Deep Tide TechFlow News, August 11, according to The Block report, the decentralized exchange Uniswap Foundation proposed to establish a new legal entity for its governance organization, adopting the Decentralized Unincorporated Nonprofit Association (DUNA) framework of Wyoming. The proposal will allocate $16.5 million worth of UNI tokens to the new entity DUNI for covering past tax and legal defense budgets.

Uniswap Foundation's General Counsel Brian Nistler stated that adopting the DUNA framework will create conditions for opening protocol fee generation. According to reports, the new entity does not change the Uniswap protocol, tokens, or governance structure, and fee revenue cannot be directly distributed to UNI holders.