The UNISWAP Foundation, a well -funded non -profit organization focused on the growth and decentralization of the Uniswap protocol, announced a new legal proposal. According to the proposal, UNISWAP governance will adopt a decentralized non -profit association (DUNA) without constitution of Wyoming as a legal structure.
The new legal entity nicknamed Duni will allow the United Protocol to maintain its decentralized governance while carrying out legal clarity. In addition, the dominant adoption of decentralized finance (DEFI) in the past year has been catalyzed by clear regulatory frameworks in the United States, among other major jurisdictions.
“The establishment of UNISWAP governance as DUNA would strengthen critical limited liability for participants in governance. This step is intended to protect participants in governance against potential personal exposure to possible legal or fiscal responsibilities arising from the collective action taken by UNISWAP governance, “said the announcement.
How Duna’s proposal from the United Stone Foundation has a UNISWAP impact
The proposal for a legal entity to improve UNISWAP governance will ultimately have an impact on the UNISWAP protocol, including the UNA token. In addition, the proposal stressed that $ 16.5 million in united will be transferred to a portfolio formed to facilitate its legal defense budget and tax compliance.
Wyoming Senator Cynthia Lummis praised the Uniswap protocol and congratulated the state legislature for implementing clear regulations in crypto.
What is the next step for the UNI price?
After the announcement, Uni Price won around 2% in the last 24 hours to negotiate at around $ 11.17 on Monday at the end of the North American meeting. Altcoin in mid-cap, with an entirely diluted assessment of approximately $ 11 billion, has since gained more than 14% in the last seven days after a confirmed rebound in mobile averages of 50 and 200 weeks (MA).
From the point of view of technical analysis, the UNI price is well positioned to rally at least 100% in the coming weeks. In addition, the UNI / USD pair within the daily time has formed an inverted head and shoulder model, which has a mid-term goal of around $ 20.
