Uniswap Foundation's financial statements have drawn criticism from the community, revealing a team that is "overpaid but incompetent."
TL;DR
Uniswap Foundation's 2024 financial statements reveal high compensation costs of $4.8 million for limited output, sparking community criticism over inefficiency compared to Optimism Grants Committee's performance.
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According to Foresight News , Uniswap Foundation's 2024 financial statements show that the foundation's compensation costs that year were $4.8 million, while its actual output was only "$10 million in grants." In contrast, the Optimism Grants Committee's staff costs were $2.6 million, managing a grant budget of $63.5 million. The community stated, "This clearly demonstrates that the Uniswap Foundation is severely overpaying its own staff. The Uniswap Foundation's executive compensation is comparable to the Optimism Grants Committee's operating costs, yet it provides only 20% of the total funding. UNI holders have the right to demand that the foundation's board of directors clearly explain the value it creates."