<p><span style="font-weight: 400;">Cryptocurrency exchange Coinbase has invested 1.1 million USDC in Uniswap and PoolTogether in an effort to facilitate the two protocols' growth.</span></p> <p><span style="font-weight: 400;">The awards were issued through Coinbase's USDC Bootstrap Fund, which was originally launched in September of last year. </span><span style="font-weight: 400;">According to a previous </span><a href="https://blog.coinbase.com/coinbase-usdc-bootstrap-fund-invests-in-uniswap-and-pooltogether-9c847f0405dc"><span style="font-weight: 400;">announcement</span></a> post<span style="font-weight: 400;">, the fund aims to support decentralized finance (DeFi) projects by investing directly into their smart protocols. </span></p> <p><span style="font-weight: 400;">Last year, Coinbase put 1 million USDC apiece into money market protocol Compound and margin trading protocol dYdX. Any counterpart on the two platforms can borrow the USDC tokens on their crypto collateral.</span></p> <p><span style="font-weight: 400;">In a Wednesday <a href="https://blog.coinbase.com/coinbase-usdc-bootstrap-fund-invests-in-uniswap-and-pooltogether-9c847f0405dc">announcement</a>, Coinbase disclosed that it had provided financial support to two additional projects - Uniswap and PoolTogether. With Uniswap, the fund has injected 1 million USDC into the protocol's USDC/ETH pool. With saving game PoolTogther, Coinbase has invested 100,000 USDC as a spool sponsor to increase USDC depositors' potential rewards.</span></p> <p><span style="font-weight: 400;">Speaking of its investment in Uniswap, Coinbase noted that the protocol has grown considerably since launch and now has approximately $33 million of liquidity. </span></p> <p><span style="font-weight: 400;">"Their constant market maker model makes it easy to launch a liquid exchange for any token, and is increasingly becoming critical infrastructure for tokens and applications that need liquidity," Coinbase said.</span></p>