Uniswap governance heads to an onchain vote today to decide whether to wrap itself in “DUNI,” a Wyoming-registered Decentralized Unincorporated Nonprofit Association (DUNA). The structure would give the DAO formal legal standing. What would not change: Uniswap the immutable protocol, the UNI token, or how votes are cast and executed.

The Uniswap Foundation (UF), which is spearheading the proposal, frames DUNI as a credibly neutral legal interface that enables the DAO to sign contracts, retain vendors, settle tax obligations, and shield active participants from personal liability. If passed, DUNI would act as a legal extension of Uniswap governance — binding itself to whatever…

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