Bancor sues Uniswap for patent infringement

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Bprotocol Foundation and LocalCoin, the entities behind Bancor, have sued Uniswap Labs and the Uniswap Foundation for allegedly infringing on Bancor’s patented constant product automated market maker (CPAMM) technology.

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https://crypto.news/bancor-sues-uniswap-for-patent-infringement

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Bancor sues Uniswap over patent infringement

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In the lawsuit, Bancor alleges that Uniswap has used its patented technology underpinning the constant product automated market maker (CPAMM), the core mechanism powering the Uniswap Protocol. Bprotocol and LocalCoin claim this constitutes unauthorized use of proprietary technology.

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Bancor filed for a patent for its decentralized trading technology in 2017, having invented it in 2016. It’s the same technology that it used to launch its AMM powered DEX protocol.

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