An assertion of property rights on the part of a DAO could be healthy for decentralized finance — another sign that DeFi is maturing. Curve Finance, a decentralized exchange for stablecoin trading, is one of the world’s largest decentralized autonomous organizations (DAO), with $6.5 billion in deposits, but last week, one of its token holders made an unusual proposal:
The Ethereum-based DAO should “engage competent counsel” — both in the United States and other relevant jurisdictions — to prevent other DAOs from the “wholesale copying” of its software code.
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DAOs prepare to face off: Would vigorous IP battles be good for DeFi?