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