The Uniswap team has made significant deposits to Coinbase, recently adding 1.13 million UNI tokens worth $7.47 million.
This follows a deposit of 1.19 million UNI ($9.11 million) just seven days earlier. Since July 4, 2024, the team has deposited a total of 8.3 million UNI tokens, valued at $65.95 million, with an average price of $7.95. The wallet still holds 700,000 UNI, worth approximately $4.63 million.
$UNI – @Uniswap Team continued to deposit 1.13M $UNI ($7.47M) onto #Coinbase 3 hours ago 😳
Notably, 7 days ago this wallet also deposited 1.19M $UNI ($9.11M) onto #Coinbase. The total amount of $UNI that has been deposited is 8.3M $UNI ($65.95M) with an average price of $7.95… https://t.co/OOzl23vgoh pic.twitter.com/sHWP3aBVWg
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 3, 2024
The Uniswap Treasury Working Group (UTWG), formed to address the volatility and underutilization of Uniswap’s treasury, plays a key role in these activities.
According to @karpatkey on X, the UTWG aims to recommend diverse treasury management strategies to ensure long-term sustainability and growth for the DAO. The group includes @karpatkey, @StableLab, @franklin_dao, and @AranaVentures.
The @Uniswap Treasury Working Group (UTWG) was formed to address the volatility and underutilization of Uniswap's treasury, and recommend diverse treasury management strategies that ensure long-term sustainability and growth for the DAO. The UTWG includes @karpatkey, @StableLab,… pic.twitter.com/Oimhsuf55W
— karpatkey (@karpatkey) August 2, 2024
UniSwap Treasury Brings Out 430 Million UNI Token Allocation To Support DAO Growth
Uniswap’s treasury, allocated 430 million UNI tokens in 2020 to support the DAO’s growth, has seen 96% of these funds unlocked and available as of Q2 2024. However, only 7% of the unlocked funds have been actively utilized across 21 withdrawals for initiatives such as grants, protocol incentives, and more, indicating a strategic preservation approach.
The funds have been allocated as follows:
– Uniswap Foundation Funding & Grants: Supporting growth and development projects.
– Protocol Incentives: Encouraging participation and adoption.
– Donations: Contributing to aligned causes.
– Delegation: Empowering community members in governance.
– Delegate Incentives: Compensating active governance participants.
– Working Groups’ Compensation: Funding specialized teams and research projects.
The UTWG will soon outline an Investment Policy Statement (IPS) to guide treasury management, focusing on three pillars: Treasury Management Principles and Objectives, Asset Management, and Operational Model and Governance.
These pillars aim to define roles, set investment goals, provide guidance, and evaluate performance. The strategy will balance long-term and short-term allocations to cover expenses without liquidating principal assets.
Future plans include developing token diversification and sustainable growth strategies, conducting interviews with leading DAOs and treasury managers, and inviting community participation in upcoming surveys to gather insights on treasury utilization.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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