Uniswap is sued by Bancor for infringement: accused of copying CPAMM model patent for huge profits, $UNI fell 15% in a week.

Bancor, a veteran DeFi project, has recently filed a patent infringement lawsuit against decentralized exchange leader Uniswap and the Uniswap Foundation. The complaint alleges that Uniswap's protocol architecture is based on Bancor's patented "Constant Product Automated Market Maker (CPAMM)" technology, from which it derives significant benefits. (Synopsis: Uniswap governance thunder!) The core members of the DAO exited: the foundation's "authoritarian and domineering" decentralized decision-making was reduced to a show) (Background supplement: $UNI the distribution of profits for coin holders? Uniswap passes $160 million grant: activation v4 and Unichain incentives) According to The Block, the Bprotocol Foundation, the development team behind the veteran decentralized finance project Bancor, and LocalCoin Ltd., the original developer of Bancor, have recently filed a patent infringement lawsuit against Uniswap and the Uniswap Foundation. The complaint, which has now been filed in the U.S. District Court for the Southern District of New York, states that Uniswap's protocol structure is based on Bancor's patented "Constant Product Automatic Market Maker (CPAMM)" technology. Bancor believes that the technology was pioneered in 2016 and formally applied for a U.S. patent in 2017. Bancor specifically alleges that Uniswap used the technology without authorization and profited According to the lawsuit, Uniswap used Bancor's CPAMM design without authorization in the initial version of the protocol launched in November 2018, which has developed into one of the most representative decentralized exchanges today. Bancor accused Uniswap of "deploying and benefiting greatly from the technology in which it owns intellectual property without consent." Mark Richardson, project leader at Bancor, said: "When an organization continues to use our inventions without authorization and use them as a means of competing with us, we must act. For the past eight years, Uniswap has been using our patented technology in its projects and has never been licensed by us. As such, we have taken legal action to defend our technology for the benefit of the entire DeFi ecosystem. If companies like Uniswap can act with impunity and consequences, we fear it will hinder innovation across the industry and harm all DeFi participants. At present, Uniswap has not officially issued an official response to this lawsuit. UNI coin price down 15% in the past 7 days According to CoinGecko data, the current UNI coin price is tentatively at $5.98, down 1.9% slightly in the past 24 hours, but the decline in the past 7 days has reached 15.7%, with a market value of about $3.46 billion. Although the current Bancor charges against Uniswap have not yet been decided by the court, if the final judgment is in Bancor's favor, it may adversely affect Uniswap; But on the other hand, if you knew about infringement as early as 2018, why didn't you file a complaint earlier? For now, we can only wait for the next notice from the court. What is Bancor? Bancor is a DeFi protocol born in 2017 and is one of the first crypto projects to propose and implement an automated market maker (AMM) model. Supported by the non-profit Bprotocol Foundation, the goal is to provide a decentralized, order-book-free token trading mechanism. The central focus of the lawsuit, the Constant Product Automated Market Maker (CPAMM), is a mathematical model used to automatically calculate asset prices and facilitate transactions on the blockchain, with the advantage of being fully decentralized, automated price discovery and liquidity provision, the technical basis on which most DEXs operate today. SEC Ends Uniswap Investigation! Founder: It took 3 years to burn millions of dollars, DeFi finally triumphed Alpha Nuggets" Shadow Exchange Innovation x(3, 3) mechanism, what is it? Sonic breaks the Uniswap dilemma How does Flaunch use Uniswap V4 to flip the pain points of the meme launch platform, and the innovative mechanism can drive the Base ecosystem to take off? "Uniswap sued by Bancor for infringement: plagiarism of CPAMM model patents for explosive profits, $UNI fell 15% in a week" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Blockchain News Media".