The Uniswap community takes the first step towards protocol fee switch-on through a "Establish DUNI Legal Entity" temperature check vote

BlockBeats News, September 4th, according to the Snapshot governance page, the Uniswap community has voted in favor of the "Establishment of DUNI Legal Entity" temperature check proposal, which will undergo a second on-chain vote. The proposal states that Uniswap intends to adopt a decentralized non-stock non-profit association registered in Wyoming (DUNA) as the legal structure for the governance protocol and establish a legal entity named "DUNI."

DUNI aims to maintain a decentralized governance structure while supporting off-chain operations such as contract signing, hiring service providers, and fulfilling regulatory and tax obligations. This entity will recognize the binding nature of on-chain governance proposals, providing members with legal structure and liability protection certainty without affecting the core mechanisms of the Uniswap protocol, UNI token, or on-chain governance.

In the vision of Uniswap governance evolution, governance can unlock protocol fees, fund innovation, build partnerships, and confidently address legal obligations.