Yesterday, Paradigm filed an Amicus brief against BPROTOCOL Foundation v. UNISWAP Labs (Sdny), challenging patents attempting to monopolize a centuries-old economic concept. The case questions if one can patent basic economic practices like using mathematical formulas for currency exchange, crucial for DeFi innovation. 🛡️💰
Decentralized finance (DeFi) aims to enhance financial markets by promoting transparency, accessibility, and resilience. Patents in this case threaten to stifle DeFi progress by restricting open-source technologies and shared infrastructure essential for innovation and democratization in the financial sector. 📈🔒
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