“Decentralized” exchange dYdX suffers outage

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While crypto enthusiasts would want the world to believe that projects in the space, especially those in decentralized finance (DeFi) have little to no use for centralized intermediaries, the recent outage of one of Amazon’s server in US-East-1 region has again brought the question “how decentralized are decentralized finance projects?” to the fore again.
dYdX suffers outage
On Tuesday, dYdX revealed that the exchange suffered an outage due to the fact that Amazon Web Services went offline for a brief period. The decentralized exchange confirmed this in a tweet where it revealed that “due to a major AWS outage, dYdX exchange is currently down.”

Due to a major AWS outage, dYdX exchange is currently down. We are experiencing greater latency across services and impaired functionality with endpoints not working and the website not loading.
For the most up to date status updates, subscribe to: https://t.co/EvjpZdRyby
— dYdX (@dydxprotocol) December 7, 2021

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