|
|
"With the news coming out, there have been voices in the community questioning whether the foundation had just applied for a substantial amount of funding. Do they still need to charge fees? Before addressing this issue, it's essential to clarify the relationship between the Uniswap protocol, Uniswap Labs, and the Uniswap Foundation.
On October 10, a proposal was initiated, requesting the allocation of $46.2 million to support work for the next 2 years. Can this funding be used for the work of Uniswap Labs? In reality, according to the official statement, the various entities of Uniswap are independent of each other. Looking at the expenditures of the Uniswap Foundation, there is no indication that funds were allocated to Uniswap Labs. These funds are primarily used for various grants and operations.
Here's the distinction between Uniswap, Uniswap Labs, and the Uniswap Foundation:
1. Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain, allowing permissionless token swaps and liquidity provision. Its goal is to serve as a liquidity layer, providing an alternative to traditional financial exchanges without the need for permission.
2. Uniswap Labs is a company responsible for building the foundation of the Uniswap protocol and developing products to enhance its usability. It can be understood as the core development company of the Uniswap protocol. Uniswap Labs charges fees for transactions through the Uniswap frontend. This suggests that Uniswap Labs considers the frontend to be a product developed by their centralized team, separate from the Uniswap protocol. This is distinct from the Uniswap protocol fees determined by Uniswap governance.
3. Uniswap Foundation (UF) is a non-profit organization established to support the growth, decentralization, and sustainability of decentralized finance (DeFi), particularly the Uniswap protocol. Its establishment received support from the Uniswap community through governance proposals. UF operates independently from other entities within the Uniswap ecosystem, including Uniswap Labs, with a focus on building a robust ecosystem for the long-term development, improvement, and maintenance of the Uniswap protocol.
These entities collectively promote the growth and sustainability of the Uniswap protocol while maintaining a degree of independence to preserve the decentralized nature of the ecosystem." |
|
Post time 24-10-2023 21:28:20