Anyone else finding KYC/KYB on some DEXs a bit much for scale?
asked by u/diya.joshi · 3d · 1 answers
Been exploring some newer DeFi protocols for larger-scale liquidity provision and running into some serious friction on the onboarding front. The amount of KYC/KYB info requested by some of these platforms, even for just basic access, feels almost as cumbersome as opening a traditional bank account, which kinda defeats part of the decentralized appeal. I get the need for compliance, especially post-FTX, but it's starting to impact how quickly I can deploy capital and participate in certain opportunities. Curious if others are navigating similar bottlenecks and what your workarounds are, or if it's just the price of admission for higher-TVL pools now.