The largest decentralized exchange (dex) platform, in terms of trading volume, Uniswap revealed that dex has removed some tokens from the platform interface. The community assumes that tokens can be regarded as securities by global regulators. Uniswap users can still exchange these tokens by accessing specific smart contracts themselves, because Uniswap Labs, the company behind the platform, just removed the tokens from the main interface.

Uniswap removes tokens from the main interface, users discuss alternative solutions

On July 23, the startup Uniswap Labs announced that the development team will remove approximately 129 tokens from the main interface. Onlookers have noticed that some of the removed tokens may be considered securities by global regulators, some of which are synthetic stock tokens.

The restrictions on access to these specific tokens originate from, but users can still bypass the problem and use token contracts for transactions. Uniswap Labs’ token removal announcement did not really explain why the token was removed, but the company’s blog post did say:

These tokens have always accounted for only a small part of the total transaction volume of the Uniswap protocol.

Some of these tokens are derived from Synthetix, Tether, Opyn, UMA and other protocols.A Twitter user named “Banteg” discussed the issue at hand and Say: “It seems that all UMA, Synthetix, Mirror, Opyn tokens are affected. Even if you add them manually, you cannot trade them on the main interface [Uniswap] User Interface. “However, in Bantege’s Twitter topic The crypto community shared a Countless ways Bypass the main user interface of Uniswap.

See also  Amazon's Great India holiday promotion is mocked, upcoming offers, mobile phones, electronic product deals, etc.

Defi supporter: “This is a wake-up call-add bookmarks to decentralized interfaces”

Many crypto supporters criticized Uniswap’s move, and they believe that other decentralized financial (defi) platforms can do the same. Joey Krug, co-chief information officer of Pantera Capital and co-founder of Augur Tweet He likes Uniswap “But the setting [a] Very bad precedent IMO. Kruger also added that this “would not be the first case of lack of censorship.” Defi supporter Nick Chong said that people should start adding bookmarks for decentralized interfaces and mirroring applications. Chong Add to:

The world needs decentralized interfaces. If one day all non-advanced defi traders wake up, the Uniswap Labs interface disappears and there are no other options, wouldn’t it be bad? This is a wake-up call. Add bookmarks for scattered interfaces. Let them Lindy.

Andre Cronje, creator of the popular defi project Yearn Finance, also offered his views on Uniswap. “My unsolicited opinion; Uniswap, a US-registered company, a website owned by a US entity. Uniswap smart contract, decentralized code. The company should act in its best interest, including reviewing websites that are in its interest ,” Cronje Say.

What do you think of Uniswap removing 129 tokens from the main user interface? Please tell us your thoughts on this decision in the comments section below.

Tags in this story

129 Tokens, Alternatives, Andre Cronje, Banteg, Decentralized Interface, DeFi, Dex Platform, Joey Krug, Mirror Interface, Mirror, Nick Chong, Opyn, Synthetix, Tether, UMA, uniswap, Uniswap Labs, Uniswap Token Transfer In addition, Uniswap Trading

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.