Uniswap Seeks On-Chain Approval for New $62 Million Development Fund

The popular decentralized exchange, Uniswap, is requesting an on-chain approval for a $62 million funding boost for its developing arm, the Uniswap Foundation. This latest funding request comes as the second part of a previously earmarked $74 million funding initiative.

Timeline of Uniswap

UNI stayed in risky waters considering the inability of the bulls to push it outside September's range. However, that didn't stop the Uniswap network from making strides on the dApp growth front.

Anyone following the crypto regulatory space likely knows of Grayscale's recent court victory. However, some may have missed the legal excitement involving decentralized exchange, Uniswap.

Uniswap (UNI) bulls have fiercely defended the $4 price support level over the past week, but the bearish pressure is growing. Will the Uniswap bears seize control in the coming days?

Binance CEO Changpeng Zhao has an optimistic outlook on decentralized finance (DeFi) following the court's recent ruling on an investor suit against the decentralized crypto exchange (DEX) Uniswap.

Uniswap Labs has launched a Bug Bounty Program to encourage ethical hackers and security researchers to report vulnerabilities in its contracts. Successful disclosures can earn rewards of up to 2,250,000 USDC, targeting Universal Router Contract Code, Permit2 Contract Code, V3 Contract Code, and UniswapX Contract Code.

A U.S. District Judge has thrown out a class-action lawsuit targeting Uniswap, ruling that the decentralized finance (DeFi) platform bears no responsibility for scam tokens traded on its exchange.

A New York district judge ruled in favor of Uniswap that the network couldn't be considered responsible for the bad actors active on the network. However, market conditions failed to garner demand for UNI.

A United States District judge has rejected a lawsuit brought forth by a group of investors against Uniswap. The group blames Uniswap for their losses because the scam tokens they bought were on Uniswap's platform.

A federal judge in New York has dismissed a class-action lawsuit against Uniswap, ruling that the decentralized exchange was not liable for fraudulent token sales conducted on its platform. The decision has far-reaching implications for the DeFi sector and the application of existing securities laws.

A judge for the Southern District of New York has tossed a lawsuit against decentralized crypto exchange (DEX) Uniswap. The lawsuit alleged that Uniswap enabled the trading of “scam tokens” that ultimately caused damages to unsuspecting investors.