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MakerDAO Denies Users to Enter Spark Protocol Via VPN Ignites Debate

source-logo  thecoinrepublic.com 07 August 2023 18:45, UTC

The decentralized finance (DeFi) prominent player MakerDAO brought down several updates. One thing that remained at the center of this discussion was the Spark Protocol. Recently when the platform announced the 8% pay on Dai Savings Rate (DSR), many users were seen to criticize the move of blocking the users to access the newly launched protocol using VPN.

MakerDAO has found itself at the center of controversy due to its recent move of prohibiting virtual private network (VPN) users from accessing Spark Protocol. This decision has ignited criticism from various quarters, raising concerns about accessibility and inclusivity within the decentralized finance community.

Some stakeholders argue that this restriction may hinder the platform’s potential to reach a wider audience, while others contend that it might be a necessary measure to ensure security and compliance.

As the debate unfolds, the broader implications of such actions on the decentralized finance landscape remain a topic of keen interest among industry observers and US readers alike.

As of the current time, VPN users attempting to visit the Spark Protocol website will encounter an error message stating, “Accessing this website via VPN is not allowed.” This restriction imposed by MakerDAO on VPN users has drawn attention and raised questions about the platform’s accessibility and potential impact on user privacy and security.

The recent measure taken by MakerDAO to block VPN users from accessing the Spark Protocol website seems to be connected to their efforts to restrict United States users from using the crypto lending platform. This action was detailed in a May 9 update to Spark Protocol’s terms of service, which explicitly warns against the use of VPNs as a means to bypass the imposed restriction.

By incorporating such language into its terms of service, MakerDAO seeks to reinforce its stance on preventing US users from accessing the platform, possibly due to regulatory considerations or compliance requirements in the United States.

However, this move has generated criticism and debates surrounding user accessibility and the potential impact on privacy and security. The situation remains under close scrutiny as industry participants and observers assess the implications of this decision within the decentralized finance community.

Many Defi users came forward over social media platforms and criticized the decision. They called out the action as a war against privacy since a virtual private network (VPN) is all about safeguarding the identity of internet users.

thecoinrepublic.com