In February, Bakkt, which is owned by Intercontinental Exchange, ceased its consumer-oriented application as part of its transition away from the retail market.
The foundation wants to 'reinvigorate governance' and streamline Uniswap's funding program.
If a new plan from two community members wins a vote at the end of this month, a new $74 million foundation could help support the biggest DEX in the world.
Uniswap was sued in a new class-action complaint earlier this week for allegedly marketing unregistered securities and failing to disclose those risks to its consumers.