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Daily Defi News from Across the Web

Compound and Uniswap Plans to Institute Grant Programs


The two DeFi protocols, Uniswap and Compound have announced their plans for instituting official grant programs. Compound is a decentralized money market, and it has announced its active proposal to give token holders the power to pay a specific amount of its native token to a particular contributor.

From all indications, this proposal by the DeFi money market may likely pass successfully. The reason being that it has major supporters like Robert Lesner, Pantera Capital, and InstaDapp backing up the proposal.

From what they posted on the forum before the new proposal, this latest change will give Compound’s Comptroller contract an easy way to pay Compound contributors.

Uniswap proposal

The proposal which Uniswap presented includes a new governance framework. It is now left for the Uniswap community to decide if they approve and want to adopt it. According to our reports, Uniswap titles their proposal as “Uniswap Grants Program” by jesses Walden from Variant Fund.

This program aims at providing valuable resources that will contribute to the growth of the ecosystem. Uniswap proposes a maximum quarterly grant budget of $750,000, including a 6-month space between reassessments that must be made on the budget & caps.

Uniswap Proposal aim

Another aim of the Uniswap proposal is to establish a six-man committee that will include five reviewers and one lead. According to Uniswap, the committee will be responsible for holding every grant program and ensure its success. They’re also responsible for returning excess funds to the Uniswap treasure.

According to Jesse, the committee members include Ken Ng, who is the leader of the committee. Others will be reviewers such as jesses Walden, Monet Supply, Robert Leshner, Kain Warwick, plus a member of Uniswap company.

Also, it seems that just like what we expect with the Compound proposal, the community will likely approve the Uniswap proposals. The founder of Uniswap, Hayden Adams, took to his Twitter account to announce and broadcast their new proposal.



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