DEX plans to establish a new legal entity DUNI, reserving $16.5 million in Tokens for compliance and tax matters.

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[Golden Finance] According to reports, a certain DEX foundation proposed to establish a new legal entity named "DUNI" under the framework of a "Decentralized Unregistered Nonprofit Association (DUNA)" in Wyoming, in order to retain the existing governance structure and meet compliance, tax, and contract signing requirements. The plan intends to allocate tokens valued at $16.5 million to this entity to settle expected historical taxes and penalties of less than $10 million, as well as to establish a legal defense budget. The foundation's chief legal advisor stated that this move will lay the groundwork for future protocol fees (allocating a portion of LP transaction fees to the DAO treasury). Under this framework, fee revenue cannot be directly distributed to token holders, and it will not change the decentralized governance model of the DEX.

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DisillusiionOraclevip
· 12h ago
Regulation will eventually come knocking...
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FloorPriceWatchervip
· 12h ago
Compliance spending, users pay.
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BearMarketBarbervip
· 12h ago
It seems that the LP fee is finally going to be charged.
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TopEscapeArtistvip
· 12h ago
Lost a lot, Compliance also requires spending money, and the technical side has collapsed again.
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NFTArtisanHQvip
· 13h ago
ah, the dialectics of decentralization meets bureaucratic aesthetics... quite the meta-narrative tbh
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