The Uniswap Foundation announced a $1.2 million grant to Auditless on X Platform to support protocol innovation. Auditless will receive funding for at least one year and will build a team to achieve its goals.
With this grant, Auditless will create and operate the Protocol Grants Program, which aims to improve the core user experience of the protocol by reducing execution costs and latency, and by exploring other opportunities to further create value for all stakeholders.
The results of Auditless' work will be protocol upgrades or additional layers of the protocol stack, and it will also explore opportunities for future protocol expansion and improvement, which may extend to token issuance, routing, lending, etc.