{"id":10026,"date":"2021-07-25T02:54:24","date_gmt":"2021-07-25T02:54:24","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/users-criticize-uniswaps-decision-to-remove-over-100-tokens-from-main-interface\/"},"modified":"2021-07-25T02:54:24","modified_gmt":"2021-07-25T02:54:24","slug":"users-criticize-uniswaps-decision-to-remove-over-100-tokens-from-main-interface","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/users-criticize-uniswaps-decision-to-remove-over-100-tokens-from-main-interface\/","title":{"rendered":"Users Criticize Uniswap\u2019s Decision to Remove Over 100 Tokens From Main Interface"},"content":{"rendered":"

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind the platform, Uniswap Labs, simply removed the tokens from the main interface.<\/strong><\/p>\n

Uniswap Removes Tokens From Main Interface, Users Discuss Alternative Solutions<\/h2>\n

On July 23, the startup Uniswap Labs announced that the development team was removing roughly 129 tokens<\/a> from the main interface. It\u2019s been noted by onlookers, that a number of tokens removed could be considered securities by global regulators and some of them were synthetic equities tokens.<\/p>\n

Uniswap has introduced token censorship on the main UI<\/p>\n

You can see a list of 129 hidden tokens herehttps:\/\/t.co\/G9yjycH2F7<\/a><\/p>\n

\u2014 banteg (@bantg) July 23, 2021<\/a><\/p>\n<\/p>\n

The restriction of access to these specific tokens stems from app.uniswap.org but users can still bypass the problem and trade using the token contract. The token removal announcement<\/a> from Uniswap Labs doesn\u2019t really explain why the tokens were removed but the firm\u2019s blog post did say:<\/p>\n

These tokens have always represented a very small portion of overall volume on the Uniswap Protocol.<\/p>\n

Some of these tokens derived from protocols such as Synthetix, Tether, Opyn, UMA, and more. A Twitter user named \u201cBanteg\u201d discussed the issue at hand and said<\/a>: \u201cSeems like all UMA, Synthetix, Mirror, Opyn tokens are affected. Even if you add them manually, you cannot trade them on the main [Uniswap] UI.\u201d However, within Banteg\u2019s Twitter thread<\/a> the crypto community shared a myriad of ways<\/a> to bypass Uniswap\u2019s main user interface.<\/p>\n

<\/p>\n

Defi Proponent: \u2018This Is a Wake-up Call \u2014 Bookmark Decentralized Interfaces\u2019<\/h2>\n

A number of crypto supporters criticized the move made by Uniswap and they believe other decentralized finance (defi) platforms could do the same. Joey Krug, the co-CIO of Pantera Capital and co-founder of Augur tweeted<\/a> that he loves Uniswap \u201cbut this sets [a] really bad precedent IMO.\u201d Krug also added that this \u201cwon\u2019t be the 1st case of defi censorship.\u201d Defi supporter Nick Chong said that people should start bookmarking decentralized interfaces and mirror applications. Chong added<\/a>:<\/p>\n

The world needs decentralized interfaces. Wouldn\u2019t it have been bad if all non-power user defi traders woke up one day and the Uniswap Labs interface was gone w\/ no alternatives? This is a wake-up call. Bookmark the decentralized interfaces. Make them lindy.<\/p>\n

The creator of the popular defi project Yearn Finance, Andre Cronje also offered his opinion of the Uniswap situation. \u201cMy unsolicited opinion; Uniswap, a company registered in the U.S. Uniswap.org, a website owned by the U.S. entity. Uniswap smart contracts, decentralized code. The company should act in its best interest, including censoring the website where it is in their interest,\u201d Cronje said<\/a>.<\/p>\n

What do you think about Uniswap removing 129 tokens from the main user interface? Let us know what you think about this decision in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nExchanges, 129 tokens, alternatives, Andre Cronje, Banteg, Decentralized Interfaces, DeFi, Dex Platforms, Joey Krug, mirror interfaces, mirrors, Nick Chong, Opyn, Synthetix, Tether, UMA, uniswap, Uniswap Labs, Uniswap Token Removal, Uniswap Trading<\/p>\n","protected":false},"excerpt":{"rendered":"

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind…<\/p>\n","protected":false},"author":0,"featured_media":10027,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10026"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10026"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10027"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}