In the cryptocurrency market, a notable dispute is unfolding between two major decentralized exchange protocols. Curve Finance has accused rival platform PancakeSwap of illegally copying its software code.
A statement from Curve Finance claimed that PancakeSwap’s newly introduced StableSwap infrastructure uses Curve’s code without a license, which constitutes a license violation. The Protocol made the following statement via social media:
“Dear PancakeSwap, it appears that you have copied our code without our permission. This is a license violation. This is not only illegal, but has generally not yielded good results for those who have chosen this path in the past.”
Curve Finance also offered PancakeSwap a license and partnership, stating: “If you would like to leverage our expertise to use StableSwap without legal issues and ensure user safety, please contact us for licensing and partnership.”
In response to the accusations, PancakeSwap has issued a brief response. The platform indicated that it had contacted the Curve team directly and would like to discuss the matter.
The controversy arose after PancakeSwap’s recently announced “Infinity StableSwap” update. The platform explained that the new system offers less slippage and a dynamic fee structure for exchanging stablecoins and assets with similar prices. According to PancakeSwap, the new model includes features such as ultra-low price drops on near 1:1 trades, dynamic fees that protect liquidity providers, and permissionless pooling.
*This is not investment advice.