Who’s Afraid Of (Suing) DeFi Entities?

Last week’s financial news mentioned an investors’ failed attempt to file a class action against Uniswap
UNI
, a decentralized cryptocurrency exchange and automated protocol, which facilitates peer-to-peer trading based on blockchain technology.

DeFi, short for Decentralized Finance, refers to a set of financial services and applications built on blockchain technology that aim to recreate traditional financial systems and services in a decentralized manner. Blockchain technology is used in DeFi to create trustless and automated systems for various financial activities, such as lending, borrowing, trading, and much more.