ME News reports that on April 2 (UTC+8), Uniswap founder Hayden Adams posted on X, stating that although he may be accused of gloating, centralized projects must be prevented from labeling themselves as DeFi. If a project has an admin key capable of draining all funds, it is CeFi. Without clear distinction, DeFi will become meaningless and its brand will be damaged. No version of Uniswap has an admin key that can drain funds. (Source: ChainCatcher)
Uniswap Founder Warns Against Centralized Projects Labeled as DeFi
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Summary
On April 2, 2026, Uniswap founder Hayden Adams posted on-chain news warning that centralized projects should not be labeled as DeFi. He stated that any project with an admin key capable of draining funds is CeFi, not DeFi. Adams argued that failing to make this distinction could lead to DeFi exploits and damage the sector’s reputation. He added that no version of Uniswap includes such a key.
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