PANews August 11 news, according to The Block, the Uniswap Foundation proposed to establish a Wyoming 'DUNA' legal entity for its DAO governance organization to meet compliance and tax requirements, and plans to allocate $16.5 million worth of UNI to settle past tax and legal defense budgets. This move will pave the way for activating the fee mechanism for the Uniswap protocol, with a portion of LP fees flowing into the DAO treasury. The new entity does not change the Uniswap protocol, tokens, or governance structure, and fee income cannot be directly distributed to UNI holders. Cowrie Consulting will serve as the DUNI administrator.
