The Uniswap Foundation plans to adopt Wyoming’s DUNA legal framework and establish a “DUNI” entity to pave the way for protocol fees.
Uniswap Foundation proposed to establish a new legal entity named "DUNI" for its governance organization under the framework of "Decentralized Unregistered Non-profit Association (DUNA)" in Wyoming, in order to retain the existing governance structure and meet compliance, tax, and contract signing needs. The proposal plans to allocate 16.5 million UNI to this entity to settle an estimated less than 10 million historical taxes and fines, and establish a legal defense budget. The Foundation's Chief Legal Counsel stated that this move will lay the foundation for future protocol fees (part of LP fees transferred to the DAO treasury). Under this framework, fee revenue cannot be directly distributed to UNI holders, and will not change Uniswap's decentralized governance model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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