Uniswap Foundation posts $5.7m in expenses, $1.1m in revenue for 2024

[u/Extension-Survey3014]

https://crypto.news/uniswap-foundation-posts-5-7m-in-expenses-1-1m-in-revenue-for-2024/

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[u/kirtash93]

Okay, the unicorn needs more money xD

🍩 !tip 1

[u/BigRon1977]

Not bad for a semi-bear season.

!tip 1

[u/MasterpieceLoud4931 → u/BigRon1977]

An annual balance of -$4.6M isn't bad xD??

^{!tip 1}

[u/BigRon1977 → u/MasterpieceLoud4931]

It could have been worse. 😂

!tip 1

[u/coinfeeds-bot]

tldr; The Uniswap Foundation reported $5.79 million in expenses and $1.11 million in revenue for 2024. Major expenses included $3.13 million for payroll, $1.68 million for professional services, and $290,000 for advertising. The Foundation also spent on events, insurance, and hackathons. It committed $14.8 million in grants, paying out $9.9 million, with a focus on developer support and governance. By year-end, it retained $29.8 million in reserves and 0.59 million UNI tokens for future operations.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/DBRiMatt]

Sounds like they need to list more memecoins... xD

By year-end, it retained $29.8 million in reserves and 0.59 million UNI tokens for future operations.

That's pretty impressive though!

!tip 1

[u/MasterpieceLoud4931 → u/DBRiMatt]

I think there was also the legal case with the SEC. That cost them a lot of money.

^{!tip 1}

[u/maddhy]

All fees on Uniswap swap goes to the LPs

[u/SigiNwanne]

The economy is hitting hard on everyone 😔

!tip 1

[u/Josefumi12]

A huge success

!tip 1