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Uniswap Founder Clarifies: Project Was Not Incubated by the Ethereum Foundation, but Is an Independent, Externally Funded Entity
Uniswap founder Hayden Adams posted that he is deeply grateful for the long-standing funding and multifaceted support provided by the Ethereum Foundation (EF), but he specifically clarified that Uniswap was not incubated by the EF; rather, he participated as an external grant recipient with close personal ties to the EF. Previously, EF Chair Aya Miyaguchi and co-founder Vitalik Buterin publicly shared their views on the EF’s future direction. Miyaguchi noted that one reason for proposing the EF’s mission framework at the end of last year was the growing deviation in technical discussions.
MegaETH Foundation Initiates MEGA Token Buyback, First Tranche Funded by All Net Revenue from USDm
the MegaETH Foundation has officially launched the MEGA token buyback program, with the first repurchase of MEGA completed on May 7. The funds used for this initial buyback came from the total net revenue generated by the USDm issuer as of the end of April. Officials emphasized that USDm is neither issued nor operated by the MegaETH Foundation or MegaLabs. The current supply of USDm stands at approximately $480 million. Future MEGA buybacks will be executed through a programmatic mechanism as much as possible, operating automatically based on preset rules rather than being timed discretionarily by the foundation. The amount of funds available for repurchase in each subsequent period will not be fixed and will be influenced by the supply of USDm and changes in the yield of its underlying reserve assets.
Hyperliquid Announces Establishment of Policy Center in the US to Promote Regulatory Transparency for Decentralized Derivatives Markets
According to official news, Hyperliquid has established the Hyperliquid Policy Center (HPC) in the United States. Funded by the Hyper Foundation, this institution aims to advocate for legal clarity and protection for US users and developers. HPC will primarily focus on the on-chain perpetual contracts sector, advocating for the development of a regulatory framework that reflects the advantages of decentralized markets. It seeks to address the current issue within the US legal framework, where reliance on centralized intermediaries prevents retail investors from legally participating in decentralized derivatives trading. HPC is committed to establishing legal domestic participation pathways for a full range of financial instruments, including on-chain perpetual contracts, spot digital assets, prediction markets, and tokenized securities.