He told that by taking a quick look at the popular automated market maker “Uniswap” he found that it is not as decentralized as it claims, and added:
Uniswap v3 is neither decentralized nor affiliated with DeFi.
It was stated in the following:
If a person or group has a legal right and duty to access the platform protocol and tell others how they can and can’t use it, that’s not decentralized.
Schwartz believes that the Uniswap protocol is central because it is controlled by Uniswap Labs, and added:
They can choose where the platform is operated, which is enough to provide complete control.
The CTO of Ripple also mentioned that he built the first decentralized platform on the Ripple Ledger in 2012 with Ripple co-founder Arthur Britto.
So far, the management of Uniswap Labs has not responded to Schwartz’s accusations.
It is worth noting that the third version of “Uniswap” was launched in late March with great fanfare, as it introduced features such as concentrated liquidity.
The developers of the protocol are funded by Uniswap Labs, and by huge venture capital firms such as Andreessen Horowitz and Paradigm Venture.
Uniswap version 3 code comes with a commercial source license that aims to prevent fakes like SushiSwap from appearing.