{"id":468096,"date":"2021-07-24T22:00:00","date_gmt":"2021-07-24T22:00:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=468096"},"modified":"2021-07-24T21:20:03","modified_gmt":"2021-07-24T21:20:03","slug":"uniswap-access-tokens-mean-for-defi","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/uniswap-access-tokens-mean-for-defi\/","title":{"rendered":"Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector"},"content":{"rendered":"
Software development studio Uniswap Labs (UL) announced the restriction of certain tokens via the app.uniswap.org domain. The company claims<\/a> to be taking part in \u201ccreating a better\u201d financial system and has taken the decision after reviewing the regulatory landscape and the actions of other \u201cDeFi interfaces\u201d.<\/a><\/p>\n The token removed from the domain represented a \u201cvery small portion of overall\u201d trading volume on the platform, UL claims. Amongst the restricted tokens is Gold Tether (XAUt), Grump Cat (GRUMPY), iAAVE, iADA<\/a>, iBNB, sAPPL, sCOIN, and many more related to options, tokenized stocks, and securities from traditional companies.<\/p>\n The software studio clarified that the Uniswap Protocol is a separate entity from the interface accessible via the app.uniswap.org domain.<\/a><\/p>\n (\u2026) It provides unrestricted access to anyone with an Internet connection. Similarly, this action has no impact on the Uniswap Interface code, which remains open source, or the many other portals or locally run instances used to access the Uniswap Protocol.<\/p><\/blockquote>\n The same clarification was made by Hayden Adams, inventor of the protocol, via his Twitter account. After receiving a lot of criticism for their decision, Adams reminded his followers about the difference between Uniswap Interface, the open-source GPL code, app.uniswap.org, the domain, and Uniswap the protocol.<\/p>\n Later, he added that true decentralization \u201cdoesn\u2019t mean UL lets you do whatever you want on its website\u201d, but that users can access the protocol via other interfaces. He added<\/a>:<\/p>\n (In my opinion) the Uniswap Protocol remains the most decentralized of the top defi protocols by a wide margin. Why: Non-upgradable and permissionless smart contracts, w\/ no admin keys or ability for UNI holders to steal underlying liquidity.<\/p><\/blockquote>\n Of course, Adam\u2019s statements caused different reactions across the crypto community. Stanislav Kulechov, a founder of decentralized protocol Aave, said<\/a> that \u201cDeFi front-ends should\u201d be hosted on the InterPlanetary File System (IPFS).<\/p>\n In that way, the protocols can be \u201cless dependent on the founding team\u201d and maintain their decentralization. Kulechov also proposed a Bring-Your-Own-Front-End (BYOF) solution that would allow users to download the software into a device to access the protocol.<\/p>\n Gabriel Shapiro, General Counselor at Delphi Labs, pointed out the possibility that anyone who forks the Uniswap front-end could receive a lawsuit from the software development studio UL. Shapiro said that the company \u201clike DMCA (Digital Millennium Copyright Act) takedown requests\u201d.<\/p>\n In a different post, Shapiro addressed<\/a> the rumors suggesting that UL and other DeFi projects received subpoenas from the Securities and Exchange Commission (SEC).<\/p>\nIs Uniswap Labs Trying To Prevent A Government Crackdown?<\/h2>\n