The announcement of 'Unichain Developer Grants' by the Uniswap Foundation marks a pivotal moment for the growth of its new Layer 2 technology.

This organization is dedicated to promoting decentralized growth within the ecosystem. Uniswap protocol, Uniswap Foundation Following the introduction of Unichain, a new Layer 2 scaling solution tailored for Ethereum and powered by Optimism's Superchain, the Unichain Developer Grants have been established to support developer initiatives.

The Unichain Developer Grants are designed to empower the expanding community of developers around Unichain, offering vital resources and opportunities for those working on innovative swapping techniques, improving DeFi experiences, and enhancing liquidity frameworks.

This broad initiative includes diverse programs such as open calls for builders, hackathons, retroactive funding, a subsidy fund, and assistance through the Optimism Collective grants.

The Uniswap Foundation is encouraging developers with innovative ideas that can enrich the Uniswap community to apply for developer grants, which provide funding, technical guidance, and market entry resources for their endeavors.

Projects with notable potential submitted during global hackathons can enter the Infinite Hackathon, where they will be assessed by a panel of DeFi professionals, researchers, and stakeholders. Successful projects could receive grants totaling up to $7,500, awarded monthly.

Furthermore, projects demonstrating significant progress and impact may qualify for additional financial backing from the Uniswap Foundation, similar to the conditions for hackathon submissions. Approved initiatives can also receive grants of up to $7,500.

Beginning in 2025, there will be opportunities for developers and teams to apply for funding to cover audit expenses through retro grants. Oversight for this part of the program will be managed by Areta, with application details to be provided shortly.

In addition, as part of the Superchain ecosystem, developers working on Unichain can apply for support from the Optimism Collective Grants program.

Developers interested in creating on Unichain are encouraged to take part in the builder open call and join the dedicated Discord channel for more information and assistance.

Uniswap Labs Introduces Unichain

Uniswap Labs Just last week, Uniswap launched a testnet for Unichain, positioning it as a center for decentralized finance and liquidity within a multi-chain setup. Unichain promises low transaction fees while ensuring decentralization, along with rapid transactions boasting near-instant finality and smooth multi-chain swaps. Its open-source nature allows for the integration of components across other blockchains and it is specifically engineered to scale with Ethereum.

Moreover, Unichain is set to enrich the toolbox for DeFi developers by providing new chain-level functionalities that enable them to better cater to the needs of their users. The Uniswap protocol, which has facilitated an impressive cumulative trading volume of $2.4 trillion, will be deployed on the testnet, kicking off with V2 and V3. A preliminary version of Uniswap V4 is anticipated to grace the testnet by year’s end. Unichain Keep in mind, the information presented on this site does not constitute legal, tax, investment, financial advice, or guidance of any kind. Exercise caution and only invest what you can afford to lose; it's wise to seek independent financial advice if you have uncertainties. For additional details, please review the terms and conditions as well as the support resources made available by the issuer or advertiser. MetaversePost is committed to delivering accurate, impartial reporting; however, market fluctuations can occur unexpectedly.