According to Techub News, the Uniswap Foundation provides Auditless with $1.2 million to support protocol innovation. Auditless will receive funding for at least one year and will form a team to achieve its goals.

With this funding, Auditless will create and operate the Protocol Grants Program, which aims to further create value for all stakeholders and improve the core user experience of the protocol by reducing execution costs and delays, and by exploring other opportunities.

The results of Auditless's work will be a protocol upgrade or a supplementary layer of the protocol stack. It will also explore opportunities for future protocol expansion and improvement, which may extend to token issuance, routing, lending, etc.