Uniswap Launches Crypto Ventures Arm

by in DeFi News

Uniswap ventures DeFi

Decentralized cryptocurrency exchange Uniswap revealed the establishment of Uniswap Labs Ventures (ULV) to invest in web 3 development teams such as infrastructure and apps at various stages and levels.

Related: Morgan Stanley pointed to obstacles to the continued growth of DeFi

A blog post published by Uniswap says that the team is focused on supporting projects that have long-term goals and open communication with communities. Uniswap will help those projects to build and scale.

In addition, the Ventures team will take part in governance of portfolio protocols when relevant to support the evolution of the teams starting with Aave, Compound, MakerDAO, and Ethereum domains.

Uniswap invested in 11 crypto products and web 3 protocols. Among them are development platform Tenderly, interoperability protocol LayerZero, DeFi platforms MakerDAO, and Aave.

According to the data tracker DeFi Pulse, Uniswap is the fifth DeFi platform by Total Value Locked (TVL), which now stands at over $7 billion. TVL represents the size of the assets on the protocol.