According to breaking news, the Uniswap (UNI) Foundation has presented the “Duna DAO” structure, paving the way for the long-awaited fee switch feature. Following this development, there was an increase in the price of UNI. Chart showing the rise in the price of UNI. The new legal entity, known as “DUNI,” will retain the Uniswap DAO's existing governance system while also gaining formal powers such as contracting with service providers and ensuring legal and tax compliance. This will make the Uniswap DAO the largest decentralized organization to adopt this legal framework. Under the proposal, DUNI would be allocated $16.5 million in UNI to cover past tax liabilities and its legal defense budget. Because the organization never elected corporation status for tax purposes, it expects the total amount to be paid to the Internal Revenue Service (IRS), including penalties, to be under $10 million. The foundation's statement noted that the transition to the DUNA framework will pave the way for Uniswap to enable protocol fees, and a portion of liquidity provider (LP) fees can be transferred to the DAO treasury. *This is not investment advice. Continue Reading: BREAKING: This Altcoin Has Finally Introduced the New Feature Everyone Has Been Waiting For – Significant Price Volatility Observed
