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The Uniswap Foundation plans to establish a legal entity for the governance organization under the "DUNA DAO" framework in Wyoming.
Odaily News The decentralized exchange Uniswap Foundation has proposed to establish a new legal entity for its governance organization, adopting the Decentralized Unincorporated Nonprofit Association (DUNA) framework in Wyoming. The proposal will allocate 16.5 million USD worth of UNI tokens to the new entity DUNI for past tax and legal defense budgets. It is reported that the new entity does not change the Uniswap protocol, tokens, or governance structure, and that fee revenues cannot be directly distributed to UNI holders. (The Block)