Uniswap Foundation Proposes Establishing a Wyoming DUNA Framework to Promote Protocol Fee Mechanism

According to reports from HashChain, the Uniswap Foundation suggests establishing a 'DUNA' legal entity for its DAO governance organization in the state of Wyoming to meet its compliance and tax needs. They plan to allocate $16.5 million worth of UNI to clear past tax and legal protection budgets. This move will pave the way for the fee mechanism of the Uniswap protocol, with part of the LP fees flowing into the DAO treasury. The new entity will not change the Uniswap protocol, tokens, or governance structure, and the fee income cannot be directly distributed to UNI holders. Cowrie Consulting will serve as the manager of DUNI.