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sneg55 avatar sneg55 commented on June 16, 2024 1

Thanks for the clarification, I listed Market Protocol here: https://defiprime.com/infrastructure

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sneg55 avatar sneg55 commented on June 16, 2024

claimed: access to anyone anywhere

but in fact:

image

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BassBauman avatar BassBauman commented on June 16, 2024

Please tell me what information you're looking for. I gave a mission statement, do you want a description instead?

We are working on making access available in the U.S. but it will take more time. It's a regulatory limitation, not a technical one.

Rather than waiting, we chose an international launch first, as have many other DeFi projects.

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sneg55 avatar sneg55 commented on June 16, 2024

We measured community sentiment on regional restrictions before: https://twitter.com/defiprime/status/1130890433821724672

I don't think that MARKET Protocol fits well for listing on defiprime.com with existing geo-restrictions.

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BassBauman avatar BassBauman commented on June 16, 2024

The geo-restriction applies to our frontend only. Position Tokens themselves are ERC-20 assets, so we don't and can't control what traders choose to do with them off of our DEX.

I hope you will reconsider, for the sake of all the teams out there who are building important tech while also navigating an uncertain regulatory environment.

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sneg55 avatar sneg55 commented on June 16, 2024

So why there is no geo-restrictions on dydx, fullcrum, synth, opyn, set? Not so uncertain for them or they willing to take risks?

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BassBauman avatar BassBauman commented on June 16, 2024

A combination. Most of those projects operate margin applications, which generally aren't an issue. The synthetic asset projects take the position that the user is responsible for complying with applicable law.

DeFi teams are walking a tightrope between lawyers and regulators, while also building world changing technology. Each project is different, depending on its focus, implementation, and location, but ultimately every DeFi team makes a decision based on the particular regulatory uncertainty they are facing and the risk they're willing to take. Do you really think you can judge?

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