The Uniswap Foundation, the group behind decentralized exchange (dex), Uniswap, has announced its first wave of foundation grants. It plans to distribute $1.8 Million total through 14 grants. The UF announced that Uniswap Diamond will receive a little more than $800K, a project being developed by GFX Labs.
Uniswap will distribute $1.8 million to 14 different projects
The Uniswap Foundation announced its first wave of grants on September 21. These grants are intended to support the decentralized finance (defi), ecosystem, and advance research and development. According to the UF the foundation will distribute $1.8 million through 14 grants. The largest amount will be given to the project Uniswap Diamond. GFX Labs is currently working on the Uniswap Diamond project. It will receive a total amount of $808 7,725 in 3 disbursements. According to the UF, the project is "one the most ambitious ever funded by Uniswap Grants."
Other grants will go to projects such as Uniswap.fish, formerly Uniswap Calculator, an Uniswap data extract tool called Numoen and a Uniswap v3 course. UF details how the grants' scope and size were divided into three categories.
- Protocol Growth includes a decentralized volatility Oracle and a data analysis instrument that extracts data from Uniswap into a CSV format.
- Community Growth includes a Uniswap v3 course and events in Latin America and Africa.
- Governance Stewardship will include a deep dive into the status of Uniswap delegation. This will translate into a series recommendations to improve governance.
Uniswap will also give community-based grants to support defi in Latin America, Africa. This includes a series of events, workshops and gatherings in Latin America and sponsorship of the Ghana Crypto and Defi Summit 2022.
What do you think of the Uniswap Foundation distributing $1.8 Million in grants to 14 recipients? Please comment below to let us know your thoughts on this topic.
Frequently Asked Questions
Should You Buy or Sell Gold?
In the past, gold was considered a haven for investors during economic turmoil. However, today many people are turning away from traditional investments such as stocks and bonds and instead looking toward precious metals such as gold.
Gold prices have been on an upward trend over recent years, but they remain relatively low compared to other commodities such as oil and silver.
Experts think this could change quickly. Experts believe that gold prices could skyrocket in the face of another global financial crisis.
They also note that gold is increasingly popular because of its perceived intrinsic value and potential return.
These are some things you should consider when considering gold investing.
- First, consider whether or not you need the money you’re saving for retirement. It is possible to save enough money to retire without investing in gold. Gold does offer an extra layer of protection for those who reach retirement age.
- Second, ensure you fully understand the risks involved in buying gold. Each one offers different levels security and flexibility.
- Remember that gold is not as safe as a bank account. It is possible to lose your gold coins.
Do your research before you buy gold. Protect your gold if you already have it.
Can I have physical gold in my IRA
Gold is money and not just paper currency. Gold is an asset people have used for thousands years as a place to store value and protect their wealth from economic uncertainty and inflation. Investors today use gold to diversify their portfolios because gold is more resilient to financial turmoil.
Many Americans are now more inclined to invest in precious metals like gold and silver than stocks or bonds. It’s not guaranteed that you’ll make any money investing gold, but there are several reasons it might be worthwhile to add gold to retirement funds.
Gold has historically performed better during financial panics than other assets. The S&P 500 dropped 21 percent in the same time period, while gold prices rose by nearly 100 percent between August 2011-early 2013. During these turbulent market times, gold was among few assets that outperformed the stocks.
Gold is one of the few assets that has virtually no counterparty risks. Your stock portfolio can fall, but you will still own your shares. But if you own gold, its value will increase even if the company you invested in defaults on its debt.
Finally, the liquidity that gold provides is unmatched. This means that, unlike most other investments, you can sell your gold anytime without worrying about finding another buyer. Because gold is so liquid compared to other investments, buying it in small amounts makes sense. This allows you take advantage of the short-term fluctuations that occur in the gold markets.
How can you withdraw from an IRA of Precious Metals?
First, you must decide if you wish to withdraw money from your IRA account. After that, you need to decide if you want to withdraw funds from an IRA account. Next, make sure you have enough money in order for you pay any fees or penalties.
If you are willing to pay a penalty for early withdrawal, you should consider opening a taxable brokerage account instead of an IRA. This option will require you to pay taxes on the amount that you withdraw.
Next, calculate how much money your IRA will allow you to withdraw. This calculation will depend on many factors including your age at the time of withdrawal, how long the account has been in your possession, and whether you plan to continue contributing towards your retirement plan.
Once you know what percentage of your total savings you’d like to convert into cash, you’ll need to determine which type of IRA you want to use. Traditional IRAs let you withdraw money tax-free after you turn 59 1/2, while Roth IRAs require you to pay income taxes upfront but allow you access the earnings later without paying any additional taxes.
Finally, you’ll need to open a brokerage account once these calculations are completed. Brokers often offer promotional offers and signup bonuses to encourage people into opening accounts. However, a debit card is better than a card. This will save you unnecessary fees.
When it’s time to make withdrawals from your precious-metal IRA, you’ll need a place to keep your coins safe. Some storage facilities will accept bullion bars, others require you to buy individual coins. Before you choose one, weigh the pros and cons.
Bullion bars are easier to store than individual coins. However, each coin will need to be counted individually. However, keeping individual coins in a separate place allows you to easily track their values.
Some people prefer to keep coins safe in a vault. Others prefer to store them in a safe deposit box. Regardless of the method you prefer, ensure that your bullion is safe so that you can continue to enjoy its benefits for many years.
Should you Invest In Gold For Retirement?
This will depend on how much money and whether you were able to invest in gold at the time that you started saving. You can invest in both options if you aren’t sure which option is best for you.
Not only is it a safe investment but gold can also provide potential returns. Retirement investors will find gold a worthy investment.
While most investments offer fixed rates of return, gold tends to fluctuate. Therefore, its value is subject to change over time.
However, it doesn’t necessarily mean that you shouldn’t invest your money in gold. Instead, it just means you should factor the fluctuations into your overall portfolio.
Another benefit of gold is that it’s a tangible asset. Gold can be stored more easily than stocks and bonds. It can be easily transported.
As long as you keep your gold in a secure location, you can always access it. Physical gold is not subject to storage fees.
Investing in gold can help protect against inflation. Because gold prices tend to rise along with other commodities, it’s a good way to hedge against rising costs.
Also, you’ll reap the benefits of having some savings invested in something with a stable value. Gold usually rises when the stock market falls.
Another advantage to investing in gold is the ability to sell it whenever you wish. You can easily liquidate your investment, just as with stocks. You don’t even have to wait until you retire.
If you do decide to invest in gold, make sure to diversify your holdings. You shouldn’t try to put all of your eggs into one basket.
Don’t purchase too much at once. Start with a few ounces. Then add more as needed.
Keep in mind that the goal is not to quickly become wealthy. Instead, the goal is to accumulate enough wealth that you don’t have to rely on Social Security.
Even though gold is not the best investment, it could be an excellent addition to any retirement plan.
What is the cost of gold IRA fees
An Individual Retirement Account (IRA) fee is $6 per month. This fee covers account maintenance fees, as well any investment costs that may be associated with your investments.
You may have to pay additional fees if you want to diversify your portfolio. The type of IRA you choose will determine the fees. For example, some companies offer free checking accounts but charge monthly fees for IRA accounts.
In addition, most providers charge annual management fees. These fees range between 0% and 1 percent. The average rate for a year is.25%. These rates are usually waived if you use a broker such as TD Ameritrade.
Statistics
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
External Links
cftc.gov
investopedia.com
- Are You a Good Candidate for a Gold IRA
- What are the Options Types, Spreads and Example. Risk Metrics
forbes.com
- Gold IRA – Add Sparkle to Your Retirement Nest Egg
- Understanding China’s Evergrande Crisis – Forbes Advisor
bbb.org
How To
The best place to buy silver or gold online
Understanding how gold works is essential before you buy it. Gold is a precious metal similar to platinum. It’s very rare and is used as money because of its durability and resistance to corrosion. It is hard to use, so most people prefer jewelry made of it to real bars of gold.
There are two types currently available: legal tender and bullion. Legal tender coins are minted for circulation in a country and usually include denominations like $1, $5, $10, etc.
Bullion coin are not intended for investment. However, their value will increase with inflation.
They can’t be exchanged in currency exchange systems. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. Every dollar spent on gold purchases, the buyer receives one gram of gold.
When looking to buy precious metals, the next thing you should be aware of is where it can be purchased. There are many options for buying gold directly from dealers. First, go to your local coin shop. Another option is to go through a reputable site like eBay. You can also look into buying gold online from private sellers.
Private sellers are individuals who offer to sell gold at retail or wholesale prices. When selling gold through private sellers, you pay a commission fee of 10% to 15% per transaction. You would receive less money from a private buyer than you would from a coin store or eBay. This option can be a good choice for investing in gold because it allows you to control the price.
The other option is to purchase physical gold. You can store physical gold much more easily than you can with paper certificates. However, it still needs to be safe. Physical gold should be stored in an impenetrable container, such a vault and safety deposit box to ensure its safety.
To purchase gold by yourself, you can visit a bank and a pawnshop. A bank can offer you a loan for the amount that you need to buy gold. Pawnshops are small establishments allowing customers to borrow money against items they bring. Banks usually charge higher interest rates that pawn shops.
A third way to buy gold? Simply ask someone else! Selling gold is easy too. It is easy to sell gold by contacting a company like GoldMoney.com. You can create a simple account immediately and begin receiving payments.
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By: Jamie Redman
Title: Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients
Sourced From: news.bitcoin.com/uniswap-foundation-to-distribute-1-8-million-in-grants-to-14-recipients/
Published Date: Thu, 22 Sep 2022 21:30:13 +0000
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