The Uniswap Foundation, the driving force behind the leading decentralized exchange (DEX) in the crypto industry, is taking steps towards transparency by disclosing its crypto assets ahead of a governance vote on a new fee mechanism. In a recent blog post, the foundation shared its financials for the first quarter of 2024 with the Uniswap (UNI) token-holding community. According to the report, as of March 31, 2024, the foundation had $41.41 million in USD and stablecoins, as well as 0.73 million UNI tokens. The fiat cash and stablecoins will be used for grant-making and operating activities, while the UNI tokens will be awarded to employees. The foundation’s expected runway extends until the end of 2025, with $25.77 million allocated for grant commitments and incentives, $2.94 million reserved for previously committed grants, and $12.7 million set aside for operational expenses. Additionally, the foundation has already disbursed over $4 million in grants and incurred $1.03 million in operating expenses. These financial disclosures coincide with an upcoming governance vote in the Uniswap community regarding a new autonomous fee collection system, scheduled for May 31. The proposed mechanism aims to make fee adjustments more dynamic, reduce the burden on Uniswap Governance, and maintain the protocol’s “credible neutrality.” The Uniswap Foundation initially introduced the fee mechanism in February as a way to boost the participation of UNI token holders in governance votes.