The Uniswap Foundation proposed to establish a new legal entity DUNI for its DAO under the "DUNA" framework in Wyoming, maintaining the existing governance structure while having the ability to hire service providers, sign contracts, and fulfill compliance obligations. This entity will be allocated a value of $16.5 million in UNI to cover anticipated historical taxes and penalties of less than $10 million, and to establish a legal defense budget. The DUNA framework provides a legal basis for subsequent protocol fees, which will go into the DAO treasury and cannot be directly distributed to UNI holders. (The Block)