Controversy has emerged due to MakerDAO’s Spark Protocol preventing individuals who use virtual private networks (VPNs) from accessing it. As a result, People are unable to use VPNs to connect to Spark Protocol, leading to dissatisfaction among those who value their privacy.
Currently, those attempting to reach the Spark Protocol website using VPNs are greeted with an error message. The message reads thus: “Accessing this website via VPN is not allowed.”
This course of action seems to be associated with Maker’s endeavor to prevent users from the United States from entering the realm of the crypto lending platform. Moreover, an update to the Spark Protocol’s terms of service on May 9th cautioned against employing VPNs to evade the restrictions.
Global Discourse: MarkerDAO’s Spark Protocol’s VPN Ban Echoes Worldwide
Furthermore, on August 6th, Chris Blec, an analyst who focuses on decentralized finance (DeFi), shared his dissatisfaction with the choice. He described it as a worldwide ban on VPNs, not just limited to the United States.
“It’s one thing to block US residents. It’s a whole other thing to block anyone in the entire world who is using a VPN for privacy,.”
Blec, decentralization and privacy advocate, criticized Rune Christensen, the founder of MakerDAO, and the company’s developers in another tweet. He stated that their focus appeared to lean more towards monetary profit rather than protecting user privacy:
The Spark Protocol appears to promise users the chance to earn up to 8% in yearly returns by lending DAI. This lending platform is a result of a minor shift from Aave v3 by Phoenix Labs, a blockchain research and development company. This endeavor was set in motion under the guidance of the Maker Foundation.
Reports suggest that MakerDAO’s Spark Protocol depends on TRM’s blockchain intelligence services to prevent wallets linked to the platform from engaging in activities that are against the law.
Read More:
Curve Finance: Hacker returns $12.7M of Stolen Funds
Husband of Razzlekhan Confesses to Being the Hacker Behind the Notorious 2016 Bitfinex Attack