According to BlockBeats, on May 23, the Uniswap Foundation released its Q1 2025 financial summary. As of March 31, 2025, the assets held include $53.4 million in cash and stablecoins, 15.8 million UNI tokens (calculated as UNI), and 257 ETH. Based on the closing price on March 31, 2025, the total value of these tokens is approximately $95 million. In addition, another 5 million UNI were stored as collateral externally, and the foundation obtained a loan of 29 million US dollars based on this collateral. The loan is structured through a financial instrument that enables the foundation to obtain immediate USD liquidity without causing significant market impact, while providing downside protection for collateral assets and retaining additional upside potential. The US dollar cash and stablecoins held will be used to fund grants and daily operations, while a large amount of UNI reserves will be used as future operating capital reserves, while also retaining further upward income potential. The expected operating cycle can be maintained until January 2027, and the allocation of funds is as follows: In terms of funding commitments and incentives, the foundation has reserved a total of $115.1 million for grants: $99.8 million will be committed to expenditures in 2025 and 2026, and an additional $15.3 million will be used for historical grants that have been committed but not yet paid. In terms of operating expenses and employee token rewards, it is expected to use $33.3 million to support operations until January 2027.