Summary
- The Uniswap (UNI) Foundation has announced the establishment of a new corporate entity to oversee protocol governance applying Wyoming's DAO law.
- The foundation is committing to regulatory and tax compliance, and is preparing measures to allocate a portion of LP fees to the DAO treasury.
- The legal counsel stated that this initiative is to formalize Uniswap governance and protect participants in collective decision-making.
The Uniswap (UNI) Foundation has announced the establishment of a new corporate entity responsible for protocol governance under Wyoming's Decentralized Autonomous Organization (DAO) 'DUNA' framework, committing to regulatory and tax compliance.
According to The Block, a cryptocurrency-focused media outlet, on the 11th (local time), Uniswap DAO is poised to become the largest DAO to adopt this legal structure. The foundation is also preparing a plan to allocate a portion of LP fees to the DAO treasury.
The Uniswap Foundation's legal counsel stated, "This move is intended to formalize Uniswap's governance and protect participating members in joint decision-making."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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