Uniswap Community Approves Proposal for New Legal Entity

According to Foresight News, the Uniswap community has voted in favor of a temperature check proposal to establish a new legal entity named DUNI. A second on-chain vote will be conducted in the future. Previously, the Uniswap Foundation proposed creating this new legal entity under the decentralized unincorporated nonprofit association (DUNA) framework in Wyoming. The proposal includes allocating $16.5 million worth of UNI tokens to DUNI for covering past tax obligations and legal defense budgets. This new entity will not alter the Uniswap protocol, tokens, or governance structure, and revenue from fees cannot be directly distributed to UNI holders. The Uniswap Foundation stated that adopting the DUNA framework will facilitate the introduction of protocol fees, allowing a small portion of liquidity provider fees to be transferred to the DAO treasury.