The proposal "DUNI" put forward by Uniswap can actually be seen as a groundwork for the future release of value for $UNI . The fee switch, which everyone was familiar with, was hotly debated in 2024 but was ultimately halted by a16z, mainly due to compliance issues. The core of this proposal is to leverage Wyoming's DUNA legal framework to give the protocol a layer of legal identity. The DUNA model did not suddenly emerge; a16z had written related articles as early as March 2024, clearly indicating that they were promoting it. This framework is specifically tailored for DAOs, so there is a general belief that the chances of this progressing are quite high. Currently, it is still in the RFC stage, and in the short term, it may first launch features that are easier to execute, like Unichain Staking, before gradually transitioning to the fee switch. From a broader perspective, Uniswap is addressing long-term institutional barriers; although this process will not happen overnight, the direction is clear and is preparing for the actual launch of UNI in the future.