Uniswap Foundation Opens Applications For ‘Unichain Developer Grants’, Bolstering Development Of Its New Layer 2
In Brief
Uniswap Foundation’s grant program offers resources for builders exploring swapping mechanisms, enhancing DeFi experience, and improving liquidity infrastructure.
Organization committed to fostering the decentralized growth of the Uniswap protocol, Uniswap Foundation introduced Unichain Developer Grants, following the launch of Unichain, a new Layer 2 scaling solution for Ethereum, specifically designed for decentralized finance (DeFi) and powered by Optimism’s Superchain.
The Unichain Developer Grants are aimed at supporting the growing developer community around Unichain. The program offers resources and opportunities for developers working on new swapping mechanisms, enhancing the DeFi experience, and improving liquidity infrastructure.
This initiative is broad in scope and includes various programs such as an open call for builders, hackathons, retroactive grants, a subsidy fund, and support through Optimism Collective grants.
Developers with ideas that can contribute to the growth of the Uniswap community are encouraged by the Uniswap Foundation to apply for developer grants to receive funding, technical support, and go-to-market resources for their projects.
Meanwhile, high-potential Unichain projects created during hackathons and coding competitions globally can be submitted to the Infinite Hackathon. These entries will be reviewed by a committee of DeFi experts, researchers, protocol engineers, institutional leaders, and investors. Approved projects may receive grants of up to $7,500, which will be awarded on a monthly basis.
Additionally, emerging projects that have shown progress and impact are eligible for further funding from the Uniswap Foundation. As with the hackathon projects, submissions will be evaluated by a panel of experts, and successful applicants can receive grants of up to $7,500.
Starting in 2025, developers and teams will also be able to apply for funding to cover audit costs with retro grants. This part of the program will be overseen by Areta, with more information on how to apply for the audit subsidy expected soon.
Furthermore, as part of the Superchain ecosystem, Unichain developers will also have the opportunity to apply for funding through the Optimism Collective Grants program.
Developers interested in building on Unichain are encouraged to apply for the builder open call and engage with the dedicated Discord channel for further information and support.
Uniswap Labs Introduces Unichain
Uniswap Labs launched a testnet for Unichain last week, which is designed to be a hub for decentralized finance (DeFi) and liquidity in a multichain environment. Unichain offers low transaction costs while maintaining decentralization, fast transactions with near-instant finality, and seamless multi-chain swapping. It is open-source, enabling components to be adopted by other blockchains, and is specifically built to scale Ethereum.
It also aims to enhance the capabilities of DeFi developers by offering new chain-level features that help them better serve their users. The Uniswap protocol, a decentralized exchange with a cumulative trading volume of $2.4 trillion, will be deployed on the Unichain testnet, starting with V2 and V3. A “preview version” of its Uniswap V4 is expected to launch on the testnet by the end of the year.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
