🦄 The DEX exchange Uniswap will formalize its DAO as a legal entity under Wyoming law to legally take a portion of trading fees and strengthen governance.

The DAO will be able to enter into contracts, protect itself in court, and $16.5 million in UNI will be allocated for taxes and legal support.

A portion of the fees from the pools will go into the DAO's treasury, but they cannot be directly distributed among token holders.