Uniswap budgets $300K for V4 development with $150M token launch KPI
The decentralized exchange's grant is valid for two years and may be extended based on performance.
Decentralized exchange Uniswap is allocating $300,000 for an engineering team to develop its V4 front-end for new pool launchers and liquidity providers.
According to the Jan. 16 announcement, the deployment of Uniswap V4 would need to, in part, capture "the market of long tail assets and small capitalization tokens" currently managed on Uniswap V2. However, V2 is currently very popular with users, managing $1.8 billion in total value locked despite the introduction of Uniswap V3 more than two years ago.
"[A]ccording to recent Dune Analytics data, over 90% of new Uniswap pools are still being created on V2," developers wrote. Therefore, Uniswap staff are seeking to improve the user interface of the upcoming V4 exchange to attract capital.
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