Curve Finance Raises Licensing Concerns Over PancakeSwap StableSwap Code

The team behind Curve Finance has accused decentralized exchange PancakeSwap of using its StableSwap technology without proper licensing. The dispute centers on code linked to the StableSwap mechanism designed for efficient trading between stablecoins and tightly pegged assets.

According to Curve developers, the feature appears within PancakeSwap Infinity, the latest version of the exchange. The Curve team stated that any project wishing to integrate the technology should follow the appropriate licensing process or seek collaboration to ensure secure implementation.

DeFi Security Risks Highlighted by Curve Developers

Curve developers also emphasized that stablecoin swap algorithms require deep technical expertise to avoid security vulnerabilities. They referenced previous incidents in the decentralized finance sector, including exploits affecting Saddle Finance in 2022 and a major hack involving Balancer in 2025 that resulted in losses of roughly $116 million.

Following the accusation, the PancakeSwap team indicated it would reach out to Curve Finance to discuss the concerns.

PancakeSwap Infinity Expansion Across Blockchain Networks

PancakeSwap Infinity was introduced in April 2025 on BNB Chain and Arbitrum, enabling cross-chain swaps and customizable liquidity pools. The platform later expanded to Base, an Ethereum layer-2 network built on top of Ethereum, offering lower trading fees and broader token support.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.