Establish Uniswap Governance as “DUNI,” a Wyoming DUNA
Vote: FOR
Link to Discussion
Link to Snapshot Vote
We believe the establishment of DUNI brings a much needed legal framework and protection for delegates. Granting delegates limited legal liability is a next step forward in ensuring that Uniswap’s governance can operate with certain clarity. Additionally, DUNI provides the legal infrastructure and confidence needed to explore and implement mechanisms like the fee switch.
However, we raise concerns on the vagueness in the time to execution in the proposal. While we understand at the moment it is unrealistic to expect a thorough timeline, we are looking forward to the quarterly and annual financial updates as mentioned from the Foundation. Further breakdown and spending of the significant $16.5m UNI funding is also essential for complete transparency.
All in all, it is for the best interests for delegates and the DAO as DUNI provides significant legal protections and clarity. There is little drawback to this proposal and potentially provides infrastructure to execute value accrual for holders. Therefore, we are voting in favor of the proposal.