, and our process for grantees. In part three, we’ll announce our first initiative in this new model.