The Uniswap Foundation plans to establish a legal entity for its governance organization under the Wyoming "DUNA DAO" framework.

According to Odaily Planet Daily, the decentralized exchange Uniswap Foundation has proposed establishing a new legal entity for its governance organization, adopting the Wyoming Decentralized Unincorporated Nonprofit Organization (DUNA) framework. The proposal would allocate $16.5 million worth of UNI tokens to the new entity, DUNI, to cover past tax and legal defense budgets. The new entity reportedly does not alter the Uniswap protocol, token, or governance structure, and fee revenue cannot be directly distributed to UNI holders. (The Block)