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How decentralized is Uniswap?

Uniswap has recently restricted access to several synthetic assets due to new regulatory rules and many have questioned how a decentralized protocol can restrict access to assets?

Uniswap is a decentralized protocol, its infrastructure is designed that way, but we need an exchange interface to interact with that protocol — that’s where they restricted access to assets — in their own application to interact with the protocol, not in the protocol itself.

It turns out that, like everywhere else in blockchain, there is a nominally decentralized infrastructure (Uniswap protocol) on top of which is built a quite centralized product (Uniswap interface) with a team, big investors and inevitable regulation.

Despite this, you will be able to trade the assets you want, even if they are blocked in the official Uniswap interface, by using alternative ones. There is still the problem of convenience and trust in alternative solutions, but you should do your own research #DYOR

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bubbalex

bubbalex

CEO and Founder at bubbalex.media - media community dedicated to cryptocurrency & blockchain technology, assistance in promoting and developing of ICO/IEO

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