dYdX Cancels $25 Deposit Promotion That Raises Community Questions About Its Decentralized Nature

Decentralized exchange dYdX has canceled a recent $25 deposit promotion, citing huge demand for the event. The campaign rewards new users with $25 when they make a qualifying deposit, but dYdX uses webcams to identify customers for a "validity check." The event raised questions from the community about the decentralized nature of dYdX. dYdX has responded that participating in promotions is optional, and only requires images to verify unique users to prevent fraud. Changes in ideological beliefs about censorship.