dYdX reportedly blocking users with Russian IP addresses (via OsatoNomayo)
DeFi trading app dYdX appears to be blocking users based in Russia.postedThe notice stated that the user was trading from a region that violated the platform’s terms of use and had previously been restricted.permitted to use dYdX, as per the platform’s terms of use.
Russia is not specifically mentioned but the document does say that these service restrictions apply to other jurisdictions currently sanctioned by the US government. The platform’s terms of use also warn against deploying virtual private networks to circumvent the restrictions. As a hybrid exchange — partly centralized and decentralized — the smart contract backend is also centralized. This means that traders unable to use the app frontend cannot circumvent these restrictions by interacting with the protocol’s smart contracts directly.
dYdX is hardly the first DeFi protocol to block users from specific countries. In March, Matcha, a DEX aggregator platform, began
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