#CPIWatch
The new legal entity, known as “DUNI,” will retain the Uniswap DAO's existing governance system while also gaining formal powers such as contracting with service providers and ensuring legal and tax compliance. ..................!
This will make the Uniswap DAO the largest decentralized organization to adopt this legal framework. !........-.......!
Under the proposal, DUNI would be allocated $16.5 million in UNI to cover past tax liabilities and its legal defense budget. :....!....:
Because the organization never elected corporation status for tax purposes, it expects the total amount to be paid to the Internal Revenue Service. ...............
