Uniswap Proposal to Give DAO Legal Certainty, Says Foundation’s Counsel

Uniswap Foundation posted a proposal to establish a new legal person in Wyoming for uniswap management on Monday decentralized exchangeThe governing body of members, delegates and holders.

According to the proposal, Uniswap Management would become structured as a decentralized non -profit non -profit Wyoming (Duna) Association, allowing the group to operate with greater legal certainty, according to Uniswap Foundation Advisor Brian Nistler.

“Uniswap management [has] Never had a legal organization, “Nistler said Decipher. “By adopting Duna, Uniswap management would choose a certain structure that would be in the US, within Wyoming, which protects participation in all decisions-made activities.”

If Uniswap management agrees to become a duna, it would set a foundation for new things such as a treasure trove and employment of accountants and lawyers “without attributing an individual responsibility for his members,” Nistler said.

With greater legal security, Uniswap Management can also review the so -called replacement switch. The group excerpts several proposals that would allow Uniswap (Univen) the bearers of Token to get some of Dex’s commercial fees, but in recent years they have arrived, mainly because of the concern that the move could be violated by US securities laws.

Uniswap has generated $ 122 million in the last 30 days, using DEX $ 6 billion in DEGITAL PROPERTY, according to a Crypto Data Provider Break.

Uniswap management is a decentralized autonomous organization, or Gave. It operates without central authority, replacing the traditionally hierarchical management structure based on the community, where the owners of the Uni Tokene are occasionally voting on initiatives with their proportions.

Nistler admitted that Wyoming’s Framework Duna was “Roman and Typed”, and although the Uniswap administration would not be the first group to adopt it, “we would definitely be the biggest, which we believe is the precedent setting,” he said.

The Uniswap Foundation itself is a non-profit organization registered by the USA, funded by Uniswap Management but acts independently of the group, as well as Uniswap Labs, a company that initially developed Uniswap for Ethereum Blockchain.

Wyoming’s law Duna was adopted last year, providing organizations under control of members to gain legal recognition with the preservation of decentralization, according to Crypto Payroll and a compliance company with the course.

“Gives a given -in -legal position, allowing them to contract, possess property, sue and complain and pay taxes,” said in March. “Without legal structure, it is often considered general partnerships, which any token holder can be responsible for lawsuits.”

In a report on the spread of the White House in the cryptocurrency industry last month, the Government recognized Wyoming as one of the few countries with the Laws on Books for DASOS. There is Colorado Framework For the management of DOSA as limited associations of cooperation, such as Sportkdao, which hosts the annual Ethereum conference in Denver.

According to some legal framework, DASOS had to sacrifice decentralization in the past, but it would be a minimal change in Uniswap management on the chain, Nistler said.

“You are able to point out smart contracts and management procedures that you already have in place,” he said. “We will continue to be able to perform posts and proposals on the forum, get involved in discussion and vote to shoot-so that we ultimately have a vote on the chain.”