The group behind the decentralized finance platform Curve Finance (DeFi) has accused the decentralized exchange PancakeSwap (DEX) of using its code without the proper license.
The token is linked to the “StableSwap” feature, which is used to exchange stablecoins and “hard-wired” assets on PancakeSwap Infinity, the latest version of the PancakeSwap DEX.
“If you want to enjoy using stableswap without legal problems and borrow some of our experience to keep SAFU users, you can still contact us for licensing and cooperation,” said the Curve team at X.
In a separate post, Curve said “deep stableswap experience” is needed to securely integrate swap features, citing the 2022 hack of Saddle Finance DEX and the $116 million DeFi Protocol Balancer hack in 2025 as examples of exploits based on swap codes.
The PancakeSwap team said it would approach Curve Finance to look into the matter. “In fact, it’s better to be friends and build together,” said the Curve team.
Cointelegraph reached out to both teams but did not receive a response by the time of publication.
The incident highlights the potential cybersecurity and legal issues that arise in decentralized finance as projects and protocols continue to iterate on products and expand features.
related to: Curve founder says DeFi needs to launch token launches for real revenue
PancakeSwap Infinity starts and goes on chain
PancakeSwap Infinity was launched on the Arbitrum network and BNB Chain in April 2025, after integrating one-click and cross-chain swaps that allow users to transfer digital assets between blockchain protocols.
The updated DEX introduced “hooks,” smart contract plugins that adjust parameters for liquidity pools, including a dynamic payout structure, matching discounts, and onchain limit orders that execute when preconditions are met.
According to PancakeSwap, the upgrade has also reduced pool setup fees by up to 99% and is designed to accommodate a variety of liquidity strategies.
In July 2025, PancakeSwap Infinity was launched on Base, an Ethereum layer-2 (L2) scalable network, and reduced the cost of trading by up to 50% when Ether (ETH), the native token of the Ethereum blockchain network layer-1, was traded against ERC-20.
ERC-20 is the token standard for most assets minted on Ethereum, including gas tokens and management Ethereum L2s, memecoins, and other projects that issue tokens on Ethereum.
Magazine: MakerDAO Plans to Bring Back ‘DeFi Summer’ – Rune Christensen
