Uniswap delisting a number of tokens from its app interface
Synthetic tokens and tokenized stocks have made it onto Uniswap Labs’ black list as regulatory concerns mount.
According to the announcement, Uniswap Labs has removed tokens from the app interface only, and that the protocol remains immutable.
“These changes pertain to the interface at app.uniswap.org — the Protocol remains entirely autonomous, immutable, and permissionless,” the announcement reads.
Uniswap Labs has built the front-end web app portal, separated from the Uniswap protocol itself, which is autonomous code that was released as a public good.
In the announcement, Uniswap Labs hinted that increased regulatory pressure may have influenced its decision, stating: “We monitor the evolving regulatory landscape.” The company also described the move as consistent with actions taken by other DeFi interfaces.
The tokens that have been delisted from the platform’s interface include instruments that may be at risk of being classified as securities by a regulator, including tokenized stocks, options tokens, insurance-based tokens, and synthetic assets from crypto derivatives platforms like Synthetix.
Gold-backed token, Tether Gold (XAUT), is among the assets targeted, however, Uniswap founder Hayden Adams attributed XAUT’s removal to buggy code. Meme-themed tokens including Grumpy Cat (GRUMPY) had also found their way onto the blacklist.
Uniswap is currently the leading DEX by trade volume, with the protocol’s v2 and v3 versions facilitating a combined $1.45 billion worth of trade in the past 24 hours.