Uniswap is sued by Bancor for allegedly infringing DEX smart contract technology patents

Planet Daily News: Developers behind Bancor have filed a patent infringement lawsuit against Uniswap Labs and the Uniswap Foundation, alleging unauthorized use of their foundational decentralized trading platform technology. The lawsuit, initiated by the non-profit Bprotocol Foundation supporting the Bancor protocol and LocalCoin Ltd., the original Bancor developers, has been submitted to the U.S. District Court for the Southern District of New York. They claim the Uniswap protocol is built on Bancor's patented Constant Product Automated Market Maker (CPAMM) infrastructure. Bancor states that they developed a decentralized trading mechanism without order books in 2016 and applied for related patents in 2017. Since Uniswap's launch in 2018, they argue that the continuous use of this technology without protecting intellectual property rights could critically impact the DeFi innovation ecosystem and negatively influence industry development if core technologies are used without authorization. ()