2min chapter

Bankless cover image

ROLLUP: Operation Choke Point | SEC Crypto Staking Crackdown | Genesis Earn Repayment | a16z Uniswap

Bankless

CHAPTER

The Decentralization of Uniswap V3X Times Y Equals K

The decentralization of Uniswap is that A16Z, no matter how hard they ever tried, cannot shut down the code and turn the thing off or ban you from using it. The ultimate remedy for this is the ability to go fork the Unis Wap code and spin up your own UnisWap. And so governance layer aside, I think there are far more ways to preserve the decentralization of protocols that are built on crypto versus the real world.

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