Uniswap has triumphed in a patent infringement lawsuit filed by Bancor, which accused Uniswap of unauthorized use of its Constant Product Automated Market Maker (CPAMM) technology. The case was heard in the U.S. District Court for the Southern District of New York, where Uniswap defended itself by demonstrating that its protocol code was publicly available before the lawsuit was initiated. Consequently, Bancor’s claims were dismissed. Both Uniswap and Bancor are decentralized exchanges that utilize automated market maker technology to facilitate cryptocurrency trading without intermediaries, offering quick and low-cost transactions on the blockchain. Bancor alleged that Uniswap infringed on its CPAMM technology, but Uniswap clarified in court that its code is open source and can be freely used by anyone. This ruling is considered a significant milestone in the cryptocurrency and blockchain sector, highlighting the importance of protecting rights and innovations among decentralized finance (DeFi) platforms. It underscores the growing relevance of open-source code in reducing legal disputes between platforms. Following this victory, Uniswap’s legal standing has been strengthened, enabling the platform to focus on improving its services with greater confidence. Nonetheless, ongoing legal complexities in the crypto market suggest that platforms must continue to conduct thorough legal assessments of their technologies.
Source: binance
