📅 August 10 | United States
Decentralized exchange giant Uniswap may be about to ignite a revenue engine that has remained dormant since its inception. The Uniswap Foundation has submitted a proposal to implement a “fee switch” and wrap its DAO under a legal entity registered in Wyoming called DUNA Wrapper. This move would not only open the door to directly monetizing the protocol, but could also mark a turning point in the governance model of one of the pillars of DeFi.
From Open Source… to a More Robust Business Model
Uniswap, famous for its policy of not charging additional fees beyond the swap fee intended for LPs (liquidity providers), has so far avoided activating the fee switch, which would divert part of those fees directly to the protocol's treasury. This measure, according to the proposal, would strengthen the DAO's reserves, finance development, and address regulatory challenges with greater resources.
The plan includes the creation of a specific legal structure in Wyoming: the DUNA Wrapper, designed to wrap the DAO in a corporate framework recognizable by regulators and banks, while maintaining its decentralized essence. Wyoming has become a benchmark for this type of legal entity thanks to its pioneering DAO legislation.
If the community approves the proposal, the change would be significant:
Direct revenue for the DAO, with multi-million dollar potential depending on trading volume.
Greater legal protection against lawsuits or regulatory disputes.
An institutional foundation that could attract investors who currently view DAOs as legally fragile entities.
Critics warn that the measure could discourage some users who value the absence of additional fees, while others see it as an inevitable step for Uniswap to compete long-term in an increasingly professionalized and regulated DeFi environment.
This debate is not minor: activating the fee switch touches Uniswap's DNA, and the outcome could redefine the way decentralized protocols finance their own evolution.
Topic Opinion:
The sustainability of a leading protocol cannot depend solely on the goodwill of the community or external funding. The challenge is implementing the change without losing the decentralized essence that made Uniswap great. If executed well, it could be an example of how to mature a protocol without falling into excessive centralization.
💬Does activating the fee switch strengthen Uniswap or betray its original philosophy?
Leave your comment...
