Curve Finance warns PancakeSwap about license violation
The group behind the Curve Finance decentralized finance (DeFi) platform has accused PancakeSwap of using its decentralized exchange (DEX) code without proper authorization.
The code is tied to the “StableSwap” feature used to exchange stablecoins and “tightly patched” assets on PancakeSwap Infinity, the latest version of the PancakeSwap DEX.
“If you want to enjoy using Stable Swap without legal problems and want to borrow some of our expertise to keep users SAFU, you can still contact us for licensing and cooperation,” the Curve team said on X.
In a separate post, Curve said “deep knowledge of stable swaps” is needed to securely integrate swap features, and cited the 2022 Saddle Finance DEX hack and the $116 million DeFi protocol balance in 2025 as examples of swap-based code exploits.
The Pancake Swap team said it would meet with Curve Finance to discuss the matter. “It's really better to be friends and build together,” responded the Curve team.
Cointelegraph reached out to both groups but did not receive a response by the time of publication.
As projects and protocols continue to iterate on products and expand features, the incident highlights the cybersecurity and legal issues that can arise in decentralized finance.
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PancakeSwap Infinity launches and is cross-chain.
PancakeSwap Infinity, a one-click chain swap that allows users to move digital assets between blockchain protocols, was launched in April 2025 on the Arbitrum Network and the BNB Chain.
The updated DEX introduced “hooks” smart contract plugins that customize parameters for liquidity pools, including flexible payment setup, customized discounts, and onchain limit orders that execute when conditions are met.
The upgrade has reduced pool creation fees by up to 99% and is designed to accommodate a variety of liquidity strategies, PancakeSwap reports.
In July 2025, PancakeSwap, an Ethereum layer-2 (L2) benchmark network launched on Infinity Base, announced up to 50% cheaper trading fees when trading Ether (ETH), a native of the Ethereum Layer-1 blockchain network, with ERC-20 tokens.
ERC-20 is the tokenization standard for most assets mined on Ethereum, including Ethereum L2s gas and management tokens, memecoins, and other projects that offer tokens on Ethereum.
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