Community Trust ScoreVerified
Uniswap leads the DeFi industry. It is the first project that has provided more than $1 billion for liquidity providers. Governance is the most discussed topic in the Uniswap network. UNI is the native token of the Uniswap network that has faced significant downswings, and it continues to survive.
Hayden expressed: Uniswap Protocol = fully decentralized Permissionless smart contracts on Ethereum; Uniswap Interface = open source GPL code base; app.uniswap = Uniswap Labs owned domain that points to an IPFS hosted instance of the Uniswap Interface.
An interface is different, and a protocol is different. Investors should understand how decentralization works. Decentralization does not mean that Uniswap Labs permits anyone to do whatever they want on their website. It just means you don’t need a single interface instance to access the protocol.
In fact, the majority of volume doesn’t come through the app.uniswap. Instead, it comes from the proliferation of on-chain integrations and alternative interfaces, including: Trading bots, Wallets Interface forks (due to OSS interface), and other interfaces DEX Aggregators.
Uniswap Protocol remains the most decentralized of the top DeFi protocols by a wide margin because of the Non-upgradable and Permissionless smart contracts, with no admin keys or the ability for UNI holders to steal the underlying liquidity.
Community response: It’s not decentralized anymore. How is the Uniswap Interface not connected to the Uniswap Protocol? So you want people to start building their own interface to access the protocol. Oh wait, do we have a central authority now?
I think what might help the most is explaining in more detail why your team made those decisions. In addition, those of us building in DeFi could benefit from your legal team’s outlook on regulation in the United States.
Will you give an advance waiver to anyone who forks the Uniswap front-end that you won’t sue them for TM infringement for the use of ‘Uniswap’? I know, and you know your company likes DMCA take down requests.
Seems like a terrible idea. Uniswap front end is open source. The company name and brand don’t need to be. If it was, it would lead to more confusion and damage to average users.
This is the 1st step. 2nd step they go after the individuals to make the other avenues possible. As others have also realized, e.g., below. US VCs are going to just follow the rules in the end. This game will need thicker skin.
For those who are wondering if Uniswap (UNI) is still worth holding or investing in? It just looks like the $45 will be the all-time high we might never see again, according to some. Time should tell.
