2 DeFi Protocols Based on Solana Block UK Users
Main page News, UK, DeFi
Hot topic
Oct. 24, 2023

Solana-based DeFi protocol Marinade Finance has limited access to the platform to UK users due to "compliance issues" with FCA regulations.

When they try to access a DeFi Protocol website from a UK IP, they see an error message with a warning.

The project developers have warned that "users may withdraw liquidity, claim delayed tickets or delay unstake via our SDK."

It should be noted the project representatives have asked affected users to contact them by email if they need additional information.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

According to DeFi Llama's data, the total locked value (TVL) of Marinade amounts to $245.39 million.

In addition, Orca Finance, the largest decentralized exchange (DEX) on the Solana network, has also implemented a geo-block for the UK, displaying a similar message to UK users. Users can use a special tool to close open positions and withdraw liquidity.

Read also:
Please describe the error