Uniswap founder Hayden Adams has issued a warning against centralized projects misrepresenting themselves as decentralized finance (DeFi). In a recent post, Adams emphasized that projects with admin keys capable of draining all funds should be classified as centralized finance (CeFi), not DeFi. He cautioned that failing to maintain a clear distinction could undermine the DeFi brand. Adams highlighted that no version of Uniswap possesses an admin key that can drain funds, reinforcing its commitment to true decentralization.