Ripple CTO: Uniswap Is Not DeFi, It’s Not Decentralized

[Altcoin1998$]

In a recent tweet, David Schwartz, Ripple's chief technology officer, took a swipe at red-hot automated market maker Uniswap, claiming that Ethereum’s killer app is not decentralized:
Uniswap v3 is not DeFi. If some person or group has an enforceable legal right to tell others how they can and can't use it, it's not decentralized.
Schwartz believes that the protocol is centralized because it is controlled by Uniswap Labs:
They get to choose where it runs, which is sufficient to provide total control.
The executive also mentioned that he had built the very first decentralized exchange on the XRP Ledger back in 2012 together with Ripple co-founder Arthur Britto.source