Main navigation

Ripple CTO: Uniswap Is Not DeFi, It’s Not Decentralized

News
Sun, 06/13/2021 - 11:18
article image
Alex Dovbnya
Ripple CTO David Schwartz claims Ethereum’s killer DeFi app is centralized
Ripple CTO: Uniswap Is Not DeFi, It’s Not Decentralized
Cover image via www.youtube.com
Read U.TODAY on
Google News

In a recent tweet, David Schwartz, Ripple's chief technology officer, took a swipe at red-hot automated market maker Uniswap, claiming that Ethereum’s killer app is not decentralized:

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.

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.

The executive also mentioned that he had built the very first decentralized exchange on the XRP Ledger back in 2012 together with Ripple co-founder Arthur Britto.

Related
Uniswap Joins Forces with Professional Dota 2 Team to Reach New Audiences
Uniswap v3 was launched in late March to much fanfare, introducing such features as concentrated liquidity.

The protocol’s developer, Uniswap Labs, is funded by such massive venture capital firms as Andreessen Horowitz and Paradigm Venture.

The code of the third iteration comes with a business source license whose aim is to prevent the appearance of copycats of the likes of SushiSwap.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.