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Uniswap is sued by Bancor for allegedly infringing DEX smart contract technology patents
05-20 15:23

Odaily News The developers behind Bancor have filed a patent infringement lawsuit against Uniswap Labs and the Uniswap Foundation, accusing them of illegally using their underlying decentralized trading platform technology. The lawsuit was filed by the Bprotocol Foundation, a non-profit organization that supports the development of the Bancor protocol, and LocalCoin Ltd., the original developer of Bancor. It has been filed in the U.S. District Court for the Southern District of New York, accusing the Uniswap protocol of being built on Bancor’s patented constant product automated market maker (CPAMM) infrastructure.
Bancor said that it developed a decentralized trading mechanism without an order book in 2016 and applied for related patents in 2017. Uniswap has continued to use this technology since its launch in 2018. Failure to protect intellectual property rights is crucial to the DeFi innovation ecosystem. If the core technology is used without authorization, it will have a negative impact on the development of the industry. (The Block)

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USDe's market capitalization has risen to $9.293 billion, an increase of more than 75% in the past month.
The median length of time players hold tokens in on-chain PvP is getting shorter and shorter, currently only about 60 seconds.
Lido Co-founder: Decided to reduce the size of the contributor team, affecting approximately 15% of employees
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