The Uniswap Foundation has proposed creating a legal entity in Wyoming to enhance the governance of Uniswap, a decentralized exchange. This new structure, a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA), aims to provide legal clarity for its members, delegates, and token holders, according to General Counsel Brian Nistler. He emphasized that Uniswap Governance has lacked a formal legal organization, and adopting the DUNA would facilitate decision-making and treasury management without exposing individual members to liability. This legal framework could also enable Uniswap to explore a fee switch, allowing UNI token holders to earn a share of trading fees, a move previously hindered by regulatory concerns. Uniswap has recently generated $122 million in fees, with $6 billion in assets on its platform. While Wyoming's DUNA law offers legal recognition to DAOs, it maintains decentralization, allowing Uniswap Governance to continue its community-driven decision-making processes. Nistler noted that this initiative could set a precedent for larger DAOs seeking legal structures. Read more AI-generated news on: https://app.chaingpt.org/news

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