10 August 2020 14:00, UTC

Anna Martynova

Following its first $1.8 mln funding round in April 2019, Uniswap decentralized exchange raised an additional $11 mln in its Series A funding round.This resulted in discussions about a potential governance token for the Uniswap protocol.

The latest increase in Uniswap capital will be used to improve the protocol and the third iteration of the exchange’s development, which will significantly improve capital efficiency and add new features.

The trading platform has received funding from prominent tech funds such as a16z and Union Square Ventures, as well as its own cryptocurrency funds such as Paradigm and ParaFi capital.

Image courtesy of DeCrypt

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