Hi all,
Important context on the figures above. Since this report covers a period before the UNIfication proposal passed, it does not incorporate any of the changes that resulted from it.
The 2025 financials posted are intended to be a snapshot in time, as we publish every quarter. In these posts, we have described our spending and our projected runway as it stands each quarter, which we consider to be best practice. Because this was prepared to reflect Q4 2025, it reflected the Foundation’s plans to continue growing staff and expanding grant impact as a standalone org (pre-UNIfication). Those plans have changed with UNIfication passing, and the numbers in the post are not representative of what the budget looks like going forward for Q1 2026 and beyond.
Our full Q1 2026 financial summary will reflect post-UNIfication operations, budget, and scope. We’ll have that out by May 1, 2026.
In the meantime some context on what’s changed with UNIfication: most Foundation staff transitioned to Labs, which absorbed the majority of the work (protocol stewardship, ecosystem support, developer relations) that was previously handled under the Foundation. That’s the main driver behind the $26.3M opex number, which you’ll see significantly reduced in Q1 financial summaries. The vast majority of the remaining UF treasury will be allocated towards grants making and ecosystem growth activities.
The Foundation retains a small, dedicated team focused on grant programs. As outlined in the UNIfication proposal, the Foundation’s existing assets fund its remaining scope. As part of this, the Foundation does not plan to request additional funds from governance.