Curve Accuses PancakeSwap of Using Stableswap Code Without Authorization

PancakeSwap, the leading decentralized exchange (DEX) on BNB Smart Chain, is facing allegations of unauthorized code use.

Earlier today, Ethereum-based DEX Curve Finance accused the platform of copying its StableSwap code without permission, constituting a violation of the code’s license. PancakeSwap rolled out the StableSwap feature on March 1.

“Looks like you copied our code without asking. It is violation of its license. Not only it is illegal: historically it showed to be unwise for those who did it this way in other regards,” Curve wrote on X.

Curve also offered to discuss licensing and potential collaboration to enable PancakeSwap to use the code legally.

“We’re reaching out to your team directly to discuss this,” responded PancakeSwap.

Curve’s StableSwap algorithm is designed to enhance stablecoin exchanges by reducing slippage and fees, making it a valuable asset in decentralized finance (DeFi).

PancakeSwap’s CAKE token is down nearly 4% in the past 24 hours, but remains up 4% over the past week.

PancakeSwap currently holds a total value locked (TVL) of approximately $2 billion, according to DeFiLlama, making it the second-largest DEX after Uniswap.

This article was generated with the assistance of AI workflows.