The Second Circuit Court of Appeals’ recent ruling in Risley v. Universal Navigation, Inc. (Uniswap Labs) carries favorable implications for the future of decentralized finance (DeFi). The court recognized a principle that DeFi Education Fund (DEF) has long been advocating for in Congress and the courts: a developer of neutral, decentralized software should not be held liable for a third party’s misuse of that software. The DEF team applauds the court’s recognition of the technologic...
