Governance Proposal - Supporting the DeFi Education Fund

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Good morning everyone! I want to flag that today, a coalition of 100+ signatories joined DEF in sending a letter to Congress calling for “robust, nationwide protections for software developers and non-custodial service providers in market structure legislation.”

Our view is that software developer protections are a non-negotiable in digital asset market structure legislation.

You can read the letter here: https://www.defieducationfund.org/post/def-110-partners-submit-coalition-letter-on-developer-protections-in-market-structure

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We are happy to be part of signatories to help encouraging more friendly environment for blockchain and beyond.

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Happy Thursday everyone! Today, I want to flag that DEF and the Solana Policy Institute (SPI) submitted an amicus brief in support of Uniswap Labs and Uniswap Foundation’s motion to dismiss claims brought against them by Bprotocol Foundation and LocalCoin Ltd.

For some context, the case centers on two patents, U.S. 11,107,049 and U.S. 11,574,291, that claim to have invented a method of calculating exchange rates between cryptocurrency tokens on a blockchain. In simple terms, the patents describe using a mathematical formula to set the price of one token relative to another in a smart contract-enabled blockchain environment. These patents are now being used offensively against Uniswap Labs and Uniswap Foundation.

You can read our full brief at the link: https://www.defieducationfund.org/post/def-files-amicus-brief-in-support-of-uniswap-labs-and-uniswap-foundation