Mars Finance News: Decentralized exchange Bancor has filed a patent infringement lawsuit against Uniswap, alleging unauthorized use of the "Constant Product Automated Market Maker (CPAMM)" technology patented by Bancor in 2017. Bancor stated that the technology was designed in 2016 and patented in January 2017. Uniswap's protocol, launched in November 2018, is accused of using this invention. Mark Richardson, Bancor's project lead, said that Bancor must take action because Uniswap has continuously used its invention without authorization and competed with Bancor. The lawsuit has been filed in the Southern District of New York, seeking damages. As of the time of writing, Uniswap has not yet publicly responded. According to defillama data, Uniswap's 24-hour trading volume far exceeds Bancor's. (Cointelegraph)
Bancor files patent infringement lawsuit against Uniswap
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