๐๐๐ฐ Uniswap Proposes Legal Entity "DUNI" in Wyoming to Strengthen DAO Governance
Uniswap plans to establish DUNI, a legal entity under Wyomingโs Decentralized Unincorporated Nonprofit Association (DUNA) law, to enhance governance while preserving decentralization.
Key Points:
Legal Recognition & Protection: DUNI will provide legal standing, liability protection, and operational flexibility while keeping Uniswap decentralized.
Compliant DAO Growth: The DUNA framework aligns with U.S. laws (like the CLARITY Act), setting a precedent for DAOs to operate legally.
Operational Benefits: Enables contracts with developers, service providers, and potential activation of protocol fees, boosting DAO revenue.
U.S. Innovation Boost: Aims to attract crypto projects back to the U.S. by offering a clear legal structure.
Community Support: The proposal is under discussion, with backing from Uniswap delegates and policymakers, including U.S. Senator Cynthia Lummis.
If approved, DUNI could become a model for future DAOs, balancing decentralization with legal compliance.