Over the next 18 months, we will be selling our remaining UNI tokens to help fund our work through 2025, which will be four years after the initial UNI grant that funded DEF. We’ll be moving a quarter of our UNI tokens out of our multisig each quarter this year to make these monthly sales.
We pay our expenses in U.S. dollars, such as when we pay law firms who serve as our outside counsel on amicus briefs, lobbying firms who advocate for pro-DeFi positions at the federal and state level, and our employees who put out thoughtful content with the hopes of convincing lawmakers and regulators of DeFi’s potential.
We will continue to advocate on behalf of decentralized financial infrastructure on a daily basis. Given the steady stream of anti-crypto rulemaking coming from administrative agencies and certain members of congress, now is not the time to take our foot off the pedal. As always, we will provide the community with timely updates on the Fund’s activities and expenditures. We encourage you to subscribe to our weekly newsletter for regular updates and to review our monthly updates on our work and spending, which will include details of the monthly sales beginning with February’s update.
Should you have any questions about our plan, please do not hesitate to reach out to Miller at firstname.lastname@example.org or to our team on X @fund_defi.