Ethereum News

Balance CEO alleges betrayal at hands of Uniswap founder

Balance CEO alleges betrayal at hands of Uniswap founder

Balance CEO Ric Burton claimed he was double-crossed by Uniswap founder Hayden Adams, who, at one point, he considered one of his “closest friends.”

Burton had invested time, friendship, and an unspecified sum of money in supporting Adams to take Uniswap to market. But Burton said he feels heartbroken and sad that his efforts were never repaid.

Burton helps get Uniswap off the ground

It began in New York in Spring of 2018 with Burton looking for dApp developers. This involved hosting events and giving promising developers time, money, and studio space.

He recounted that of all the developers he came across, Adams and his unwavering enthusiasm for Uniswap stood out among the many hopefuls.

“He was on an absolute warpath. Every single time you met him all he could talk about was Uniswap.

United by the goal of making “Ethereum magical for people,” the pair quickly became close, supporting each other in their respective struggles to make it.

We were there for each other during the ups and downs of trying to build startups in an ecosystem with very few solid projects.

Burton said he believed in Adams and his simplicity-focused AMM DEX concept and thought nothing of granting him unlimited studio access. When Adams ran out of money, Burton paid his rent, even dipping into Balance’s money to cover his expenses.

Realizing the protocol’s potential, the Ethereum Foundation soon came knocking, marking a significant turning point. With crypto investment firm Paradigm on board as well, the future looked bright.

Adams goes AWOL

Adams told Burton he intended to include him in the Uniswap round as repayment for his help. Burton trusted Adams to keep his word.

Time passed, and in March 2019, Burton encountered personal difficulties, including the loss of his grandmother. Without disclosing the finer details, he said he was also asked to leave Balance by the other co-founder.

Suffice to say, things were not good at Balance.

Things were VERY good at Uniswap.

Hayden…

Click Here to Read the Full Original Article at Ethereum (ETH) News | CryptoSlate…