Uniswap Foundation Proposes Wyoming DUNA for Legal Fee Distribution
On August 11, the Uniswap Foundation proposed the adoption of a Wyoming-registered Decentralized Unincorporated Nonprofit Association (DUNA) for its DAO on the Governance Forum. This entity, called 'DUNI,' aims to facilitate the distribution of over $100 million in fees generated from swaps last month.
Key points include:
- DUNI will enhance legal clarity and obligations for Uniswap.
- The proposal currently has limited engagement with 447 views and minimal comments.
- If approved, DUNI will operate under Wyoming’s DUNA framework.
- David Kerr from Cowrie is nominated as DUNI's Administrator, overseeing compliance and financial tasks.
- The Uniswap Foundation will serve as DUNI's Ministerial Agent, executing administrative functions without policy-setting powers.
- The "fee switch" could enable fee distributions to UNI holders, potentially impacting liquidity provider incentives.
- Uniswap collected $109.49 million in swap fees in July 2025, illustrating the financial stakes if the fee switch activates.
- The proposal includes transferring $16.5 million in UNI to cover taxes and operational services.
This transition could significantly impact Uniswap's governance and fee distribution mechanisms while ensuring compliance with regulatory requirements.