Uniswap Foundation votes on a massive 165.5m USD funding. Why? Uniswap v4 and Unichain launch is underwhelming. In more than a month: • Uni v4 TVL barely at 85M • Unichain TVL just 8.2M To boost growth, UF's proposed 165.5m funding will be split: • 95.4M for grants (developer programs, Core Contributors, Validators). • 25.1M for operations (team expansion, governance tooling). • 45M for liquidity incentives You see, Uni v4 isn't just a DEX: it's a liquidity platform and Hooks are apps built on it. Hooks should drive growth for Uni v4 so grants are needed to jumpstart the process. Detailed breakdown on Grants budget: 45M in LP incentives will be used for: • 24M over 6 months to incentivize migrating liquidity to Uni v4 • 21M for 3 months to grow Unichain TVL from current 8.2m to $750m In perspective Aerodrome mints 40-50M AERO monthly for LP incentives. Proposals passed TEMP CHECK but not without criticism: In a shifting era where Aave proposes buying back 1M of AAVE per week and Maker 30/month buy backs, UNI holders are a milking cow with now value accrual to the token. UNI has no fee switch while Uniswap Labs generated 171M USD in front-end fees in 2 years. It all comes down to how Uniswap organizations are structured: • Uniswap Labs focuses on technical protocol development • Uniswap Foundation drives ecosystem growth, governance, and funding initiatives (e.g., grants, liquidity incentives) Smart lawyers. Aave and Maker have a more aligned relationship with token holders, and I don't see why front-end fees couldn't be shared with UNI holders. Anyway, other criticisms focus on high salaries for the core team, Gauntlet being in charge of liquidity incentive implementation, and establishing a new centralized DAO legal structure (DUNA). I'm a small Uniswap delegate and voted YES but with big concerns for the UNI holders' future. Incentives are not aligned with the holders. Yet, I'm a big fan of Uniswap and its driving role in DeFi. Uni v4 & Unichain growth is abysmal. They need incentives for growth. The next Uni DAO vote should be on UNI value accrual. If you agree, consider delegating UNI to me: 0x3DDC7d25c7a1dc381443e491Bbf1Caa8928A05B0 Note: You can use same address to delegate OP, AAVE and LDO