The patent for “oracle-like” data storage contained technology that was already in existence, DEF said.
The DeFi Education Fund (DEF) purchased a patent owned by True Return Systems (TRS) that was the basis of lawsuits against decentralized autonomous organizations MakerDAO and Compound Protocol for infringement.
The patent is for an oracle-like system for “separation and linkage of stacked modular data storage and processing.” DEF will “dedicate” the patent to the public, preventing the patent from being used in similar suits in the future.
DEF characterized TRS as a “patent troll,” that is, a firm that pursues patent claims that may be unfounded. DEF argued in a September petition to the United States Patent and Trademark Office (USPTO) that the technology TRS had patented in 2018 was already in wide use. DEF listed four technologies that served the same purpose and were created in 2014 and 2016.
