The team at Uniswap Labs has responded to a patent lawsuit from the decentralized exchange (DEX) Bancor, describing it as “baseless.” This was reported by The Block.
The legal proceedings commenced following Bancor’s claim of copyright infringement concerning the automated market maker technology, which Uniswap allegedly used without permission since 2017.
A representative from Uniswap Labs told The Block:
“Our protocol’s code has been open and accessible for years. This is a distraction at a time when DeFi is gaining historic momentum.”
The community criticized Bancor’s actions as contrary to the principles of decentralization. On social media, users labeled the lawsuit “anti-DeFi” and reminded that open code is the foundation of the industry.
“It’s unclear why Bancor is litigating in an industry built on open source code,” wrote one commentator.
However, some observers pointed out Uniswap’s double standards: the protocol benefits from intellectual property laws by preventing other teams from using its code for their later versions.
Uniswap founder Hayden Adams called the situation “the dumbest thing” and promised to forget about it until the court’s decision.
