The funds received will be spent on 

1. UI/UX improvement ($5,000):
This will be used for redesigning an improved UI/UX for the app and integrating the Uniswap token swap web app.

2. Exclusive support and integration for ten stablecoins and utility tokens on the Uniswap/arbitrum ecosystem ($40,000):
The funds provided will be used for the development of the backend and frontend sides of things for token transaction verification and wallet integration, among many others. This will require a backend developer, a mobile application developer, a DevOps engineer, and a blockchain developer, with an average cost of $5k/dev per month for a duration of two to three months.

3. Integration and support for more web2 and web3 service providers ($30,000):
This will be used for API integration, API server hosting, etc. It will be used for integration with existing insurance protocols in the Arbitrum ecosystem, like Opencover. It will involve a backend engineer and a devOps engineer.

4. Security audit and public testing ($30,000)
The app will go through several testing phases and an external audit by a reputable auditing firm like Credshield or Consensys.
- Alpha and Beta Testing:  $15,000
- External Auditing: $15,000