Uniswap Foundation discloses Q1 financial overview: Allocated $115.1 million for grants, operating funds can sustain until January 2027.

On May 23, the Uniswap Foundation released its financial summary for the first quarter of 2025, and as of March 31, 2025, its holdings included $53.4 million in cash and stablecoins, 15.8 million UNI (in UNI) and 257 ETH, with a total value of approximately $95 million based on the closing price on March 31, 2025. In addition, another 5 million UNI was held as collateral and the Foundation secured a $29 million loan based on the collateral. The loan is structured through a financial instrument that enables the Fund to access immediate USD liquidity without significant market impact, while providing downside protection for collateral assets and retaining additional upside potential. USD cash and stablecoin holdings will be used to fund grants and day-to-day operations, while a large amount of UNI reserves will serve as a reserve of future operating funds, while also retaining room for further upside gains. The projected operating cycle can be maintained through January 2027, and the allocation of funds is as follows: In terms of grant commitments and incentives, the Foundation has set aside a total of $115.1 million for grants: $99.8 million for committed expenditures in 2025 and 2026, and $15.3 million for historical grants that have been committed but not yet disbursed. In terms of operating expenses and employee token rewards, $33.3 million is expected to be used to support operations until January 2027.