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David Schwartz: Uniswap v3 is not DeFi

In the recent tweet Ripple CTO David Schwartz took a walk through the automated market maker Uniswap, stating that the Ethereum killer app is not decentralized:

 

Uniswap v3 is not DeFi. If a person or group has a legal right to tell others how they can and cannot use it, that is not decentralization.

 

Schwartz insists that the protocol is centralized because it is controlled by Uniswap Labs and his team can choose where it will operate, which already speaks of complete control.

The CEO also mentioned that back in 2012, he built the very first decentralized exchange based on the XRP ledger. Ripple co-founder Arthur Britto also participated in this project.

Uniswap v3 was launched at the end of March and introduced features such as concentrated liquidity.

The protocol developer Uniswap Labs is funded by major venture capital firms such as Andreessen Horowitz and Paradigm Venture.

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