According to BlockBeats, on October 24, the Uniswap Foundation announced a grant of $1.2 million to Areta, aimed at creating an audit and security services market to enhance the security and integrity of the Uniswap v4 hook developer community.

Areta is a cryptocurrency-based investment bank and strategic governance company with extensive experience in executing complex financial transactions and aiding foundations and DAOs in developing decentralized governance structures. The Areta team possesses broad legal, business, and technical expertise in managing security audit markets and has a deep understanding of Uniswap v4 hooks.