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Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
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Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized protocol that relies on services from a centralized corporation is really decentralized.
"Time to retire "decentralized finance". We aren't decentralized, the old guard will keep trying to use it as their "attack" vector. "Open finance" or "web3 finance" is probably most accurate," said Andre Cronje, founder of Yearn Finance (YFI).
Back in October, when Facebook (now Meta) and its family of apps went offline, crypto advocates highlighted how decentralized
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