David Schwartz, chief technology officer of Ripple, had a negative opinion about the red-hot automated market maker Uniswap. In which, Schwartz claims Ethereum’s killer DeFi app is centralized.
David Schwartz, chief technology officer of Ripple
Ripple CTO David Schwartz claims Ethereum’s killer DeFi app – Uniswap – is centralized
Schwartz stated:
UniSwap v3 is not DeFi. If some person or group has an enforceable legal right to tell others how they can and can’t use it, it’s not decentralized. https://t.co/4yo8fHwMfz
— Ｄａｖｉｄ ”ＪｏｅｌＫａｔｚ” Ｓｃｈｗａｒｔｚ (@JoelKatz) June 12, 2021
Schwartz believes that the protocol is centralized because it is controlled by Uniswap Labs:
“They get to choose where it runs, which is sufficient to provide total control.”
Schwartz also mentioned that he built the first decentralized exchange on top of XRP Ledger in 2012 with the Ripple co-founder Arthur Britto.
The Uniswap v3 was launched in late March to much fanfare, introducing features like centralized liquidity. The developer of the protocol, Uniswap Labs, is funded by major venture capital firms such as Andreessen Horowitz and Paradigm Venture.
The code of the third iteration comes with a business source license for the purpose of preventing the appearance of duplicates similar to SushiSwap.
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