On Monday, the Uniswap Foundation launched the Unichain Developer Grants to drive innovation across Unichain. This comes roughly a week after Uniswap unveiled Unichain, a new layer-2 designed for DeFi protocols.
Unichain Developer Grants will support builders exploring Novel Swapping Mechanisms, Innovation upon the DeFi Experience, and Improvements to Liquidity Infrastructure.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades. UNI, the native token of Uniswap, is currently trading at $8.137, up 3% in the last 24 hours.