ChainCatcher reports that the founding team of Uniswap Labs won a patent infringement lawsuit this week. The case, brought by Bancor’s founders against their decentralized exchange (DEX), was dismissed by Judge John Koeltl in the Southern District of New York on Tuesday, citing that the plaintiff failed to present a reasonable request for relief. The case involved code used in Uniswap’s initial 2018 protocol release.
Bprotocol Foundation and LocalCoin Ltd. claimed that the code was based on Bancor’s patented infrastructure, alleging that Uniswap Labs profited significantly without permission. Jolie Yang, Assistant General Counsel at Uniswap, stated, “This victory is significant for the DeFi community, as it protects developers to innovate and improve existing concepts without fear of patent trolls.” The ruling noted that Bancor’s patent claims abstract concepts such as currency exchange, which are not protected under U.S. patent law. The mechanism (CPAMM) was originally proposed by Bancor in 2017, promoted by Uniswap in 2018, and became a mainstream design for early DEXs. Bancor had previously open-sourced the CPAMM code.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Uniswap Labs Proposes Expanding Protocol Fees Across v3 Pools and New Chains
Uniswap Labs proposed a tier-based v3OpenFeeAdapter so protocol fees apply across all v3 pools by fee category.
The proposal expands v2/v3 protocol fees to Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, and Zora.
Uniswap Labs has introduced an active governance proposal to b
CryptoNewsFlash4h ago
New Uniswap Proposal Targets All V3 Pools and 8 New Networks
_Uniswap plans to activate protocol fees on all v3 pools using a tier-based system for faster governance updates._
_The proposal expands protocol fees to eight networks, routing revenue back to Ethereum for UNI token burning._
_Governance will vote through two parallel proposals due to a
LiveBTCNews4h ago
The Uniswap Governance Committee is considering enabling protocol fees on all V3 pools and expanding the scope to eight additional chains.
PANews February 19 News, according to TheBlock, the Uniswap Governance Committee is voting on a proposal to activate protocol fees for all remaining V3 pools and extend fees to eight additional chains.
This update will expand the post-UNIfication fee burn framework, routing the revenue through the TokenJar contract first, then bridging it to the Ethereum mainnet, and finally burning it in the form of UNI tokens.
GateNewsBot8h ago
Uniswap has launched a proposal to expand protocol fees
BlockBeats News, February 19th, Uniswap posted on X that the proposal to expand protocol fees has gone live. This update aims to activate fees for all remaining v3 liquidity pools on the mainnet and enable protocol fees for v2 and v3 on the 8 newly added chains.
GateNewsBot17h ago
