Bancor Files Lawsuit Against Uniswap for Alleged Patent Infringement

A legal battle is brewing within the decentralized finance (DeFi) industry as Bancor has filed a lawsuit against Uniswap, claiming the protocol infringes on their patented technology. According to a May 20 announcement, Bancor alleges that Uniswap’s popular automated market maker (AMM) model, which enables decentralized token trades, directly utilizes their proprietary constant product AMM system without permission. Bancor asserts that this practice constitutes unlawful competition and hinders innovation within the DeFi space.