Catenaa, Thursday, June 26, 2025-Uniswap DAO is preparing to revisit a vote this summer on activating its long-debated “fee switch” proposal, reports said.
The proposal is potentially bundled with a plan to incorporate the DAO under Wyoming’s Decentralized Unincorporated Nonprofit Association (DUNA) legal structure.
The fee switch would divert a portion of Uniswap’s transaction fees from liquidity providers to UNI token holders, potentially generating new revenue streams for investors.
Over the past month, Uniswap users paid more than $91 million in swap fees, according to DefiLlama data.
The proposal was scrapped last year amid controversy and alleged pressure from large venture capital interests, including Andreessen Horowitz, which has advocated for legal structures like DUNA to provide DAOs with formal recognition and liability protections.
Uniswap DAO member Abdullah Umar said the vote could happen as soon as mid-summer. The incorporation under Wyoming’s DUNA framework aims to address legal and regulatory uncertainties around decentralized autonomous organizations.
Critics cite the concentrated voting power within the DAO, where a few holders control more than 5% or even 10% of the voting supply, as undermining the decentralized ideal. Getty Hill, a delegate supporting the fee switch, called current DeFi governance “more centralized than many S&P 500 companies.”
Previous fee switch votes failed due to lack of quorum, highlighting voter apathy despite the significant value locked in Uniswap’s protocol.
The upcoming vote is seen as a crucial moment for Uniswap’s governance and revenue model, potentially reshaping the DeFi giant’s future.
