DeFi platform Oasis announced that risk wallet addresses will be blocked from accessing the application.
The decentralized finance platform, Oasis.app, announced on Discord that the sanctioned addresses will no longer be able to access the application.
DeFi Platform Oasis Increases Measures
After Oasis.app changed its terms of service, wallets identified as high risk are prohibited from managing their positions and withdrawing funds. Instead of accessing the application, these addresses will have to interact with the underlying protocol where the funds are stored.
Gabriel, one of the Oasis.app team members, used the following statements on the subject:
“We had to update Oasis.app’s terms of service again to comply with applicable laws. In accordance with the latest regulations, new Terms of Service have been determined. Specified addresses will no longer be able to access oasis.app”
Raising $6 million in its Series A funding round in 2020, Oasis has become a very popular DeFi platform. According to the data, the protocol has processed $4.6 billion in transactions in the last month.
It is not clear how Oasis is using the wallets that it has determined as high risk. Although many people think that this is about Tornado Cash, the user feedback on the subject is not positive.
Community members are not satisfied with the measures taken so far. One user claimed to be able to interact directly with Oasis from a Tornado Cash-linked wallet.
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